Purpose –The purpose of this paper is to analyze the effects of individual manager characteristics on real estate mutual fund (REMF) performance. Human capital theory predicts that factors like education, experience and professional certifications improve skill sets and thus performance....

Purpose –The purpose of this case study is to examine direct investment in commercial real estate from the perspective of the individual. While most research is dominated by studies concerning direct investment by institutions (REITs, pension funds, etc.), the bulk of direct investment in...

Purpose –Aims to test to determine whether the selection of the historical return time interval (monthly, quarterly, semiannual, or annual) used for calculating real estate investment trust (REIT) returns has a significant effect on optimal portfolio allocations Design/methodology/approach -...

Purpose –This study sets out to focus on the identification of determinants of real estate limited partnership (REIT) capital structure from a market perspective. Design/methodology/approach -This study uses ordinary least squares regression to test whether REIT capital structure is impacted...

Purpose –Aims to explain the rationale for producing an issue on the topic of real estate investing and how these articles fit together. Design/methodology/approach - Essay format. Findings - Real estate is probably the largest category of assets for investors and the works in this issue will...

Purpose – This study seeks to examine the market returns of five domestic real estate investment trust (REIT) indices to determine whether they exhibit a turn-of-the-month (TOM) effect. Design/methodology/approach -A test is carried out for the TOM effect by employing a battery of parametric...

Purpose – The purpose of this paper is to examine how long a real estate investment trust (REIT) initial public offer (IPO) survives until a merger occurs, and to determine the impact of different firm characteristics that exist at the time of the IPO on that survival in the aftermarket...

Purpose – The purpose of this study is to investigate the benefits of using a more diverse derivative strategy of a fund in relation to their performance and risk characteristics. Design/methodology/approach – In this study, samples of 3,382 individual hedge funds and 761 funds of hedge...

Purpose - The purpose of this paper is to study performance and market timing ability of equity real estate investment trusts (REITs). Design/methodology/approach - The authors use classical regression-based framework and their multi-index, multifactor, and conditional extensions to jointly...