Current Search: modern portfolio theory (x)
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Title
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OPTIMAL INVESTMENT STRATEGIES USING MULTI-PROPERTY COMMERCIAL REAL ESTATE: ANALYSIS OF PRE/POST HOUSING BUBBLE.
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Creator
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Kundiger, Kyle, Frye, Melissa, University of Central Florida
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Abstract / Description
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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...
Show moreThis 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.
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Date Issued
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2012
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Identifier
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CFH0004296, ucf:44935
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Format
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Document (PDF)
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PURL
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http://purl.flvc.org/ucf/fd/CFH0004296
