Advanced search
Publication Cover
Journal of Real Estate Portfolio Management Volume 18, 2012 - Issue 3
Submit an article Journal homepage
13
Views
0
CrossRef citations to date
0
Altmetric
Research Articles

Real Estate and Alternative Asset Allocations of U.S. Firms' Defined Benefit Pension Plans

Karen Eilers LaheyThe University of Akron, Akron, OH 44325-4803
,
Aigbe AkhigbeThe University of Akron, Akron, OH 44325-4803
,
Melinda NewmanThe University of Akron, Akron, OH 44325-4803
&
T. Leigh AnensonUniversity of Maryland, College Park, MD 20742-1815
Pages 273-287 | Published online: 18 Jun 2020

  • Anenson, T.L. and K. Lahey. The Crisis in Corporate American- Private Pension Liability and Proposals for Reform. University of Pennsylvania Journal of Labor and Employment Law, 2007, 9:3, 495-531. The Crisis in Corporate American- Private Pension Liability and Proposals for Reform University of Pennsylvania Journal of Labor and Employment Law 9 495 531
  • Chun, G.H., B.A. Ciochetti, and J.D. Shilling. Pension Plan Real Estate Investment in an Asset/ Liability Framework. Real Estate Economics, 2000, 28:3, 467-91. Pension Plan Real Estate Investment in an Asset/ Liability Framework Real Estate Economics 28 467 91
  • Ciochetti, B.A., J. Sa-Aadu, and J.D. Shilling. Determinants of Real Estate Asset Allocations in Private and Public Pension Plans. Journal of Real Estate Finance and Economics, 1999, 19:3, 193-210. Determinants of Real Estate Asset Allocations in Private and Public Pension Plans Journal of Real Estate Finance and Economics 19 193 210
  • Clayton, J., J. Gordon, F. Fabozzi, S.M. Giliberto, Y. Liang, and S. Hudson-Wilson. Real Estate Comes of Age. The Journal of Portfolio Management, Special Issue, 2007, 15-26. Real Estate Comes of Age The Journal of Portfolio Management 15 26
  • Craft, T.M. The Role of Private and Public Real Estate in Pension Plan Portfolio Allocation Choices. Journal of Real Estate Portfolio Management, 2001, 7:1, 17-23. The Role of Private and Public Real Estate in Pension Plan Portfolio Allocation Choices Journal of Real Estate Portfolio Management 7 17 23
  • Craft, T.M. Impact of Pension Plan Liabilities on Real Estate Investment. The Journal of Portfolio Management, Special Issue, 2005, 23-31. Impact of Pension Plan Liabilities on Real Estate Investment The Journal of Portfolio Management 23 31
  • Employment Retirement Income Security Act of 1974. ERISA, P.L. 93-406.
  • Ennis, R.M. and P. Burik. Pension Fund Real Estate Investment Under a Simple Equilibrium Pricing Model. Financial Analysts Journal, 1991, May/June, 20-30. Pension Fund Real Estate Investment Under a Simple Equilibrium Pricing Model Financial Analysts Journal 20 30
  • FASB 158. Financial Statements Accounting Board. www.fasb.org/pdf/fas158.pdf. www.fasb.org/pdf/fas158.pdf
  • Firstenberg, P.M., S.A. Ross, and R.C. Zisler. Real Estate: The Whole Story. The Journal of Portfolio Management, 1988, 14, 22-34. Real Estate: The Whole Story The Journal of Portfolio Management 14 22 34
  • GAO 08-200. “Hedge Funds: Regulators and Market Participants Are Taking Steps to Strengthen Market Discipline, but Continued Attention Is Needed”, (Washington D.C.), Jan. 24, 2008.
  • GAO 08-692. Defined Benefit Pension Plans: Guidance Needed to Better Inform Plans of the Challenges and Risks of Investing in Hedge Funds and Private Equity. Washington D.C., Aug. 14, 2008.
  • GAO 08-885. Private Equity: Recent Growth in Leveraged Buyouts Exposed Risks That Warrant Continued Attention. Washington D.C., Sept. 9, 2008.
  • GAO 10-915T. Defined Benefit Pension Plans: Plans Face Valuation and Other Challenges When Investing in Hedge Funds and Private Equity. Washington D.C., July 20, 2010.
  • Hartzell, D., J. Hekman, and M. Miles. Diversification Categories in Investment Real Estate. Journal of the American Real Estate and Urban Economics Association, 1986, 14:2, 230-54. Diversification Categories in Investment Real Estate Journal of the American Real Estate and Urban Economics Association 14 230 54
  • Ibbotson, R.G. and L.B. Siegel. Real Estate Returns: A Comparison with Other Investments. Journal of the American Real Estate and Urban Economics Association, 1984, 12:3, 219-42. Real Estate Returns: A Comparison with Other Investments Journal of the American Real Estate and Urban Economics Association 12 219 42
  • Kraft, E.M., A.B. Fosbre, and N.M. Davila-Aponte. The Broken Promise of Pension Funds. Global Journal of Business Research, 2007, 1:2, 55-63. The Broken Promise of Pension Funds Global Journal of Business Research 1 55 63
  • Mueller, A.G. and G.R. Mueller. Public and Private Real Estate in a Mixed-Asset Portfolio. Journal of Real Estate Portfolio Management, 2003, 9:3, 193-203. Public and Private Real Estate in a Mixed-Asset Portfolio Journal of Real Estate Portfolio Management 9 193 203
  • Peyton, M.S. and F. Lotito. Real Estate: The Classic Diversifying Asset. Real estate white paper, TIAA-CREF Asset Management, 2nd Quarter, 2006.
  • Purcell, P.J. and K. Kinneen. The Pension Benefit Guaranty Corporation's New Investment Policy. Journal of Pension Planning & Commerce, 2009, 35:1, 1-21. The Pension Benefit Guaranty Corporation's New Investment Policy Journal of Pension Planning & Commerce 35 1 21
  • Sa-Aadu, J., J. Shilling, and A. Tiwari. On the Portfolio Properties of Real Estate in Good Times and Bad Times. Real Estate Economics, 2010, 38:3, 529-65. On the Portfolio Properties of Real Estate in Good Times and Bad Times Real Estate Economics 38 529 65
  • Sharpe, W.F. Asset Allocation. J.L. Maginn and D.L. Tuttle (eds.). In: Managing Investment Portfolios. Second edition. Boston, MA: Warren, Gorham & Lamont, 1990. Managing Investment Portfolios
  • The Pension Protection Act of 2006. PPA, P.L. 109-280. U.S. Census Bureau., 2010, http://www.census.gov/eos/www/naics/. http://www.census.gov/eos/www/naics/
  • Webb, J.R. and J.H. Rubens. How Much in Real Estate? A Surprising Answer. Journal of Portfolio Management, 1987, 13, 10-14. How Much in Real Estate? A Surprising Answer Journal of Portfolio Management 13 10 14
  • Ziering, B.A. and W. McIntosh. Revising the Case for Including Real Estate in a Mixed-Asset Portfolio. Journal of Real Estate Finance, 1997, 14, 14-22. Revising the Case for Including Real Estate in a Mixed-Asset Portfolio Journal of Real Estate Finance 14 14 22
  • Ziobrowski, B.J. and A.J. Ziobrowski. Higher Real Risk and Mixed-Asset Portfolio Performance. Journal of Real Estate Portfolio Management, 1997, 3, 107-15. Higher Real Risk and Mixed-Asset Portfolio Performance Journal of Real Estate Portfolio Management 3 107 15

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:

Order Reprints Request Corporate Permissions

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:

Request Academic Permissions

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.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.