Читать книгу The Intelligent REIT Investor Guide - Brad Thomas - Страница 27

Publicly traded real estate limited partnerships were once very popular, which was largely a shame. In the 1980s, these entities plucked billions of dollars from investors seeking the benefits of real estate ownership combined with tax breaks. The end result was their victims were lucky to recover 10 or 20 cents on the dollar.

There were several reasons for this failure, including the fees that were sometimes so high that they demolished all potential profits for the little guy. Often, there were conflicts of interest going on with the general partners. And in other cases, they bought into the real estate cycle too late. After grossly overpaying for properties, they hired mediocre managers, failing to recognize that real estate is a very management‐intensive business.

As a result, publicly traded limited partnerships aren't popular today. Nor should they be.