Optimal Real Estate Portfolios
In recent years, increasing attention has been paid the problem of analyzing, evaluating and selecting real estate investments within the context of a portfolio. Most approaches simply attempt to adapt existing theory and models from the well-developed literature of securities investments. Most adaptations or extensions to real estate are not without serious problems, however, because of several fundamental difficulties relating to optimization technology inadequacies and a general lack of reliable and consistent market data.This article deals with the major problems of utilizing some of the classic securities investment models for real estate. Further, a risk-return model is advanced which overcomes most of the fundamental problems outlined earlier in the article. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1979
|
---|---|
Authors: | Findlay, M. Chapman ; Hamilton, Carl W. ; Messner, Stephen D. ; Yormark, Jonathan S. |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 7.1979, 3, p. 298-317
|
Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
Saved in:
freely available
Saved in favorites
Similar items by person
-
FMRR and Duration: Implications for Real Estate Investment Analysis
Babcock, Guilford C., (1976)
-
Porteus, Evan L., (1972)
-
Hamilton, Carl W., (1978)
- More ...