Recently added articles from Journal of Real Estate Portfolio Management:
Commercial Real Estate Debt Maturities: Shortfall & Implications
Apr 01, 2009; ... Executive Summary. Global capital markets in 2008 experienced historic illiquidity, with nearly every major country's central banking system having to infuse capital directly into their member banks. These dramatic steps were taken to help keep banks solvent while they continued to ...
The Role of Co-Kurtosis in the Pricing of Real Estate
Apr 01, 2009; ... Executive Summary. Most prior studies in real estate ignore the existence of systematic kurtosis risk. Using a four-moment capital asset pricing model, this paper examines the impact of co-kurtosis on real estate pricing. It shows that, in the presence of kurtosis, the expected excess ...
Housing Portfolio Risk Reduction through High-Tech Industry Diversification
Apr 01, 2009; ... Executive Summary. This paper examines the gain of housing portfolio efficiency obtainable through a mixed portfolio by combining geographic characteristics and high-tech industry activities across 40 metropolitan areas. A Bayesian stochastic search is conducted for model restriction ...
Conditional Correlations and Real Estate Investment Trusts
Apr 01, 2009; ... Executive Summary. The paper studies the temporal variations in the conditional correlations between real estate investment trust (REIT) returns and equity, bond, and commodity returns. The findings reveal that the correlations between REITs and equity returns rose over the period ...
The Senior Living Property Sector: How is it Perceived by the Institutional Investor?
Apr 01, 2009; ... Executive Summary. The senior living and long-term care property sector has expanded in response to changing demographics and the increased needs of an overall aging population. As the population of baby boomers reaches retirement age and moves into the "sunshine" years, the demand for ...