Property Portfolio Management

Colin A. Jones () and Edward Trevillion ()
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Colin A. Jones: Heriot-Watt University
Edward Trevillion: Heriot-Watt University

Chapter Chapter 8 in Real Estate Investment, 2022, pp 157-176 from Springer

Abstract: Abstract The chapter examines the overall investment strategies used by investors when constructing and managing a portfolio. It looks at the investment process including the choice of portfolio (fund) assets, how these choices match the preferences of potential investors and the ongoing monitoring of performance. It considers how portfolio performance is judged against certain reference behaviours in the form of benchmarking. The chapter also looks at important elements of monitoring and managing performance including the use of indices. An investment strategy should be shaped by the objectives of the portfolio. These need to reflect the required risk and return of the investor(s), details of their existing wealth, their tax position, liquidity requirements and future liabilities. Only, after these objectives are established can an investment strategy and relevant policies be devised, and a suitable monitoring programme constituted. The chapter outlines aspects of the investment and finance decision in general and decision-making processes in more detail including portfolio construction and strategy. An important element of the chapter is that devoted to portfolio monitoring which includes a section on benchmarking and the use of forecasts to anticipate the potential success of future strategies.

Keywords: Investment process; Benchmarking; Portfolio strategy; Property selection; Portfolio performance; Portfolio strategy; Property indices; Portfolio forecasting (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-00968-6_8

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DOI: 10.1007/978-3-031-00968-6_8

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