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Paper eres2005_155:
Real Estate Portfolio Size and Risk Reduction

id eres2005_155
authors Devaney, Steven and Stephen Lee
year 2005
title Real Estate Portfolio Size and Risk Reduction
source Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
summary Risk diversification is important to all investors. However, commercial real estate investors in the UK tend to concentrate their holdings in relatively few properties; as a consequence they are vulnerable to significant risk of underperforming the overall market or a target rate of return. Given the potentially high risk of owning only a few properties, we follow de Vassal (2001) and examine the return/risk benefits of holding more properties in a portfolio. The analysis uses Monte Carlo techniques to simulate total returns of real estate portfolios with varying numbers of properties using individual property data over the period 1994-2003.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings
session Session B3
last changed 2008/11/01 09:47
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