An increased investor appetite for global investment has generated a structural market shift observable since the mid 1990s. International or cross-border property investment has boomed, and indirect property investment (investing through securities and funds) has become commonplace. Through a...

The Alternative Investment Market (AIM) in the UK was establised in 1995 and has developed into the world's leading stockmarket for smaller, growth companies for both UK and international companies. At November 2009, the AIM stockmarket comprised 1322 companies with a total market cap of 57...

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Since the mid 1990s, in a generally strongly performing property market, there has been a significant growth in the number of unlisted real estate funds. These funds have provided fund managers with the opportunity to charge performance fees, without the manager being able to provide clear...

This paper uses a proprietary database of over 500 unlisted real estate vehicles in Europe to describe the rapid growth in unlisted real estate vehicles over the last 15 years and the typical features of these investment products. It considers the reported reasons for the rapid growth in this...

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Purpose - The objective of the study is to assess the extent to which the hypothetical attractions of listed real estate products as part of a real estate allocation are being over-ridden by the lack of integrated solutions to managing public and private real estate in the same portfolio....

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