ARA Asset Management

ARA Asset Management: (The Edge) REIT reforms impact? New REIT guidelines being studied, one idea that is mooted is for the management company of a REIT to be internalized, hence fees earning from mgt of assets would be shared by investors in the REIT rather then leaking out to an external manager. Another regulation being looked at is the acquisition of properties b REITS that would preclude them from doing a deal unless it is immediately NAV accretive. Whatever the outcome, grp CEO note that ARA will be able to keep its AUM growing in a couple of ways, one way via enlarging its REITS via acquisitions, and increasing the value of its properties via AEI. Grp also looking at launching a Rmb denominated REIT, adding that they will try not to do things which will duplicate what grp is currently doing.