ERES:conference

We employ an original dataset of primary fund information to examine the performance of 162 global private equity real estate investment funds across the core, value-add and opportunistic investment style categories over the most recent property cycle (2001-2011). We employ a multi-factor asset...

Cross-border capital flows into real estate are marked by sharp inequalities among countries. Hypothetically, each country should receive capital flows commensurate with the size of its respective economy or, more accurately, the total size of its investible real estate market. In contrast to...

Since the mid 1990s, in a generally strongly performing property market, there has been huge growth in the aggregate size and number of global property funds in both listed (REIT) and unlisted formats. Fund managers have been able to raise capital for funds which reward them with performance...

ERES:conference

ERES:conference

Specific risk in property, whether measured as standard deviation or as a tracking error against a benchmark, is a key problem for international investors. It arises through large average property capital values (lot sizes), through an uneven distribution of these values and through the...

There has been huge growth in the aggregate size and number of global unlisted property funds since the mid 1990s. In Europe, and more recently in Asia, growth in the number of fund launched has exceeded 20% per annum. Developing markets need real estate equity capital to supply the real estate...

This paper sets out the findings of a group of research and development projects carried out at the Department of Real Estate and Planning at the University of Reading and at OPS (Oxford Property Systems, a software development company) over the period 1999Ã’2003. The projects have several...

Property companies and REITs make a significant contribution to the global stockmarkets; currently accounting for £1.1 trillion in market capitalisation, with significant public information available for both property company and REITs. This has seen investors focus on these transparent...