RT Journal Article
SR Electronic
T1 New Strategies for Commercial Real Estate Investment and Risk Management
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 154
OP 161
DO 10.3905/jpm.2005.593898
VO 31
IS 5
A1 Jeffrey D. Fisher
YR 2005
UL https://pm-research.com/content/31/5/154.abstract
AB Credit Suisse First Boston recently announced it plans to offer several derivatives based on the NCREIF Property Index that will allow investors to either buy or sell the appreciation component of the NPI. Derivatives will also allow investors to swap property sector returns from the NPI. These derivatives will let investors invest in real estate, hedge real estate risk, and rebalance portfolios through property type swaps in ways not previously possible. These risk management techniques put commercial real estate on more of a par with financial assets like stocks.