Optimal Real Estate Portfolios

M. Chapman Findlay, Carl W. Hamilton, Stephen D. Messner and Jonathan S. Yormark

Real Estate Economics, 1979, vol. 7, issue 3, 298-317

Abstract: In recent years, increasing attention has been paid the problem of analyzing, evaluating and selecting real estate investments within the context of a portfolio. Most approaches simply attempt to adapt existing theory and models from the well‐developed literature of securities investments. Most adaptations or extensions to real estate are not without serious problems, however, because of several fundamental difficulties relating to optimization technology inadequacies and a general lack of reliable and consistent market data. This article deals with the major problems of utilizing some of the classic securities investment models for real estate. Further, a risk‐return model is advanced which overcomes most of the fundamental problems outlined earlier in the article.

Date: 1979
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://doi.org/10.1111/1540-6229.t01-11-00201

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:reesec:v:7:y:1979:i:3:p:298-317

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1080-8620

Access Statistics for this article

Real Estate Economics is currently edited by Crocker Liu, N. Edward Coulson and Walter Torous

More articles in Real Estate Economics from American Real Estate and Urban Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().