The Role of Real Estate in Efficient Investment Portfolios
- 1 January 1992
- journal article
- Published by Emerald Publishing in Journal of Property Valuation and Investment
- Vol. 10 (1) , 405-412
- https://doi.org/10.1108/14635789210031064
Abstract
Looks at the risk/return characteristics of real estate on the basis of both appraisal and market values. Broadens this analysis to include inflation. Makes a series of observations about the role of real estate in efficient investment portfolios. Concludes that as long as direct real estate is valued at appraisal value it is unmistakably a solid inflation hedge.Keywords
This publication has 3 references indexed in Scilit:
- A Different Look at Commercial Real Estate ReturnsReal Estate Economics, 1990
- The Real Estate Pricing PuzzleReal Estate Economics, 1988
- Real estateThe Journal of Portfolio Management, 1988