Risk reduction and real estate portfolio size

Lee, S. L. and Byrne, P. J., (1999) Risk reduction and real estate portfolio size. Working Papers in Land Management & Development. 08/99. Working Paper. University of Reading, Reading. pp16.

Abstract/Summary

Despite a number of papers that discuss the advantages of increased size on risk levels in real estate portfolios there is remarkably little empirical evidence based on actual portfolios. The objective of this paper is to remedy this deficiency by examining the portfolio risk of a large sample of actual property data over the period 1981 to 1996. The results show that all that can be said is that portfolios of properties of a large size, on the average, tend to have lower risks than small sized portfolios. More importantly portfolios of a few properties can have very high or very low risk.

Item Type	Report (Working Paper)
URI	https://reading-clone.eprints-hosting.org/id/eprint/27246
Divisions	Henley Business School > Real Estate and Planning
Uncontrolled Keywords	Risk Reduction, Portfolio Size
Publisher	University of Reading
Publisher Statement	The copyright of each working paper remains with the author. If you wish to quote from or cite any paper please contact the appropriate author; in some cases a more recent version of the paper may have been published elsewhere.
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