Coordinator’s Message

By Adrian Vorbach

This Property Bulletin focusses on Unlisted Property Trusts (UPTs).The two articles contrast the recent fortunes of UPTs and the old Listed Property Trusts (LPTs) now known as Australian Real Investment Investment Trusts (AREITs).

The first article, "The outlook for Unlisted REITs in Australia", is from Jim Papanicolaou, General Manager, Kinsmen Securities in Adelaide. This is an excellent overview of the problems experienced by all sections of the property investment market during the recent global financial crisis (GFC).

The second article "Property continues to deliver most stable returns to investors", is from the Australian Direct Property Investment Association, (ADPIA). It is based upon the respected research from the consulting group, Atchison Consultants in their Investment Performance Report.

Adrian Vorbach is a Councillor of the AIA.