UID:
(DE-602)b3kat_BV046872214
Umfang:
1 Online-Ressource (224 p)
Ausgabe:
1st ed. 1995
ISBN:
9789400903678
Serie:
Research Issues in Real Estate 2
Inhalt:
Arthur L. Schwartz, Jr. and Steven D. Kapplin The focus of this volume of the ARES Monograph Series is new ideas in real estate investment. Within this volume, empiricial studies, literature reviews, and tutorials examine a broad range of important investment issues. Many new and innovative ideas are presented. This volume should be a rich source of real estate investment ideas for many years to come. Kapplin and Schwartz examine the returns of two types of REITs, as well as that of Master Limited Partnerships (MLP), over the 1987-1989 time period. Their sample consisted of 54 real estate securities; they conclude that these entities did not provide an effective inflation hedge. MLP returns exceeded that of the overall stock market, but the two REIT types did not provide rates-of-return in excess of the marked. An extensive review of the commercial real estate return literature is presented by Fletcher. He focuses upon studies that utilize commingled real estate fund (CREF) data. His detailed overview of the subject provides a much needed synthesis of the current literature. Roulac presents an extensive discussion of the differences in the per spectives of individual versus institutional investors. In his essay, he considers such factors as scale, diversification, and related issues. Addi tionally, he examines a wide range of literature from within academia, 1 INTRODUCTION 2 as well as the opinions of various real estate gurus. He concludes that behavioral factors override economic considerations
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9789401066518
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9780792394976
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9789400903685
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
Schlagwort(e):
USA
;
Immobilienanlage
;
Geschichte 1977-1989
;
Aufsatzsammlung
DOI:
10.1007/978-94-009-0367-8
URL:
Volltext
(URL des Erstveröffentlichers)
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