Munich partner Hans Martin Schmid, of counsel Christian Schmidt, Los Angeles partner Dhiya El-Saden, London partner Nicholas Aleksander and Paris partner Ariel Harroch are authors of "REIT-Modelle im Vergleich" [PDF] (the article is in German and roughly translates as "Comparing REIT Models") published in the German real estate magazine Immobilienwirtschaft.  The article compares the German, UK, French and U.S. REIT models from an investor's point of view.