HOW OPEN CAN A REAL ESTATE FUNDS BE?

David H. Downs and Steffen Sebastian ()

ERES from European Real Estate Society (ERES)

Abstract: The implications of regulations on real estate funds are crucial, not only for the investment opportunities but also for the stability of the investment vehicle. We observe internationally several attempts to establish (or re-establish) open-end funds, as well for real estate as for other illiquid assets, e.g. hedge funds or private equity funds. Nevertheless, after the crisis of the German open-end funds, one of the largest institutions for private investors, we observe now difficulties of the PUTs, the well-established British counterpart for institutional investors. In our paper, we try to analyze the reasons and their implications for the open-end fund's evolution.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2008-01-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2008-136 (text/html)

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:arz:wpaper:eres2008_136

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().