Oertel, Cay; Gütle, Thomas; Klisa, Benjamin; Bienert, Sven - In: Journal of Property Investment & Finance 37 (2019) 4, pp. 398-404
Purpose: The purpose of this paper is to analyze potential diversification benefits of American real estate assets for European investors. Since European real estate yields are compressed due to several reasons, including high market liquidity and low interest rates, investment managers seek...