Real estate opportunity funds are one of the fastest growing segments of the real estate
investment industry. The real estate equivalent of the private equity and “alternative investments” …

Background One must give credit where credit is due. In the astonishingly short period of
nine years WeWork became the world's largest company, by private market capitalization, …

… Nori Gerardo Lietz Philipp Chvanov … Figure 10 illustrates that over the last decade the
pooled IRRs of PE funds investing in North America have not outperformed a US customized …

… both the NCREIF and Gerardo-Lietz datasets show aggregate positive skew, which means …
Alliance data used by Hahn, Geltner, and Gerardo-Lietz [2005] . I converted Preqin's net IRRs …

… Hahn, Geltner, and Gerardo-lietz [2005] also indicate performance persistence in real estate
opportunity funds, although performance is defined only by IRR rank, with no attempt made …

Anecdotal evidence suggests that clout and connections matter more in private equity
fundraising than actual performance. In this paper, a unique real estate private equity (REPE) …

In the current environment, investors are increasingly asking: does real estate offer enough
return to warrant the risk? In particular, do investors really understand the increased risk they …

In this study, we investigate long- and short-run synchronicity of the US-focused non-core
real estate private equity (REPE) fund indices in relation to direct real estate (RE) and non-real …

This study investigates performance persistence across real estate private equity funds. We
apply a combination of non-parametric and parametric tests to assess the relationship …

… I am also grateful to Professor Nori Gerardo Lietz for her valuable feedback and suggestions.
I would like to extend my thanks to Preqin for providing me with the data and materials for …