Asabere, Paul K.; Kleiman, Robert; McGowan, Carl - In: Journal of Real Estate Research 6 (1991) 2, pp. 143-152
This paper examines the risk and return attributes of international real estate equities over the 1980-1988 time period. The empirical results indicate that international real estate equities offer higher returns as well as greater total and systematic risk than U.S.-based REITs. The results...