So you know that the future prices that will be paid for property by these unestablished REITs will be more that the prices paid by the existing ones PLUS their 50% premium on NAV. That’s quite a prediction.
With that logic then anyone who invested in 2005 would have had a great head start on the market. Not to mention the implied assumption that the operators of the REITs were savvy enough that their insignificant few hundred million euro removed all the relatively cheap stuff.
You should warn the imminent influx of foreign money that they can only purchase property through the new REITs at 50+% above the real market prices via the existing REITs, and even more if they wait for the future REITs. And that promise of future greatness is more than a little reminiscent of what conned many Canny McSavvys into investing in Bulgaria, Spain, Dubai etc etc.
I’d surmise that the only reason you think people should buy the existing REITs is because it would help your own bank balance.