Amédée‐Manesme, Charles‐Olivier; Barthélémy, Fabrice - In: Journal of Property Investment & Finance 31 (2013) 4, pp. 360-389
Purpose – This paper aims to show that the accuracy of real estate portfolio valuations and of real estate risk management can be improved through the simultaneous use of Monte Carlo simulations and options theory. Design/methodology/approach – The authors' method considers the options...