REIT Advocate Reflects on Landmark 2001 Move to Include Sector in S&P Indices
The episode gives wealth professionals a historical account of how publicly traded real estate moved from a niche sector to an S&P index constituent. It focuses on the advocacy, index-committee process and market effects around that change rather than on current allocation views.
Summary
By the real estate & infrastructure deskLee Schalop, former managing director at Bank of America Securities, joins the REIT Report podcast to mark the 25th anniversary of REITs being added to S&P indices. The episode covers the 2001 REIT market, why the sector had been excluded, the campaign to win over the S&P Index Committee, and the reactions and liquidity and valuation effects that followed. It also looks back on 25 years of change and later career turns.
- Schalop was a former managing director at Bank of America Securities and an influential REIT analyst in 2001.
- The podcast marks 25 years since REITs were included in S&P indices.
- Schalop worked with Nareit, analysts, investors and REIT executives to lobby the S&P Index Committee.
- The discussion covers the 2001 backdrop, investor and CEO reactions, and the liquidity and valuation boost after inclusion.
Chapters
From the publisher’s description| Time | Chapter | Length |
|---|---|---|
| REITs Join S&P Era | 2 min | |
| REIT Market in 2001 | 1 min | |
| Why REITs Were Ignored | 2 min | |
| Dot Com and 9/11 Backdrop | 1 min | |
| Mutual Fund Misconception | 2 min | |
| Winning Over S&P | 4 min | |
| Allies and Strategy | 3 min | |
| The Decision Call | 2 min | |
| Investor and CEO Reactions | 2 min | |
| Liquidity and Valuation Boost | 2 min | |
| 25 Years of Change | 2 min | |
| Surprises and Milestones | 2 min | |
| From Wall Street to Med | 2 min | |
| Biotech and Drug Approval | 2 min | |
| Alternate Universe Wrap | 1 min |
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Videos and podcasts are embedded from their publishers. Selections and summaries are editorial and are not investment advice.