Return Patterns of German Open-End Real Estate Funds

Return Patterns of German Open-End Real Estate Funds PDF Author: Sebastian Michael Gläsner
Publisher: Peter Lang
ISBN: 9783631604069
Category : Business & Economics
Languages : en
Pages : 132

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Book Description
The aim of this study is to better understand stable capital growth of German properties and to contribute to the explanation of stable fund returns. In the course of the investigation, evidence is found that both phenomena are interrelated. All analyses are based on publicly available data; therefore they are not limited by client interests. Results show three different pieces of evidence on return smoothing, namely the influence on valuation, the timing of valuations, and the influence on returns resulting in return differences by calendar months. Together with the notion of internationally uniquely stable returns, it seems impossible to extract true asset volatility from the observed appraisal-based time series.

Return Patterns of German Open-End Real Estate Funds

Return Patterns of German Open-End Real Estate Funds PDF Author: Sebastian Michael Gläsner
Publisher: Peter Lang
ISBN: 9783631604069
Category : Business & Economics
Languages : en
Pages : 132

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Book Description
The aim of this study is to better understand stable capital growth of German properties and to contribute to the explanation of stable fund returns. In the course of the investigation, evidence is found that both phenomena are interrelated. All analyses are based on publicly available data; therefore they are not limited by client interests. Results show three different pieces of evidence on return smoothing, namely the influence on valuation, the timing of valuations, and the influence on returns resulting in return differences by calendar months. Together with the notion of internationally uniquely stable returns, it seems impossible to extract true asset volatility from the observed appraisal-based time series.

Open-End Real Estate Funds in Germany

Open-End Real Estate Funds in Germany PDF Author: Christina E. Bannier
Publisher:
ISBN:
Category :
Languages : en
Pages : 44

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Book Description
Open-end real estate funds are of particular importance in the German bank- dominated financial system. However, recently the German open-end fund industry came under severe distress which triggered a broad discussion of required regulatory interventions. This paper gives a detailed description of the institutional structure of these funds and of the events that led to the crisis. Furthermore, it applies recent banking theory to openend real estate funds in order to understand why the open-end fund structure was so prevalent in Germany. Based on these theoretical insights we evaluate the various policy recommendations that have been raised.

Understanding German Real Estate Markets

Understanding German Real Estate Markets PDF Author: Tobias Just
Publisher: Springer
ISBN: 3319320319
Category : Business & Economics
Languages : en
Pages : 496

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Book Description
In this book, experts discuss how German real estate values have remained stable throughout the financial crisis, even though transaction volumes have been very volatile since 2005. Consequently, risk-averse national and international investors have started to invest in virtually all German real estate asset classes. This book tries to answer what has made the German real estate markets more resilient to shocks than many European real estate markets by analyzing the economic, regulatory and demographic environment. In 30 well-structured chapters, experts from both the academic and professional world analyze structural and current issues of German real estate markets. Readers will get a deep understanding of what makes the German real estate market special and where potential opportunities and threats in Europe’s largest real estate market exist.

Real Estate Investments in Germany

Real Estate Investments in Germany PDF Author: Michael Mütze
Publisher: Springer Science & Business Media
ISBN: 3540721789
Category : Law
Languages : en
Pages : 376

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Book Description
The German real estate market is in motion. Single real estates as well as parts of real estate portfolios are still projected and brought to the market to a great extent. In addition, the ownerships of big real estate portfolios are changing. In the light of this situation, this book guides foreign investors and project developers through the legal, tax and economical requirements for real estate investments in Germany in a practical manner.

Germany Real Estate Yearbook 2009

Germany Real Estate Yearbook 2009 PDF Author:
Publisher: Real Estate Publishers BV
ISBN: 9077997342
Category :
Languages : en
Pages : 340

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Book Description


Germany Real Estate Yearbook 2010

Germany Real Estate Yearbook 2010 PDF Author:
Publisher: Real Estate Publishers BV
ISBN: 9077997466
Category :
Languages : en
Pages : 212

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Book Description


Europe Real Estate Yearbook 2005

Europe Real Estate Yearbook 2005 PDF Author: Marinus Dijkman
Publisher: Real Estate Publishers BV
ISBN: 9789080776173
Category : Business & Economics
Languages : en
Pages : 652

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Book Description
The Europe Real Estate Yearbook 2005 places commercial property in a financial context. It seeks to bridge the gap between the world of real estate development and the world of indices. With the aim to create a more transparent market, it presents analyses of European property funds, round table discussions with investors and developers, interviews with industry leaders, Whos Who and a European Index.Europe Real Estate is published in co-operation with RICS, EPRA, IPD, GPR, INREV, AFIRE, ULI, CoreNet and GRI.Special featuresCRE and RICS are Bridging an OceanHines: Follow the marketsEPRA goes from strength to strengthPortrait of architect Mario BottaINREV crusading for non-listed transparencyMan of the Year: Jan Doets, ING Real EstateUBS about REITS and listed real estateProf. Dr. S. Eijffinger: Europe integrates through the backdoorRICS: President Barry Gilbertson about IFRSIPD: Rupert Nabarro about 20 years of IPDICSC: serving shopping center professionalsEPC: interview with Hans MartensRound table: Central and Eastern EuropeEditors choice: Real Estate Fund for schools in AfghanistanAn overview of the major real estate developments in EuropeIndustry Trends: the expert opinionFinancial Pages featuring the 100 biggest listed real estate funds

Germany Real Estate Yearbook 2007

Germany Real Estate Yearbook 2007 PDF Author: Andreas Schiller
Publisher: Real Estate Publishers BV
ISBN: 9077997091
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
Germany Real Estate Yearbook 2007 contains over 250 pages of extensive information about major real estate projects in Germany, the top market players and industry trends. It also includes German decision-makers, corporate stories. a Who's Who section with personal and company profiles and the German Real Estate Index. This book is linked to its website www.germany-re.com.

Real Estate Investment Trusts in Europe

Real Estate Investment Trusts in Europe PDF Author: Ramón Sotelo
Publisher: Springer Science & Business Media
ISBN: 3642368565
Category : Business & Economics
Languages : en
Pages : 242

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Book Description
Shortly before of the beginning of the global financial crisis of 2008 REITs were introduced in several European countries based on their success in mature markets like the US, Australia and some Asian countries. While the history of REITs in Europe has been relatively brief, REITs are well on the way to become an industry standard as a real estate investment financial vehicle not only in Europe but throughout the developed world. This book provides both academics and decision makers an introduction to the economics of REITs beyond tax transparency, an overview of the mature REITs markets, and a closer reflection of the development of different REIT-structures in Europe including the history, regulation and markets of each country.

Germany Real Estate Yearbook 2011

Germany Real Estate Yearbook 2011 PDF Author:
Publisher: Real Estate Publishers BV
ISBN: 9077997539
Category :
Languages : en
Pages : 229

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Book Description