A random walk down main street [electronic resource] can experts predict returns on commercial real estate?

Ling, David

A random walk down main street can experts predict returns on commercial real estate? [electronic resource] - 2007

Discusses the notion that commercial real estate markets show persistent inefficiencies that can be exploited by superior investment managers. Reports that superior return performance, using a market timing strategy to buy and sell real estate securities, may not be possible once transaction costs are incorporated.


UNITED STATES