1,720,965 research outputs found
The challenges and benefits associated with residential investment in South Africa: residential REIT and portfolio manager perspectives
No full textA research report submitted in partial fulfilment of the requirements for the degree Master of Master of Science to the Faculty of Engineering and the Built Environment, School of Construction Economics and Management, University of the Witwatersrand, Johannesburg, 2023A common theme in addressing critical housing shortages is the call to leverage private sector resources using REITs. Despite South African having critical affordable housing shortages, REIT exposure to residential is far below the global REIT market average. Existing research brings to light the mixed views and perceptions between different stakeholders about the challenges and risks associated with residential REITs. This is exacerbated by the lack of input from managers of residential REITs and residential funds which is critical to establish a more in depth understanding of the characteristics of the sector.
The purpose of this research was to understand the challenges faced, methods to overcome these challenges, and the unique benefits that residential investment offers from the perspectives of managers of residential REITs and large scale residential rental portfolios in South Africa. This was achieved using a qualitative survey consisting of semi-structured interviews with managers and executives of residential REITS and large scale residential rental portfolios.
The findings provide a more granular look at some of the challenges faced by these key stakeholders, which provide a deep insight into the characteristics of the sector. The key finding is that the limited track record of residential REITs is cause for many of the challenges associated with residential investment in South Africa. Residential portfolio and REIT managers are implementing unique strategies to respond to some of challenges that arise in the context of South Africa such as a shift toward month-to-month leases and exploring methods of reducing utility costs which are increasing at above inflationary rates.
These findings make a valuable contribution to the limited literature on residential REITs in South Africa and include insights from the stakeholders that are most acquainted with the sector which is key to helping broaden our understanding of the challenges and benefits of residential investment in South Africa. Understanding these characteristics is crucial in further developing and growing the residential REIT sector which has the potential to help leverage private sector resources to address the critical housing shortages in South Africa and Africa.TL (2024
Effects of mixed income housing on neighourhood house prices and investment guidelines for future inclusive developments in South Africa
No full textA thesis submitted to the Faculty of Engineering and the Built Environment, University of the Witwatersrand, Johannesburg in fulfillment of the requirements for the degree of Doctor of Philosophy (PhD)
2019While Mixed Income Housing (MIH) enables inclusivity in the globalized world, opposition known as NIMBY (‘Not In My Back Yard’) seem to counter such change in land-use as it is purported to increase home ownership ‘risks’ for reasons associated with loss of value to property, increased crime, and overcrowding on services and amenities. The courts delay the approval processes for such change in land-use, which becomes cumbersome and risky for investors and reduces the much needed investment funds into housing. The study provides five key direct investment guidelines to reduce the high NIMBY opposition levels in future MIH developments, which are perhaps not entirely justified, given the ‘minimal’ effect (0.41%) found for Cosmo City MIH. The first guideline is that policy development into law is not necessary, as linking bulk infrastructure and land cost to affordable housing units acts as a negotiation tool sufficient to enforce reasonable amounts of low-income housing units into MIH developments. The second guideline is that, a privately oriented collaboration between government and private sector enables MIH developments to attract the much needed funding towards housing. This enables the private sector to build better quality housing that maintains investment value in the future and yields a financial return required in the private investment performance benchmarks. The third guideline is that self-serving developments with well-developed infrastructure, transport linkages, and social amenities on greenfield sites, enable long-term focus on investment returns, value capture, continuity, and sustainability within residential markets. The fourth investment guideline is that an MIH development should focus on mixing households according to income levels through different typologies rather than race, religion or culture in the form of ‘silo’ mixing. The fifth investment guideline requires asset and property management strategy orientation to the private sector as this enables competitive resource allocation, green building technology, and better revenue collection methods as a basis for successful future MIH developmentsMT 202
Balancing urban regeneration to prevent displacement: a conceptual strategy for inclusivity in South Africa
No full textA paper presented at the Proceedings of the AfRES 2024 Conference Proceedings 10 – 13 September, Livingstone, ZambiaThe regeneration of urban areas and neighbourhoods plays a crucial role in mitigating urban decay and enhancing socio-economic conditions. However, conventional urban renewal initiatives often inadvertently perpetuate geographies of exclusion, chiefly through gentrification and displacement. This paper is aimed at devising effective urban regeneration strategies that prioritise social inclusivity while mitigating the negative impacts of gentrification and displacement of poor people. The study employed a literature and theoretical review approach, utilising published articles and documents to assess the impact of urban regeneration programs on poor communities. The outcomes include the identification of shortcomings in current urban regeneration strategies and the need to formulate more equitable approaches. This study's significance lies in its contribution to expanding knowledge on urban redevelopment, particularly in the developing world of the global south. Furthermore, it will inform policy development aligned with Sustainable Development Goal 11 (Sustainable Cities and Communities) of the United Nations, thus facilitating much-needed advancements in urban development policies.PM202
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
koamabayili/VECTRON-author-checklist: VECTRON author checklist
No full textWe have done our best to complete the author checklist relating to the use of animals in the hut study. Note that the objective for the hut study was to evaluate the IRS treatment applications for residual efficacy against Anopheles mosquitoes, including the local An. coluzzii mosquito population. Cows were only used to attract mosquitoes into the huts and no tests were carried out directly on the cows. The author checklist is intended for use with studies where experiments are carried out on animals, which is why we have had such difficulty in completing this for the hut study, as many of the questions do not relate to how the cows were used
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