International Journal of Social Science & Economic Research
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Title:
AN EMPIRICAL EVALUATION OF THE PROPERTY TYPE DIVERSIFICATION STRATEGY FOR REAL ESTATE INVESTMENT TRUSTS

Authors:
Cem Berk


Volume - 2 Issue - 7, Pages - 3903-3915

Abstract:
The goal of this paper is to investigate whether and how it is possible to generate property type diversification benefits in real estate portfolios. For the period 1997-2016, daily log returns of REITs from 5 different segments which are quoted in NYSE are used for this purpose. According to the findings of the study, there are two way Granger causality between Equity Residential and Boston Properties Inc. and Boston Properties Inc. and Federal Realty Investment Trust. Therefore to obtain property type diversification benefits, real estate portfolios should not include office and residential segment and office and retail segment simultaneously.

Cite this Article:

[Berk, Cem. "AN EMPIRICAL EVALUATION OF THE PROPERTY TYPE DIVERSIFICATION STRATEGY FOR REAL ESTATE INVESTMENT TRUSTS." International Journal of Social Science & Economic Research 2.7 (2017): 3903-915.]

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