Abstract

  
 

Citations



 


 



Empirical Risk-Return Analysis of Real Estate Investments in
the U.S., 1972-1999


Jack Clark Francis


Bernard Baruch College

Roger G. Ibbotson


Yale School of Management; Zebra Capital Management, LLC
2001

Journal of Alternative Investments

Abstract:     
This article reviews the empirical risk and return statistics from physical real estate and financial real estate investments made in the U.S. over the period 1972-1999. It includes income, capital appreciation, and total returns from business, residential, and farm real estate, as well as REIT equity and mortgages. These investments are compared to U.S. stocks, bonds, inflation, and other asset categories. The advantages and disadvantages of investing in the real estate are enumerated.

Keywords: Real Estate

JEL Classification: G12, G11, G21, L85

Accepted Paper Series


Date posted: October 16, 2001  

Suggested Citation

Francis, Jack Clark and Ibbotson, Roger G., Empirical Risk-Return Analysis of Real Estate Investments in the U.S., 1972-1999 (2001). Journal of Alternative Investments. Available at SSRN: http://ssrn.com/abstract=286765

Contact Information

Jack Clark Francis (Contact Author)
Bernard Baruch College ( email )
One Bernard Baruch Way
New York, NY 10010
United States
646-312-3462 (Phone)
203-359-6478 (Fax)
HOME PAGE: http://JCFrancis.com
Roger G. Ibbotson
Yale School of Management ( email )
135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States
203-432-6021 (Phone)
203-432-6970 (Fax)
Zebra Capital Management, LLC ( email )
612 Wheelers Farms Road
Milford, CT 06461
United States
Feedback to SSRN (Beta)


Paper statistics
Abstract Views: 5,372

© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright
This page was processed by apollo2 in 0.578 seconds