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Role of Real Estate in Portfolios of Pension Funds

Role of Real Estate in Portfolios of Pension Funds
Author: Filip Vančura
Publisher: LAP Lambert Academic Publishing
Total Pages: 84
Release: 2015-07-21
Genre:
ISBN: 9783659760167

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The objective of the thesis is to investigate the efficiency of pension funds' investment strategy in the Czech Republic and the adequacy of the current level of real estate investments in their portfolios. We employ Markowitz portfolio theory and construct the optimal market investment portfolio. The optimal portfolio is then compared with the portfolio of Czech pension funds and the loss arising from asset class misallocation is estimated. Besides, the comparison of portfolio structures of all current pension funds in the Czech Republic is done with the intention to detect whether they follow significantly different investment strategies or not. The analysis is done on quarterly data over the period 2000 - 2011. In the last chapter of the thesis, other sources of market inefficiency of the Czech pension funds are discussed.


Journey Towards Early Retirement Through Real Estate Investing

Journey Towards Early Retirement Through Real Estate Investing
Author: Michael Steven
Publisher: Independently Published
Total Pages: 142
Release: 2020-12-18
Genre:
ISBN:

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How to make enough passive income from your properties to retire in 10 years, even if you have zero investments today Do you want to shorten your years working a 9-to-5 job and increase the years you'll spend doing what you love, while you can still do it? Traditional wisdom advises us to keep toiling, scrimping, and saving until we finally reach the retirement age of 60, after which we can live off what we've saved and hope we die before it runs out. But what if you can hustle more today so you don't have to wait until you're a senior citizen to enjoy life's freedoms? What if you can continue making money in retirement so that you can afford to leave a significant nest egg to your children? Real estate is lauded by many financial experts as a key to building wealth. It's a reliable means of beating inflation, a tangible investment that can be leveraged and can exponentially increase its value through capital appreciation. One of the best benefits of real estate is its income-producing opportunities. There are a lot of ways real estate can make you money, from flipping, rentals, and more. You can take advantage of these opportunities to build a regular pension that will provide a steady source of income -- and replace your day job -- way sooner than it would take with stock investments. If you're willing to put in the research and the leg work, retirement can come sooner rather than later by investing smartly in real estate. Get to know the fundamentals and processes involved in starting a real estate portfolio for retirement income in this handy guide to real estate investing. In Journey Towards Early Retirement Through Real Estate Investing, you will discover: How to determine exactly how much you need in order to retire (it might not be as much as you think!) How to buy your first investment property with limited funds and minimal experience The indispensable step you should never skip when selecting an investment property, which will save you time and money down the road How you can live in your property for free while easing into the world of real estate rentals How taking out a loan and paying interest can help you save money and earn a higher return on investment How you can upgrade to a bigger and more profitable property without having to pay additional taxes 5 resourceful value-adding ideas to add significant dollars to your rental income without having to shell out more money How to shorten your mortgage by as much as 13 years, while continuing to invest in more properties And much more. Nothing worthwhile will come without some effort and commitment. Even though early retirement doesn't seem like an achievable goal right now, if you're truly serious about changing your life's trajectory, you can make it happen. There will be some lifestyle changes involved, a lot of hard work to be done, and a huge amount of patience required. But in the end, all that will be worth it to live the life you've always wanted. If you want to set yourself up for a retirement that continues to provide you with steady income, without having to work forever, then scroll up and click the "Add to Cart" button right now.


Institutional and Pension Fund Real Estate Investment

Institutional and Pension Fund Real Estate Investment
Author: Stephen P. Jarchow
Publisher: John Wiley & Sons
Total Pages: 648
Release: 1990
Genre: Business & Economics
ISBN:

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This reference work sets forth the business, legal and technical considerations for institutions and pension fund investing in real estate. Early chapters describe the US institutional real estate market and identify trends and participants, deal with investment strategy, and explore the various investment vehicles available. Middle chapters describe the tax considerations for institutional real estate investments, focusing on the Tax Reform Act of 1986, discuss public and private securities law, and examine judiciary responsibility issues for pension funds under ERISA and related laws. The final three chapters deal with partnership law and taxation, real estate investment trusts, and the advent of the foreign institutional investor.


Real Estate Within the Asset Allocation Mix

Real Estate Within the Asset Allocation Mix
Author: Waldemar Maurer
Publisher: GRIN Verlag
Total Pages: 57
Release: 2009-09
Genre: Business & Economics
ISBN: 3640430859

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Seminar paper from the year 2007 in the subject Business economics - Miscellaneous, grade: 1,3, European Business School - International University Schlo Reichartshausen Oestrich-Winkel, language: English, abstract: Constructing smart portfolios is the key goal of every investor regardless of the risk aversion. Accessible investments for investors are for instance stocks, bonds, treasury bills, and real estate. According to Seiler, Webb, and Myer (1999, p. 163) "real estate asset management has been and will continue to be a topic of great interest". In the year 1971 U.S. public real estate had a total market capitalization of US$1.4bn, while in 2006 public real estate had a market capitalization of US$438bn (National Association of Real Estate Investment Trusts NAREIT], 2007, p. 1). The U.S. private real estate index has more than tripled from US$84bn in market value in the first quarter of 2001 to US$266m in the first quarter of 2007 (National Council of Real Estate Investment Fiduciaries NCREIF],2007, p. 1. It is obvious that the real estate market has been growing incredibly and real estate has became more and more important as an investment opportunity. However, all available data on ownership of real estate show that pension funds hold 3.5% to 4.0% of their total assets in real estate (Chiochetti, SA-AADU, & Shilling, 1999, p. 193). Optimal allocation seems to be a problem. Another point is that some degree of diversification can be achieved without real estate. So why should investors hold real estate in their portfolios? Does real estate outperform stock and bond returns? What risks are linked with real estate investments? The aim of this paper is to provide the reader with a deep insight into the real estate investment discussion and to present the advantages and disadvantages of real estate in a mixed-asset portfolio. In a nutshell, at the end of this paper the reader should be able to decide, whether real estate investment is justifiable or not.


The Handbook of Real Estate Portfolio Management

The Handbook of Real Estate Portfolio Management
Author: Joseph L. Pagliari
Publisher: McGraw-Hill
Total Pages: 1256
Release: 1995
Genre: Business & Economics
ISBN:

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Spurred by the passage of ERISA in 1974, the ownership and management of commercial real estate has shifted from deal-driven entrepreneurs to strategic institutional investors. This shift, which shows little sign of abatement, has revolutionized the real estate industry, as pension funds, insurance companies, and other institutional investors continue to dominate real estate investment activities - and realize the risk-return enhancing characteristics of mixed-asset portfolios.


Pension Fund Investments in Real Estate

Pension Fund Investments in Real Estate
Author: Natalie A. McKelvy
Publisher:
Total Pages: 299
Release: 1983-01-01
Genre: Business & Economics
ISBN: 9780899300351

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The investment of pension fund money in real estate is a new field. This book describes the pension fund business for those in the real estate industry and the real estate business for those who manage pension fund assets. It attempts to explain each business to the other and how they can interact profitably. It also examines commingled real estate funds and the ways that pension fund managers can invest in property on their own.