Diversification effects of direct versus indirect real estate investments in the U.K.

Journal of Real Estate Portfolio Management

Volumn 12, Issue 2, 2006, Pages 85-90

  Adair, Alastair ^a   McGreal, Stanley ^a   Webb, James R ^b  

^a UNIVERSITY OF ULSTER   (United Kingdom)

^b CLEVELAND STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33748333367     PISSN: 10835547     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (15)

1. Byrne, P. and S. Lee. Risk Reduction in the United Kingdom Property Market. Journal of Property Research, 2000, 17:1, 23-46.
2. Eichholtz, P. M. A., M. Hoesli, B. MacGregor, and N. Nanthakumaran. Real Estate Diversification by Property Type and Region. Journal of Property Finance, 1995, 6:3, 39-59.
3. Hamelink, F., M. Hoesli, C. Lizieri, and B. D. MacGregor. Homogeneous Commercial Property Market Grouping and Portfolio Construction in the United Kingdom. Environment and Planning A, 2000, 32, 323-44.
4. Hoesli, M. and D. MacGregor, Property Investment, Longman, Harlow, Essex, 2000.
5. Hoesli, M., B. MacGregor, A. Adair, and S. McGreal. The Role of Property in Mixed Asset Portfolios. RICS Research Papers, London, 2002.
6. Lee, S. Correlation Shifts and Real Estate Portfolio Management. Journal of Real Estate Portfolio Management, 2003, 9, 45-58.
7. Lee, S. and P. Byrne. Diversification by Sector, Region or Function? A Mean Absolute Deviation Optimisation. Journal of Property Valuation & Investment, 1998, 16:1, 38-56.
8. Lee, S. and S. Stevenson. Testing the Statistical Significance of Sector and Regional Diversification. Journal of Property Investment and Finance, 2005, 23:5, 394-411.
9. Louargand, M. A. A Survey of Pension Fund Real Estate Portfolio Risk Management Practices. Journal of Real Estate Research, 1992, 7:4, 361-73.
10. MacGregor, B. D. and N. Nanthakumaran. The Allocation to Property in the Multi-Asset Portfolio: The Evidence and Theory Reconsidered, Journal of Property Research, 1992, 9:1, 5-32.
11. McGreal, W. S., A. S. Adair, J. N. Berry, and J. R. Webb. Institutional Real Estate Investment in Ireland and Great Britain: Returns, Risks and Opportunities. Journal of Real Estate Portfolio Management, 2004, 10:2, 85-96.
12. McGreal, W. S. Risk-Return Profiles in the UK Regeneration Market, Paper presented at the Eleventh Annual Conference of the Pacific Rim Real Estate Society, Melbourne, 2005.
13. Newell, G. and J. R. Webb. Assessing Risk for International Real Estate Investments. Journal of Real Estate Research, 1996, 11:2, 103-15.
14. UBS. Pension Fund Indicators 2005. A Long-Term Perspective on Pension Fund Investment. UBS Global Asset Management, London, 2005.
15. Webb, J. R. Real Estate Investment Acquisition Rules for Life Insurance Companies and Pension Funds: A Survey, Journal of the American Real Estate and Urban Economics Association, 1984, 12:4, 495-520.