scanrail/iStock via Getty Images One of the most important jobs of REIT executives and Boards of Directors is capital allocation. Depending on cost of capital, acquisition and development yields, and the point in the real estate cycle, a public REIT will have to employ different capital allocation strategies. One of the forgotten and often purposely swept-under-the- rug line items is maintenance capital expenditures. In both residential and commercial Real Estate, maintenance capital expenditures (or 'capex ...