outcomes in terms of increasing return and decreasing risk. Second, as found by others, real estate is a low beta investment … there is not more real estate in institutional portfolios requires an answer beyond examining just risk and return measures … question of why institutions do not hold more real estate, is not about the attributes of return and risk per se, but about its …

The role of selling (or marketing) period uncertainty in understanding risk associated with property investment is … model of UK commercial property transactions, we show that the ex ante level of risk exposure for a commercial real estate … investor is around one and a half times that obtained from historical statistics. The risk related to marketing time …

The role of selling (or marketing) period uncertainty in understanding risk associated with property investment is … model of UK commercial property transactions, we show that the ex ante level of risk exposure for a commercial real estate … investor is aroundone and a half times that obtained from historical statistics. The risk related to marketing time uncertainty …

and benchmarking performance and risk in a real estate context are still relatively new. Previous studies in the real … systematic risk levels are linked to the actual characteristics of portfolios. Our overall results suggest that fund managers …

the extent to which real estate fund managers can systematically and persistently deliver superior risk-adjusted returns …

direct real estate is very poor. It is, therefore, difficult to estimate the market risk of this important asset class …. Moreover, risk systems from most vendors cover equities and fixed income, but do not cover direct real estate. We propose a … simple methodology that uses widely available data on indirect real estate to estimate the market risk of direct real estate …