Benchmarking real estate investment performance: the application of real estate indices. (includes related article on pension-fund measurement)(part ... article from: Journal of Property Management

This digital document is an article from Journal of Property Management, published by Institute of Real Estate Management on May 1, 1998. The length of the article is 2341 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Benchmarking and performance measurement has become a major issue in the management of real estate investments by pension funds. One factor for this is the dismal performance of pension funds' real estate investments. Another is the perception that benchmarking and performance measurement for real estate is less developed than those for other asset types. There are four commonly used benchmarks used by pension funds, which applies only to private real estate investments and not to publicly traded investments. The four are indices, statistical universe/peer group comparisons, normal portfolio/portfolio opportunity distributions, and risk-adjusted performance measures. The most recommendable are real estate security indexes although the others should also be used.

Citation Details
Title: Benchmarking real estate investment performance: the application of real estate indices. (includes related article on pension-fund measurement)(part two)
Author: Kevin J. Maxwell
Publication:Journal of Property Management (Refereed)
Date: May 1, 1998
Publisher: Institute of Real Estate Management
Volume: v63 Issue: n3 Page: p64(5)

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