A Liquid Benchmark for Private Real Estate

Research Paper
January 15, 2015
Preview
Commercial real estate represents an important element of the asset allocation process but is difficult to access directly, with high barriers to entry and exit. Listed (or publicly held) real estate is far more liquid but these securities are far more volatile and incorporate an additional layer of leverage. Indexes tracking direct and listed real estate differ significantly in their calculation methodologies, making direct comparisons difficult. The MSCI USA IMI Liquid Real Estate Index seeks to provide the best of both worlds: an investable index with a risk and return profile of direct real estate and the liquidity of listed real estate. Read the Spotlight

Read the full paper

Provide your information for instant access to our research papers.

The content of this page is for informational purposes only and is intended for institutional professionals with the analytical resources and tools necessary to interpret any performance information. Nothing herein is intended to recommend any product, tool or service. For all references to laws, rules or regulations, please note that the information is provided “as is” and does not constitute legal advice or any binding interpretation. Any approach to comply with regulatory or policy initiatives should be discussed with your own legal counsel and/or the relevant competent authority, as needed.