Local investors are more familiar with the REIT’s inferior cousin, the business trust. Business trust for me, isn’t that inferior versus the REITs, its just that investors gets taken for a ride by inferior management, that are trying to fleeced shareholders than tapping the true potential of a business trust. A business trust can be a really good platform, if an owner wants to build growth into it. Case to point a look at something similar to the business trust in the US, which is the MLP. In this article provided, it talks about Kinder Morgan, one of the companies that pioneered the MLP model, shifting back from a trust model to a corporation. It makes a good read because when a trust is well operated, it rewards shareholders greatly. It proves a point that while governance is required, end of the day for REITs, business trusts or MLP, its ......