We use office and retail properties return data for US and some Asia Pacific cities to ascertain the relative performance of value and growth investment strategies. The results reveal that value portfolios outperform growth portfolios. Furthermore, while the results show that risk varies over...

The superiority of the contrarian investment strategy, though well attested to in the finance literature, has received scant attention, if any, in the real estate literature. This study uses empirical industrial real estate investment return data from 1985Q1 to 2005Q3 for the US, and some Asia...

Cross-border investment in Asia-Pacific commercial real estate (CRE) has increased since the Great Financial Crisis. Amid low interest rates and ample liquidity, financial investors have sought higher returns from illiquid CRE assets. The search for yield has been particularly evident among...

This paper considers the performance of direct investments in three real asset classes: natural resources (namely timberland and farmland), energy infrastructure and commercial real estate. Using publicly available data for a period starting in 1978 (for real estate) or 1996 (for infrastructure)...