TY - CHAP
T1 - The Real Estate Investment Market
T2 - The Current State and Why Advances Are Needed
AU - Lindquist, W. Brent
AU - Rachev, Svetlozar T.
AU - Hu, Yuan
AU - Shirvani, Abootaleb
N1 - Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
PY - 2022
Y1 - 2022
N2 - Even more than the Great Recession, the COVID-19 pandemic has severely tested the assumptions on which many real estate models are based. This chapter vividly illustrates this through quotes from financial news publications. These news articles address the potentially irreversible changes in financial and social systems that impact real estate investing, providing the motivation for the central topics addressed in this book: portfolio optimization, backtesting, risk management, option pricing to enable hedging strategies, and the incorporation of ESG considerations into real estate investing. Critically, these topics are presented under a unified rational finance framework, solely in the context of the real estate investment market, using model portfolios of REIT-based assets.
AB - Even more than the Great Recession, the COVID-19 pandemic has severely tested the assumptions on which many real estate models are based. This chapter vividly illustrates this through quotes from financial news publications. These news articles address the potentially irreversible changes in financial and social systems that impact real estate investing, providing the motivation for the central topics addressed in this book: portfolio optimization, backtesting, risk management, option pricing to enable hedging strategies, and the incorporation of ESG considerations into real estate investing. Critically, these topics are presented under a unified rational finance framework, solely in the context of the real estate investment market, using model portfolios of REIT-based assets.
UR - http://www.scopus.com/inward/record.url?scp=85142057571&partnerID=8YFLogxK
U2 - 10.1007/978-3-031-15286-3_1
DO - 10.1007/978-3-031-15286-3_1
M3 - Chapter
AN - SCOPUS:85142057571
T3 - Dynamic Modeling and Econometrics in Economics and Finance
SP - 1
EP - 12
BT - Dynamic Modeling and Econometrics in Economics and Finance
PB - Springer Science and Business Media Deutschland GmbH
ER -