Real estate price indices and price dynamics: an overview from an investments perspective
D Geltner - Annual Review of Financial Economics, 2015 - annualreviews.org
This article reviews the state of the art in real estate price indexing and the state of
knowledge about real estate price dynamics, with a focus on investment property, or income …
knowledge about real estate price dynamics, with a focus on investment property, or income …
State variables, macroeconomic activity, and the cross section of individual stocks
M Boons - Journal of Financial Economics, 2016 - Elsevier
I study whether risk premiums for exposure to state variables in the cross-section of
individual stocks are consistent with how these variables forecast macroeconomic activity in …
individual stocks are consistent with how these variables forecast macroeconomic activity in …
[HTML][HTML] Dynamics and Driving Mechanism of Real Estate in China's Small Cities: A Case Study of Gansu Province
H Chen, S Zhao, P Zhang, Y Zhou, K Li - Buildings, 2022 - mdpi.com
(1) Background: China is beginning to see increasingly complex real estate development
dynamics as urbanization, industrialization and globalization advance. As a key driver of …
dynamics as urbanization, industrialization and globalization advance. As a key driver of …
Demystifying Illiquid Assets: Expected Returns for Private Equity
A Ilmanen, S Chandra, N McQuinn - The Journal of Alternative …, 2019 - pm-research.com
The growing interest in private equity means that allocators must carefully evaluate its risk
and return. The challenge is that modeling private equity is not straightforward due to a lack …
and return. The challenge is that modeling private equity is not straightforward due to a lack …
The valuation of illiquid assets: A focus on private equity and real estate
R Gibson, M Hoesli, J Shan - Swiss Finance Institute Research …, 2022 - papers.ssrn.com
This paper reviews methods that can be used to value illiquid investments, with a particular
focus on private equity and real estate. We discuss the traditional valuation methods, in …
focus on private equity and real estate. We discuss the traditional valuation methods, in …
Why are REITs currently so expensive?
S Van Nieuwerburgh - Real Estate Economics, 2019 - Wiley Online Library
Over the last several years, the price of listed real estate stocks has been unusually high
relative to dividends. I find that neither low interest rates nor low risk premia can account for …
relative to dividends. I find that neither low interest rates nor low risk premia can account for …
[BOOK][B] Investing Amid Low Expected Returns: Making the Most when Markets Offer the Least
A Ilmanen - 2022 - books.google.com
Elevate your game in the face of challenging market conditions with this eye-opening guide
to portfolio management Investing Amid Low Expected Returns: Making the Most When …
to portfolio management Investing Amid Low Expected Returns: Making the Most When …
Macroeconomic risks in equity factor investing
N Amenc, M Esakia, F Goltz… - The Journal of Portfolio …, 2019 - jpm.pm-research.com
There is a consensus that equity factors are cyclical and depend on macroeconomic
conditions. To build well-diversified portfolios of factors, one needs to account for the fact …
conditions. To build well-diversified portfolios of factors, one needs to account for the fact …
Targeting Macroeconomic Exposures in Equity Portfolios: A Firm-Level Measurement Approach for Out-of-Sample Robustness
M Esakia, F Goltz - Financial Analysts Journal, 2023 - Taylor & Francis
We propose firm-level measures of exposures to macroeconomic risks that substantially
improve out-of-sample robustness compared to standard estimation approaches. Systematic …
improve out-of-sample robustness compared to standard estimation approaches. Systematic …
REIT stock market volatility and expected returns
We study the relation between REIT stock volatility and future returns, focusing particularly
on the financial crisis period of 2007–2009. There is ongoing debate about whether stock …
on the financial crisis period of 2007–2009. There is ongoing debate about whether stock …