Level from micro data on public operating REITs compiled by and purchased from S&P Global. Level is calculated as the sum of Total Gross Loans (SNL key 132116) from all equity REITs multiplied by an the proportion of loans that are one-to-four-family residential mortgages estimated by FOF based on company level information. Equity REITs are defined as North America Real Estate companies that have an Equity investment focus. Transactions are calculated as the change in level. Data for the most recent ten years show no significant seasonality.
Last edited on: 05/16/2016