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OPTIMAL INVESTMENT STRATEGIES USING MULTI-PROPERTY COMMERCIAL REAL ESTATE: ANALYSIS OF PRE/POST HOUSING BUBBLE.

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Date Issued:
2012
Abstract/Description:
This paper analyzes theperformance of five commercial real estate property types (office, retail, industrial, apartment, and hotel) between 2000 and 2012 to determine the U.S. housing crisis'simpact on Real Estate investing. Under the concept of Modern Portfolio Theory, the data was analyzed using investment analysis programs to determine correlation, risk/return characteristics, and trade-offs (Sharpe ratio) as well as the optimal allocation among the individual property types. In light of the results, each property type plays a different role in investment strategies in various economic cycles. Some assets are attractive solely based onpotential return, or risk for return tradeoffs; however, through diversification, other property types play valuable roles in hedging risk on investors' target returns.
Title: OPTIMAL INVESTMENT STRATEGIES USING MULTI-PROPERTY COMMERCIAL REAL ESTATE: ANALYSIS OF PRE/POST HOUSING BUBBLE.
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Name(s): Kundiger, Kyle, Author
Frye, Melissa, Committee Chair
University of Central Florida, Degree Grantor
Type of Resource: text
Date Issued: 2012
Publisher: University of Central Florida
Language(s): English
Abstract/Description: This paper analyzes theperformance of five commercial real estate property types (office, retail, industrial, apartment, and hotel) between 2000 and 2012 to determine the U.S. housing crisis'simpact on Real Estate investing. Under the concept of Modern Portfolio Theory, the data was analyzed using investment analysis programs to determine correlation, risk/return characteristics, and trade-offs (Sharpe ratio) as well as the optimal allocation among the individual property types. In light of the results, each property type plays a different role in investment strategies in various economic cycles. Some assets are attractive solely based onpotential return, or risk for return tradeoffs; however, through diversification, other property types play valuable roles in hedging risk on investors' target returns.
Identifier: CFH0004296 (IID), ucf:44935 (fedora)
Note(s): 2012-12-01
B.S.B.A.
Business Administration, Dept. of Finance
Bachelors
This record was generated from author submitted information.
Subject(s): real estate
modern portfolio theory
investments
portfolio optimization
Persistent Link to This Record: http://purl.flvc.org/ucf/fd/CFH0004296
Restrictions on Access: public
Host Institution: UCF

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