Thoughts on risk number 10: Incorporating skill
Real estate is a real asset class and managers [...]
Thoughts on risk number 9: Can we really know what risk is?
The key fund characteristics determining risk can be measured [...]
Thoughts on risk number 8: is yield an indicator of risk?
Assuming that the market is efficiently priced, pricing [...]
Thoughts on risk number 7: Many scorecards of risk include vacancy as a component, but does a vacant unit contribute to higher or lower risk?
To answer the question, we need to consider the [...]
Thoughts on risk number 6: if the market was efficiently priced…
Return drivers can vary enormously across individual properties, e.g., [...]
Thoughts on risk number 5: It’s a black box
Maths is complicated. However, many things are complicated that [...]
Thoughts on risk number 4: Can you use past returns to measure risk?
‘You cannot use past returns to measure risk’ is [...]
Thoughts on risk number 3: what return is required?
Several common themes have emerged when we have worked [...]
Thoughts on risk number 2: what’s expected?
Several common themes have emerged when we have worked [...]
Thoughts on risk Number 1: Two types of risk.
Several common themes have emerged when we have worked [...]