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 …

and benchmarking performance and risk in a real estate context are still relatively new. Most previous real estate studies …. Finally we obtain that both alpha and systematic risk levels are linked to the actual characteristics of portfolios. Our …

. A comparison of their construction methodologies, returns, and risk is performed, and the correlations between the …

The polish hotel market grows in a dynamic way, however investment in this market is subject to some risk. A …

In this chapter I argue that as a response to the introduction of capital requirements in the form of risk weights … that the new optimum has a lower risk. The effect of the regulation depends on several things, most importantly the … correlation between individual investments, investor preferences and the relative size of risk weights. …