48
Views
25
CrossRef citations to date
0
Altmetric
Research Articles

Characteristics of German Real Estate Return Distributions: Evidence from Germany and Comparison to the U.S. and U.K.

, &
Pages 59-76 | Published online: 18 Jun 2020

  • Barkham, R. and D. Geltner, Unsmoothing British Valuation-Based Returns Without Assuming an Efficient Market, Journal of Property Research, 1994, 11:2, 81-95. Unsmoothing British Valuation-Based Returns Without Assuming an Efficient Market Journal of Property Research 11 81 95
  • Benjamin, J. D., G. S. Sirmans and E. N. Zietz, Returns and Risk on Real Estate and Other Investments: More Evidence, Journal of Real Estate Portfolio Management, 2001, 7:3, 183-214. Returns and Risk on Real Estate and Other Investments: More Evidence Journal of Real Estate Portfolio Management 7 183 214
  • Blundell, R. and C. W. R. Ward, Property Portfolio Allocation: A Multifactor Model, Land Development Studies, 1987, 4, 145-56. Property Portfolio Allocation: A Multifactor Model Land Development Studies 4 145 56
  • Brown, G. and G. Matysiak, Sticky valuations, Aggregation Effects and Property Indices, Journal of Real Estate Finance and Economics, 2000, 20:1, 49-66. Sticky valuations, Aggregation Effects and Property Indices Journal of Real Estate Finance and Economics 20 49 66
  • Byrne, P. and S. Lee, Real Estate Portfolio Analysis Under Conditions of Non-Normality: The Case of NCREIF, Journal of Real Estate Portfolio Management, 1997, 3, 37-46. Real Estate Portfolio Analysis Under Conditions of Non-Normality: The Case of NCREIF Journal of Real Estate Portfolio Management 3 37 46
  • Collett, D., C. Lizieri and C. Ward, Timing and the Holding Periods of Institutional Real Estate, Real Estate Economics, 2003, 31:2, 205-22. Timing and the Holding Periods of Institutional Real Estate Real Estate Economics 31 205 22
  • Crogel, J. B. and J. A. deRoos, Recovery of Real Estate Returns for Portfolio Allocation, Journal of Real Estate Finance and Economics, 1999, 18:3, 279-96. Recovery of Real Estate Returns for Portfolio Allocation Journal of Real Estate Finance and Economics 18 279 96
  • Dawdy, D. R. and N. C. Matalas, Statistical and Probability Analysis of Hydrologic Data, Part III: Analysis of Variance, Covariance and Time-series, In V. T. Chow (Ed.), Handbook of Applied Hydrology, A Compendium of Water-Resources Technology, New York, NY: McGraw-Hill, 1964. Statistical and Probability Analysis of Hydrologic Data
  • Downie, M. L., K.-W. Schulte and M. Thomas, Germany, In A. Adair, et al. (Eds.), European Valuation Practice: Theory and Technique, London et al.: E & FN Spon, 1996.
  • Eun, C. and B. G. Resnick, Exchange Rate Uncertainty, Forward Contracts, and International Portfolio Selection, Journal of Finance, 1988, 43, 197-215. Exchange Rate Uncertainty, Forward Contracts, and International Portfolio Selection Journal of Finance 43 197 215
  • Eun, C. and B. G. Resnick, International Diversification of Investment Portfolios: U.S. and Japanese Perspectives, Management Science, 1994, 40, 140-61. International Diversification of Investment Portfolios: U.S. and Japanese Perspectives Management Science 40 140 61
  • Fama, E. F. and W. Schwert, Asset Returns and Inflation, Journal of Financial Economics, 1977, 5, 115-46. Asset Returns and Inflation Journal of Financial Economics 5 115 46
  • Firstenberg, P. M., S. A. Ross and R. C. Zisler, Real Estate: The Whole Story, Journal of Portfolio Management, 1988, 22-34. Real Estate: The Whole Story Journal of Portfolio Management 22 34
  • Fisher, J., D. Gatzlaff, D. Geltner and D. Haurin, Controlling for the Impact of Variable Liquidity in Commercial Real Estate Price Indices, Real Estate Economics, 2003, 31:2, 269-303. Controlling for the Impact of Variable Liquidity in Commercial Real Estate Price Indices Real Estate Economics 31 269 303
  • Fisher, J. D., D. M. Geltner and R. B. Webb, Value Indices of Commercial Real Estate: A Comparison of Index Construction Methods, Journal of Real Estate Finance and Economics, 1994, 9, 137-64. Value Indices of Commercial Real Estate: A Comparison of Index Construction Methods Journal of Real Estate Finance and Economics 9 137 64
  • Fisher, J., M. Miles and R. B. Webb, How Reliable are Commercial Property Appraisals? Another Look, Real Estate Finance, 1999, 16:3, 9-15. How Reliable are Commercial Property Appraisals? Another Look Real Estate Finance 16 9 15
  • Fletcher, S., Commercial Real Estate Investments and Returns: A Review of Literature Using CREF Data, In A. Schwartz and S. Kapplin (Eds.), Alternative Ideas in Real Estate Investment, Dordrecht and Boston: Kluwer Academic Publishers, 1995. Commercial Real Estate Investments and Returns: A Review of Literature Using CREF Data, In A. Schwartz and S. Kapplin (Eds.)
  • Gatzlaff, D. H., Excess Returns, Inflation and the Efficiency of the Housing Market, Journal of the American Real Estate and Urban Economics Association, 1994, 22, 553-81. Excess Returns, Inflation and the Efficiency of the Housing Market Journal of the American Real Estate and Urban Economics Association 22 553 81
  • Geltner, D. M., Estimating Real Estate's Systematic Risk from Aggregated Level Appraisal-Based Returns, Journal of the American Real Estate and Urban Economics Association, 1989, 17, 463-81. Estimating Real Estate's Systematic Risk from Aggregated Level Appraisal-Based Returns Journal of the American Real Estate and Urban Economics Association 17 463 81
  • Geltner, D. M., Temporal Aggregation in Real Estate Return Indices, Journal of the American Real Estate and Urban Economics Association, 1993a, 21:2, 141-66. Temporal Aggregation in Real Estate Return Indices Journal of the American Real Estate and Urban Economics Association 21 141 66
  • Geltner, D. M., Estimating Market Values from Appraised Values without Assuming an Efficient Market, Journal of Real Estate Research, 1993b, 8:3, 325-45. Estimating Market Values from Appraised Values without Assuming an Efficient Market Journal of Real Estate Research 8 325 45
  • Geltner, D. M., Appraisal Smoothing: The Other Side of The Story—A Comment, Working paper, University of Cincinnati, 1999.
  • Geltner, D. M., B. D. MacGregor and G. M. Schwann, Appraisal Smoothing and Price Discovery in Real Estate Markets, Urban Studies, 2003, 40:5/6, 1047-64. Appraisal Smoothing and Price Discovery in Real Estate Markets Urban Studies 40 1047 64
  • Goetzmann, W. and K. G. Rouwenhorst, Global Real Estate Markets—Cycles and Fundamentals, Working paper, Bradford Case, Yale University, 1999.
  • Graff, R. A., A. Harrington and M. S. Young, The Shape of Australian Real Estate Return Distributions and Comparisons to the United States, Journal of Real Estate Research, 1997, 14:3, 291-308. The Shape of Australian Real Estate Return Distributions and Comparisons to the United States Journal of Real Estate Research 14 291 308
  • Hartzell, D., J. S. Hekman and M. E. Miles, Real Estate Returns and Inflation, Journal of the American Real Estate and Urban Economics Association, 1987, 15, 617-37. Real Estate Returns and Inflation Journal of the American Real Estate and Urban Economics Association 15 617 37
  • Hartzell, D., J. S. Hekman and M. E. Miles, Diversification Categories in Investment Real Estate, Journal of the American Real Estate and Urban Economics Association, 1986, 14, 230-54. Diversification Categories in Investment Real Estate Journal of the American Real Estate and Urban Economics Association 14 230 54
  • Kallberg, J. G., C. H. Liu and D. W. Greig, The Role of Real Estate in the Portfolio Allocation Process, Real Estate Economics, 1996, 24:3, 359-77. The Role of Real Estate in the Portfolio Allocation Process Real Estate Economics 24 359 77
  • Lai, T.-Y. and K. Wang, Appraisal Smoothing: The Other Side of the Story, Real Estate Economics, 1998, 26:3, 511-35. Appraisal Smoothing: The Other Side of the Story Real Estate Economics 26 511 35
  • Longin, F. and B. Solnik, Extreme Correlation of International Equity Markets, Journal of Finance, 2001, 56:2, 649-76. Extreme Correlation of International Equity Markets Journal of Finance 56 649 76
  • Maitland-Smith, J. and C. Brooks, Threshold Autoregressive and Markov Switching Models: An Application to Commercial Real Estate, Journal of Property Research, 1999, 16, 1-20. Threshold Autoregressive and Markov Switching Models: An Application to Commercial Real Estate Journal of Property Research 16 1 20
  • Malevergne, Y. and D. Sornette, Investigating Extreme Dependencies: Concepts and Tools, Working paper, University of Nice, 2002.
  • Maurer, R. and F. Reiner, International Asset Allocation with Real Estate Securities in a Shortfall Risk Framework: The Viewpoint of German and U.S. Investors, Journal of Real Estate Portfolio Management, 2002, 8:1, 27-43. International Asset Allocation with Real Estate Securities in a Shortfall Risk Framework: The Viewpoint of German and U.S. Investors Journal of Real Estate Portfolio Management 8 27 43
  • Maurer, R. and S. Sebastian, Inflation Risk Analysis of European Real Estate Securities, Journal of Real Estate Research, 2002, 24:1, 47-77. Inflation Risk Analysis of European Real Estate Securities Journal of Real Estate Research 24 47 77
  • Maurer, R., S. Sebastian and T. G. Stephan, Immobilienindizes im Portfolio-Management, Deutsche Gesellschaft für Versicherungsmathematik (Ed.), Investmentmodelle für das Asset-Liability-Modeling für Versicherungsgesellschaften, 2000.
  • Maurer, R. and T. G. Stephan, Immobilien-Rendite-Benchmark für deutsche Fonds, Die Bank, 1995.
  • Miles, M. and T. McCue, Commercial Real Estate Returns, Journal of the American Real Estate and Urban Economics Association, 1984, 12, 335-77. Commercial Real Estate Returns Journal of the American Real Estate and Urban Economics Association 12 335 77
  • Myer, F. C. N. and J. R. Webb, Statistical Properties of Returns: Financial Assets Versus Commercial Real Estate, Journal of Real Estate Finance and Economics, 1994, 8:3, 267-82. Statistical Properties of Returns: Financial Assets Versus Commercial Real Estate Journal of Real Estate Finance and Economics 8 267 82
  • Newell, G. and J. R. Webb, Assessing Risk for International Real Estate Investments, Journal of Real Estate Research, 1996, 11:2, 103-15. Assessing Risk for International Real Estate Investments Journal of Real Estate Research 11 103 15
  • Norman, E. J., G. S. Sirmans and J. D. Benjamin, The Historical Environment of Real Estate Returns, Journal of Real Estate Portfolio Management, 1995, 1:1, 1-24. The Historical Environment of Real Estate Returns Journal of Real Estate Portfolio Management 1 1 24
  • Ross, S. A. and R. Zisler, Risk and Return in Real Estate, Journal of Real Estate Finance and Economics, 1991, 4, 175-90. Risk and Return in Real Estate Journal of Real Estate Finance and Economics 4 175 90
  • Sirmans, G. S. and C. F. Sirmans, The Historical Perspective of Real Estate Returns, Journal of Portfolio Management, 1987, 13:3, 22-31. The Historical Perspective of Real Estate Returns Journal of Portfolio Management 13 22 31
  • Stevenson, S., International Real Estate Diversification: Empirical Tests Using Hedged Indices, Journal of Real Estate Research, 2000, 19:1, 105-31. International Real Estate Diversification: Empirical Tests Using Hedged Indices Journal of Real Estate Research 19 105 31
  • Thomas, M., Income Approach versus Ertragswertverfahren, Grundstücksmarkt und Grundstückswert, 1995, 6:1, 35-8; 6:2, 82-90. Income Approach versus Ertragswertverfahren Grundstücksmarkt und Grundstückswert 6 35 8
  • Young, M. S., Equity Real Estate Returns: Comparisons of the Russell-NCREIF Index, Journal of Property Management, 1994, 59:2, 56-9. Equity Real Estate Returns: Comparisons of the Russell-NCREIF Index Journal of Property Management 59 56 9
  • Young, M. S. and R. A. Graff, Real Estate is Not Normal: A Fresh Look at Real Estate Return Distributions, Journal of Real Estate Finance and Economics, 1995, 10:3, 225-59. Real Estate is Not Normal: A Fresh Look at Real Estate Return Distributions Journal of Real Estate Finance and Economics 10 225 59

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.