The Evolution of Pension Fund Real Estate Portfolio Diversification Strategies
December 1995, Vol 20, No 3 Abstract: The article reviews the historical development of diversification strategies within the real estate sector and describes the factors influencing the further evolution of real estate investment strategies for institutional investors. Also included is information on areas of current investment and/or interest by pension fund investors, such as private real… Read more
Institutional Real Estate Investors Confront the Frayed-Collar Economy
December 1995, Vol 20, No 3 Abstract: The American economy is in the midst of a long term transition from a middle income to lower income society. The frayed-collar economy will have profound impacts on American real estate and institutional real estate preferences. New real estate investment products will emerge as core and others will lose… Read more
How the Federal Regulation Cycle Affects the Real Estate Industry
December 1995, Vol 20, No 3 Abstract: The authors describe the Federal Regulation Cycle within the context of why pressure is increasing from the U.S. Congress and the U.S. Supreme Court to reinvent government and to create regulations for a new property rights doctrine. The broad scope of federal laws and regulations impacting the real estate… Read more
Governments & Real Estate: Shaping the Future
August 1995, Vol 20, No 2 Abstract: This article examines the role of real estate within local government and vice versa, and presents the results of the 1993 survey of local governments conducted by The Counselors of Real Estate. It also identifies how local governments must become more pro-active in real estate affairs, shaping rather than… Read more
Flat Tax: Slanted Against Real Estate
August 1995, Vol 20, No 2 Abstract: In the purest form of a flat tax, itemized deductions are repealed, such as the home mortgage interest and property tax deductions. Thus, debt-financed activities are dicouraged. Since real estate activities are generally highly leveraged, they tend to suffer under a flat tax system as compared to current law…. Read more
Downtowns Emerging in New Forms
August 1995, Vol 20, No 2 Abstract: Retail and office development continues to show a growing affinity for suburban locations and will play a relatively less prominent role in America's downtowns. This article describes how new measures of success in balancing commerce with culture, leisure, government, specialty shopping and celebration will emphasize downtown's role as a true community focal point. Read More