@article {Esrig144, author = {Dave Esrig and Susan Kolasa and Luigi Cerreta}, title = {Assessing the Impact of Real Estate on Target Date Fund Performance}, volume = {39}, number = {5}, pages = {144--155}, year = {2013}, doi = {10.3905/jpm.2013.39.5.144}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Defined benefit (DB) plans have used direct real estate in their asset allocations for forty years. Defined contribution (DC) plan sponsors are using the shift to asset allocation funds as an opportunity to do the same. We found that if direct properties were added to target date funds over the past four decades, DC participants in these funds would have experienced substantially improved risk-adjusted performance.TOPICS: Real estate, retirement, in portfolio management}, issn = {0095-4918}, URL = {https://jpm.pm-research.com/content/39/5/144}, eprint = {https://jpm.pm-research.com/content/39/5/144.full.pdf}, journal = {The Journal of Portfolio Management} }