Bond, Shaun A.; Karolyi, G. Andrew; Sanders, Anthony B. - In: Real Estate Economics 31 (2003) 3, pp. 481-500
We examine the risk and return characteristics of publicly traded real estate companies from 14 countries over the period 1990 to 2001. Our data are monthly country-level commercial real estate indexes constructed by the European Public Real Estate Association (EPRA). We find substantial...