Italian real estate has become an increasingly popular investment class due to its relatively good returns and low risk compared to shares and bonds. In particular, real estate funds in Italy have shown enormous growth over the past few years, however, little is known about their performance....

Investment valuation activity presents several issues regarding zoning, market analysis, construction, but also valuation and financing. The latest are mainly financial issues, that require both the logical framework of analysis and a financial model as supporting tool. Sunlight Village is a...

Real estate is an industry that deserves some attentions to capital structure due to its own peculiarities. As a consequence, existing relevant literature and research is abundant of analyses that are focused on this industry as well. However, such studies have been centered mainly in the more...

[abstract missing - contribution appeared in the programme]

One of the most vexing issues for analysts and managers of property companies across Europe has been the existence and persistence of deviations of Net Asset Values of property companies from their market capitalisation. The issue has clear links to similar discounts and premiums in closed-end...

Capital structure and financing decisions have been surveyed for years and, since Modigliani-Millerís proposition, much corporate finance literature has investigated this issue across different countries, industries and business cycles. Unlike previous studies that addressed capital structure...

The traditional measurement of active management is to calculate the tracking error of the fund; as measured by the standard deviation of the difference in a fund's returns versus its benchmark returns. However, tracking error alone is an inadequate measure of fund activity since even very...

This paper deals with the indexes and the performance benchmarks used in the real estate market. The first part of the paper introduces a model for multiplesí analysis and classification. Real estate indexes can be divided into research or performance evaluation indexes according to their...