ARTICLE REVIEW

Article Review

Article Review

Part A: Overview of Article

Real estate is of growing significance in the asset distribution of institutional investors. As direct real estate investments are very management intensive and need a great deal of market know how, institutional investors are shifting more and more of their real estate investments to indirect forms. There are two general forms of indirect real estate investing, listed and non-listed. Especially in the second case agency problems increase for the investors, as only very limited data is available to compare different investment options, there are no quick exit options and so far no benchmarks exist ...