Geltner, David; Kluger, Brian - In: Real Estate Economics 26 (1998) 4, pp. 581-612
This article explores a technique for constructing REIT-based "pure-play" portfolios which replicate the performance of "target" real estate sectors without direct exposure to "non-target" sectors. The construction of pure-play portfolios uses a combination of long and short positions, and does...