Thoughts on Risk
Thoughts on risk number 12: Liquidity
The liquidity of a property is the capacity to be able to “immediately exchange [...]
Thoughts on Risk number 11: Past is not a guide to future performance
The risk of a real estate fund cannot be measured using the historic series [...]
Thoughts on risk number 10: Incorporating skill
Real estate is a real asset class and managers have an influence on both [...]
Thoughts on risk number 9: Can we really know what risk is?
The key fund characteristics determining risk can be measured objectively: leverage, market weights, number [...]
Thoughts on risk number 8: is yield an indicator of risk?
Assuming that the market is efficiently priced, pricing adjusts to equalise risk-adjusted expected [...]
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 context: are we interested in [...]