Methods of Incorporating Risk in the Analysis of Commercial Property Investment: Multi-Period Asset Pricing Approach

Charles Ward

Chapter 7 in Modern Portfolio Theory and Financial Institutions, 1983, pp 135-162 from Palgrave Macmillan

Abstract: Abstract The analysis of investment in commercial property has tended to follow the models and controversies of the more general financial literature. The lag between the publication of the financial models and their application to property investment has, as Jaffe (1977) argues, been in the order of five to ten years and the present application of modern portfolio theory is consistent with this experience.

Keywords: Superannuation Fund; Market Portfolio; Investment Horizon; Commercial Property; Property Investment (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05843-3_7

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DOI: 10.1007/978-1-349-05843-3_7

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