Indirect real estate investments have become increasingly attractive for institutional investors as well as for privates. Besides the obvious advantages compared to direct investments, such as smaller lot size and better liquidity, the question of cost of third-party management arises. There is...

ERES:conference

As interest in real estate continues to increase worldwide, trends bode well for real estate investments. While investors recognize the importance of real estate as an asset class, they underestimate the diversity of investment opportunities available. Having started with direct property...

Corporate focus, variously described as specialization, diversification or core competency ñ and the associated costs and benefits ñ is one of the fundamental and most discussed issues in business administration. Although the subject has been investigated by various researchers for real estate...

Based on the INREV vehicles database, the non-listed real estate market in Europe has grown to more than 450 vehicles with a Gross Asset Value (GAV) of approx. Ä260Bn. with different investment strategies and styles in 2009. In light of the recent financial turmoil and more than 40 different...

The purpose of the study is to analyze critically the importance of physical market cycles for the performance of REITs on a sector- and company-level. This is done in a two-tiered analysis. First, by analyzing the underlying assets ñ the property holdings ñ that REITs have in different...

Corporate focus, variously described as specialization, diversification or core competency ñ and the associated costs and benefits ñ is one of the fundamental and most discussed issues in business administration. Although the subject has been investigated by various researchers for real estate...

High vacancy rates, the ascent in non-marketable office buildings and increased flexibility and regional mobility of office tenants have fostered the relevance of a segmentation of office tenants as well as of the application of target group-specific management strategies with regard to office...