To be added, a healthcare REIT must meet the Indexes' minimummarket capitalization requirement of $200 million. It must alsoderive more than 75% of its revenues from the ownership ofincome-producing real estate. Wilshire Associates were unable to bereached by press time.
Robert Waid, a VP of Wilshire Associates, who heads up WilshireEquity Analytic's research for the Dow Jones Wilshire Index family,tells GlobeSt.com that they have looked at healthcare REITs forsometime now. "About a year ago, I recommended that we add ahealthcare REIT and now was just the right time," he explains.
According to a company release, Dow Jones Indexes and WilshireAssociates agreed to the rules change allowing healthcare REITsinto the Indexes at this time because these REITs perform more likeother equity REITs than like healthcare stocks. When the Dow JonesWilshire Real Estate Indexes were being developed in 1990 to 1991,healthcare REITs were greatly influenced by trends and developmentsin the healthcare industry, and were less affected by trends in thereal-estate market, therefore they were deemed ineligible for theIndexes.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
