Abstract

Citations (1)

Beta

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

Jack Clark Francis
Baruch College - Zicklin School of Business

Roger G. Ibbotson
Yale School of Management

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 Classifications: G12, G11, G21, L85

Accepted Paper Series

Date posted: October 16, 2001 ; Last revised: April 05, 2009

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

Export to: Export Citation What's this?

Contact Information

Jack Clark Francis (Contact Author) Baruch College - Zicklin School of Business ( email ) One Bernard Baruch Way New York, NY 10010 United States 646-312-3462 (Phone) 203-359-6478 (Fax)
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)

Abstract

Citations (1)

Date posted: October 16, 2001 ; Last revised: April 05, 2009

Suggested Citation

Contact Information

Jack Clark Francis (Contact Author)

Roger G. Ibbotson