Add to ORKGDespite the recent focus on stocks and bonds, real estate remains a significant part of the institutional investment portfolio. This article reviews the existing literature and theory on commercial real estate as an investment vehicle and examines the investment benefits of real estate as a part of a diversified portfolio. The results suggest that direct real estate investment provides diversification benefits, while securitized real estate (REIT) investment does not. The conclusion is twofold: 1) real estate returns are determined by factors different from those driving the returns to other asset classes and hence may produce diversification benefits and 2) REIT investment is an inadequate substitute for direct investment in real estate
This study provides evidence on the investment performance of real estate relative to bonds and comm...
This paper examines the effect of property-type diversification in equity real estate investment tru...
Real estate offers a range of investment alternatives for mutual funds including residential real es...
Economies and social sectors of the 21st century states are hard to picture without investment funds...
This study explores the role of direct real estate investment in a portfolio context incorporating t...
This paper examines the risk-return and diversification properties of real estate investments. In th...
This Paper analyses the effects of residential property holdings on optimal investment portfolios. U...
Recent years have seen increased attention given to the real estate investment opportunities availab...
The consensus that emerges from the current research on the linkage between securitized and direct i...
For over twenty years researchers have been recommending that investors diversify their portfolios b...
Summary. This paper summarises the various findings of studies completed on the benefits of internat...
Booth and Fama (1992) observe that the compound return and so the terminal wealth of a portfolio is ...
Booth and Fama (1992) observe that the compound return and so the terminal wealth of a portfolio is ...
This thesis examines the potential benefits of diversification in real estate. By calculating a set ...
The economic climate of late has battered investment classes across the board, including commercial ...
This study provides evidence on the investment performance of real estate relative to bonds and comm...
This paper examines the effect of property-type diversification in equity real estate investment tru...
Real estate offers a range of investment alternatives for mutual funds including residential real es...
Economies and social sectors of the 21st century states are hard to picture without investment funds...
This study explores the role of direct real estate investment in a portfolio context incorporating t...
This paper examines the risk-return and diversification properties of real estate investments. In th...
This Paper analyses the effects of residential property holdings on optimal investment portfolios. U...
Recent years have seen increased attention given to the real estate investment opportunities availab...
The consensus that emerges from the current research on the linkage between securitized and direct i...
For over twenty years researchers have been recommending that investors diversify their portfolios b...
Summary. This paper summarises the various findings of studies completed on the benefits of internat...
Booth and Fama (1992) observe that the compound return and so the terminal wealth of a portfolio is ...
Booth and Fama (1992) observe that the compound return and so the terminal wealth of a portfolio is ...
This thesis examines the potential benefits of diversification in real estate. By calculating a set ...
The economic climate of late has battered investment classes across the board, including commercial ...
This study provides evidence on the investment performance of real estate relative to bonds and comm...
This paper examines the effect of property-type diversification in equity real estate investment tru...
Real estate offers a range of investment alternatives for mutual funds including residential real es...