This paper provides an international comparison of the benefits of including real estate
assets in mixed-asset portfolios. Real estate returns are desmoothed using a variant of the …

Purpose – This paper aims to review major changes on real estate markets in Europe and to
analyse the impacts of such changes. Design/methodology/approach – The paper provides …

Purpose – The purpose of this paper is to explore how tenant end demand dependence
and investment market segmentation, as estimated through sector type, impacts real estate …

The main objective of this study is to provide international evidence on the discrepancy
between suggested and actual allocations to real estate in institutional portfolios, and also to …

The allocation to real estate by institutional investors has increased in recent years and as a
result the gap between suggested and actual allocations has narrowed. The increased …

Purpose This paper compares the benefits of direct international real estate investments in
a mixed asset portfolio from the perspective of a passive investor with high and low bond …

Purpose The asset allocation decision for a pension portfolio needs to consider several,
sometimes conflicting, aspects. Most pension managers use models and processes that are …

Purpose – The purpose of this paper is to develop a more robust methodology for asset
allocation for the property investment market which takes into account inherent valuation and …

… Jon Lekander (Department of Real Estate and Construction Management, KTH Royal
Institute of Technology, Stockholm, Sweden) … Much research has documented the role of real …

The allocation to real estate by institutional investors has increased in recent years and as a
result the gap between suggested and actual allocations has narrowed. The increased …