1. REIT Investment Decision Making: A Literature Review Dr David Parker davidparker.com.au

2. Outline Literature reviewed Differences and similarities Mapping Taxonomising Conclusions Areas for further research

3. Literature Reviewed Pyhrr et al (1989)10 Jaffe and Sirmans (2001) 5 Pagliari (1995) 6 Baum (2002) 6 Brown and Matysiak (2000) 4 Hartigay and Yu (1993) 5 Roberts and Henneberry (2007)10 Farragher and Savage (2008) 9 Farragher and Kleiman (1996) 7

4. Outline Literature reviewed Differences and similarities Mapping Taxonomising Conclusions Areas for further research

5. Differences and Similarities Differences –Terminology –Explicit specification Similarities –Groupings –Sequential –Phases

6. Outline Literature reviewed Differences and similarities Mapping Taxonomising Conclusions Areas for further research

7. Mapping

9. Outline Literature reviewed Differences and similarities Mapping Taxonomising Conclusions Areas for further research

10. Taxonomising PhaseActivity EnvisioningVisionGoalsStyleStrategyObjectives PlanningProperty Portfolio Strategy Strategic Asset Allocation Tactical Asset Allocation Stock SelectionAsset Identification DealingPreliminary Negotiations Preliminary Financial Analysis StructuringAdvanced Financial Analysis Portfolio Impact ExecutingAccept / Reject Decision Final Negotiations / Close Final DecisionDue DiligenceAppraisal WatchingSettlementPost AuditMonitor / Reporting Performance Measurement Portfolio Analysis OptimisingRebalancingDisposalRefurbishment /Re- development Asset Management Property / Facilities Management

11. Outline Literature reviewed Differences and similarities Mapping Taxonomising Conclusions Areas for further research

12. Conclusions and Areas for Further Research Conclusions –Consistency –Start and end points –Circular process Areas for further research –Complete list? –Phases appropriate?

13. Outline Literature reviewed Differences and similarities Mapping Taxonomising Conclusions Areas for further research

14. REIT Investment Decision Making: A Literature Review Dr David Parker davidparker.com.au