Real Estate Investment Trust (REIT) holds properties over a long period of time with a focus on generating and growing net property income. The trust also uses gearing to fund its growth and to boost return to investors.
Market generally values REIT like a series of long term cash flow discounted by capitalization rate. As a REIT, interest rate movement has impact on REIT's funding cost and portfolio valuation. Prof. Hongchoy will explain elements of effective interest rate management necessary for REITs.
- Welcome and Introduction
- Introduction to Executive Master in Real Estate Finance
- Prof. George Hongchoy's Address
- Open Discussion
Prof. Hongchoy joined The Link Management Limited in January 2009. The Link Management Limited is the manager of Hong Kong listed The Link Real Estate Investment Trust. He has over 25 years of experience in investment banking, financial consulting and accounting in Asia and New Zealand with focus on real estate, financial services and consumer/retail sectors. He is a Director of Hong Kong Cyberport Management Company Limited, and a member of the Policy Research Committee of the Financial Services Development Council of The Government of the Hong Kong Special Administrative Region. He was a Director of Asia Pacific Real Estate Association Limited and Chairman of its Hong Kong Chapter Board.
Prof. Hongchoy holds a Bachelor of Commerce degree from the University of Canterbury and a MBA degree from The Wharton School. He is a Chartered Accountant with the New Zealand Institute of Chartered Accountants, and a Fellow member of the Hong Kong Institute of Certified Public Accountants, The Hong Kong Institute of Directors, Hong Kong Securities and Investment Institute, Royal Institution of Chartered Surveyors and Institute of Shopping Centre Management.