Real estate has been a very large and important portion of wealth for thousands of years. Even as recently as a century ago, real estate dominated institutional portfolios and was classified as property. During recent decades, the preeminence of real estate has yielded to the growing importance...

Optimization of international securitized real estate portfolios has been a key topic for several decades. However, most previous analysis has focused on regional diversification by applying the traditional mean-variance (MV) framework suggested by Markowitz (1952) even if the limitations of...

This paper seeks to provide a better understanding of the performance implications for investors who choose to combine listed real estate with an unlisted real estate allocation. Specifically, it provides a detailed investor level analysis of the impact of combining UK unlisted fund and global...

Investors have historically used listed real estate to achieve a number of outcomes, ranging from general exposure to the asset class to meeting specific returns characteristics such as inflation hedging and tax-efficient income generation. However, following the events of the last five years,...