AN EMPIRICAL EVALUATION OF THE PROPERTY TYPE
DIVERSIFICATION STRATEGY FOR REAL ESTATE INVESTMENT
Volume - 2 Issue - 7, Pages - 3903-3915
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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