Research Issues in Real Estate

Alternative Ideas in Real Estate Investment

Editors: Schwartz Jr., Arthur L., Kapplin, Steven D. (Eds.)

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About this book

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.

Table of contents (12 chapters)

  • Introduction

    Schwartz, Arthur L. (et al.)

    Pages 1-3

  • Recent Performance of U.S. Real Estate Securities

    Kapplin, Steven D. (et al.)

    Pages 5-18

  • Commercial Real Estate Investments and Returns: A Review of the Literature Using Cref Data

    Fletcher, Stuart

    Pages 19-34

  • Implications of Individual Versus Institutional Real Estate Investing Strategies

    Roulac, Stephen E.

    Pages 35-58

  • Superior Real Estate Investment Performance: Enigma or Illusion? A Critical Review of the Literature

    Liu, Crocker H. (et al.)

    Pages 59-82

Buy this book

eBook $74.99
price for USA (gross)
  • ISBN 978-94-009-0367-8
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $99.00
price for USA
  • ISBN 978-94-010-6651-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Alternative Ideas in Real Estate Investment
Editors
  • Arthur L. Schwartz Jr.
  • Steven D. Kapplin
Series Title
Research Issues in Real Estate
Series Volume
2
Copyright
1995
Publisher
Springer Netherlands
Copyright Holder
Kluwer Academic Publishers
eBook ISBN
978-94-009-0367-8
DOI
10.1007/978-94-009-0367-8
Softcover ISBN
978-94-010-6651-8
Series ISSN
1382-4848
Edition Number
1
Number of Pages
224
Topics