Winter 1978, Vol 3, No 2

Abstract: Real estate as an investment medium offers certain distinctive advantages which have been well known for some time. Associated with these advantages are certain diversification, management, and liquidity problems not associated with alternative types of investments. This article explores commingled real estate funds as a mechanism for offering clients the distinctive advantages of real estate investment without many of the normally attendant problems. Specifically, the article deals with commercial banks operating commingled funds and focuses on the banks’ investment criteria. The investment counselor should be aware of the requirements of these new and potentially very significant participants in the real estate investment marketplace.