Winter 2001/2002, Vol 26, No 4
Abstract: Conventional financial wisdom suggests that a portfolio of investments can diversify, and thereby reduce, overall risk. If not managed properly, though, the process of diversifying a real estate portfolio could actually create an overall level of risk greater than the sum of its component parts. From the author’s perspective as both a lawyer and real property broker, the purpose of this article is to highlight general considerations for assembling such a portfolio as well as specific strategies to reduce such aggregation risk.