PT - JOURNAL ARTICLE AU - Jack Clark. Francis AU - Roger G Ibbotson TI - Empirical Risk-Return Analysis of Real Estate Investments in the U.S., 1972–1999 AID - 10.3905/jai.2001.318996 DP - 2001 Jun 30 TA - The Journal of Alternative Investments PG - 33--39 VI - 4 IP - 1 4099 - https://pm-research.com/content/4/1/33.short 4100 - https://pm-research.com/content/4/1/33.full AB - This article reviews empirical risk and return statistics from physical real estate and financial real estate investments made in the U.S. Twenty-seven years of returns from various categories of U.S. real estate are compared and contrasted with concurrent U.S. returns from bonds, gold, silver, common stocks, commodities, and the rate of inflation.