IDEAS home Printed from https://ideas.repec.org/a/taf/repmxx/v24y2018i1p51-64.html
   My bibliography  Save this article

Time Variation in the Allocation to Real Estate Assets through the Life Cycle

Author

Listed:
  • Michael E. Drew
  • Adam N. Walk
  • Jason West

Abstract

We investigate the performance of allocations to public and private real estate using dynamic retirement portfolio strategies. Our approach frames asset allocation decisions to real estate with the primary objective of maximizing retirement outcomes. The main innovation in this paper is that allocations to listed and unlisted real estate are formally incorporated into a dynamic framework that can be implemented by defined contribution (DC) retirement plans. We demonstrate that the time-variant characteristics of real estate as an asset class can be systematically exploited to improve the risk-return trade-offs in retirement portfolios through the lifecycle of a DC plan member.

Suggested Citation

  • Michael E. Drew & Adam N. Walk & Jason West, 2018. "Time Variation in the Allocation to Real Estate Assets through the Life Cycle," Journal of Real Estate Portfolio Management, Taylor & Francis Journals, vol. 24(1), pages 51-64, January.
    • Handle: RePEc:taf:repmxx:v:24:y:2018:i:1:p:51-64
    DOI: 10.1080/10835547.2018.12090006
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10835547.2018.12090006
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10835547.2018.12090006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:repmxx:v:24:y:2018:i:1:p:51-64. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/repm20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.