{"title":"The evolution of innovative debt and equity structures: the securitisation of US lodging real estate finance","authors":"Arjun J. Singh","doi":"10.1002/bref.61","DOIUrl":null,"url":null,"abstract":"<p>The mid-1990s saw the alignment of real estate and capital markets. The primary driver of this convergence was the emergence of securitisation for real estate debt and equity markets. The evolution of the innovative instruments introduced during this period and their resulting impact on financing the US lodging industry are discussed in this paper. Copyright © 2002 Henry Stewart Publications.</p>","PeriodicalId":100200,"journal":{"name":"Briefings in Real Estate Finance","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2006-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1002/bref.61","citationCount":"7","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Briefings in Real Estate Finance","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/bref.61","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 7
Abstract
The mid-1990s saw the alignment of real estate and capital markets. The primary driver of this convergence was the emergence of securitisation for real estate debt and equity markets. The evolution of the innovative instruments introduced during this period and their resulting impact on financing the US lodging industry are discussed in this paper. Copyright © 2002 Henry Stewart Publications.
创新债务和股权结构的演变:美国住宿房地产融资的证券化
上世纪90年代中期,房地产市场和资本市场开始结盟。这种趋同的主要驱动力是房地产、债务和股票市场证券化的出现。本文讨论了在此期间引入的创新工具的演变及其对美国住宿行业融资的影响。版权所有©2002 Henry Stewart Publications。
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