Eres : Digital Library : Works

Paper eres2012_051:
The place of long income property in real estate portfolios

id eres2012_051
authors Ed Trevillion, Jon Bailey and Farida Namata
year 2012
title The place of long income property in real estate portfolios
source 19th Annual European Real Estate Society Conference in Edinburgh, Scotland
summary The paper argues that a balanced real estate portfolio ought to extend the concept of diversification beyond the traditional sector and geographical approach to include a consideration of lease profile. While sector and geography are clearly important diversification factors, investment decisions need to take account of the wider risk profile and results can be counter-intuitive because of the mediation role of supply on economic and other market drivers of property performance. Lease profile offers a further diversification route and in this context the paper revisits the reasons why lease lengths have changed and the place of (and potential for) long income property in balanced institutional portfolios. The article also considers the implications of new accounting rules and how these might limit use of such property in real estate portfolios.
series ERES:conference
type normal paper
email edward.trevillion@swip.com
discussion No discussions. Post discussion ...
ratings
session Parallel Session A2
last changed 2014/10/21 21:51
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