In this article we compare public and private real estate equities. In so doing, we control for
three of the main differences between these investment alternatives: property‐type mix …

This study evaluates long-run relationships and short-run linkages between the private
(unsecuritized) and the public (securitized) real estate markets of Australia, Netherlands …

The diversification of public pension funds and educational endowments is explained by a
few stock and bond indexes alone. Alternative investments ceased to be diversifiers in the …

Endowment funds in the US, large and small, significantly underperform passive investment.
Moreover, an analysis of the performance of 43 of the largest individual endowments over …

Large institutional investors in the United States commonly diversify their portfolios among 8
to 12 asset classes. This approach typically involves using more than 100 investment …

We introduce a methodology to estimate common real estate returns and cycles across
public and private real estate markets. We first place REIT indices and direct real estate …

Since July 2007, the developed countries faced the most serious and disruptive crisis after
the 1929 Great Depression. As the crisis unfolded, policy authorities stepped in to support …

This paper examines the dynamic behavior of the National Council of Real Estate
Investment Fiduciaries (NCREIF) index. NCREIF total return and appreciation indexes are …

This study examines total, market and idiosyncratic risk and correlation dynamics using
weekly return data on two US REIT firm samples from 1988 to 2008. We find that both market …

In this paper, we discuss managerial challenges and opportunities related to the newly
introduced real estate investment trust (REIT) in India. Features of the proposed REIT …