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

By: Language: English Publication details: 2007Subject(s): Online resources: Summary: 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.

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.