{"id":"https://openalex.org/W1584868366","doi":"https://doi.org/10.1080/10835547.1992.12090690","title":"The Allocation of Real Estate to Future Mixed-Asset Institutional Portfolios","display_name":"The Allocation of Real Estate to Future Mixed-Asset Institutional Portfolios","publication_year":1992,"publication_date":"1992-01-01","ids":{"openalex":"https://openalex.org/W1584868366","doi":"https://doi.org/10.1080/10835547.1992.12090690","mag":"1584868366"},"language":"en","primary_location":{"id":"doi:10.1080/10835547.1992.12090690","doi":"https://doi.org/10.1080/10835547.1992.12090690","is_oa":false,"landing_page_url":"https://doi.org/10.1080/10835547.1992.12090690","pdf_url":null,"source":{"id":"https://openalex.org/S52721111","display_name":"Journal of Real Estate Research","issn_l":"0896-5803","issn":["0896-5803","2691-1175"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Real Estate Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5046601658","display_name":"S. Michael Giliberto","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"S. Giliberto","raw_affiliation_strings":["Salomon Brothers Inc., New York, New York"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Salomon Brothers Inc., New York, New York","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5046601658"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.6415,"has_fulltext":false,"cited_by_count":31,"citation_normalized_percentile":{"value":0.66062265,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"7","issue":"4","first_page":"423","last_page":"432"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.4255000054836273,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11413","display_name":"Risk and Portfolio Optimization","score":0.4255000054836273,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.31690001487731934,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.11509999632835388,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/institutional-portfolios","display_name":"institutional portfolios","score":0.9539999961853027},{"id":"https://openalex.org/keywords/mixed-asset-portfolios","display_name":"mixed-asset portfolios","score":0.9779999852180481},{"id":"https://openalex.org/keywords/mean-variance-optimization","display_name":"mean-variance optimization","score":0.7210000157356262},{"id":"https://openalex.org/keywords/gross-returns","display_name":"gross returns","score":0.734000027179718},{"id":"https://openalex.org/keywords/benchmark-portfolio","display_name":"benchmark portfolio","score":0.578000009059906},{"id":"https://openalex.org/keywords/shortfall-risk","display_name":"shortfall risk","score":0.9290000200271606},{"id":"https://openalex.org/keywords/real-estate-investment","display_name":"real estate investment","score":0.4860000014305115}],"concepts":[{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.791728138923645},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.7352752089500427},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5714796185493469},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5672325491905212},{"id":"https://openalex.org/C112136304","wikidata":"https://www.wikidata.org/wiki/Q5035804","display_name":"Capitalization rate","level":4,"score":0.5352540612220764},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.52763432264328},{"id":"https://openalex.org/C139819358","wikidata":"https://www.wikidata.org/wiki/Q462748","display_name":"Asset allocation","level":3,"score":0.5242010354995728},{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.5103520750999451},{"id":"https://openalex.org/C154527381","wikidata":"https://www.wikidata.org/wiki/Q5174759","display_name":"Cost approach","level":4,"score":0.47287553548812866},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.44438064098358154},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4126695394515991},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3673372268676758},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2577942907810211},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.19438332319259644},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.08404242992401123},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/10835547.1992.12090690","doi":"https://doi.org/10.1080/10835547.1992.12090690","is_oa":false,"landing_page_url":"https://doi.org/10.1080/10835547.1992.12090690","pdf_url":null,"source":{"id":"https://openalex.org/S52721111","display_name":"Journal of Real Estate Research","issn_l":"0896-5803","issn":["0896-5803","2691-1175"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Real Estate Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:jre:issued:v:7:n:4:1992:p:423-432","doi":null,"is_oa":false,"landing_page_url":"http://pages.jh.edu/jrer/papers/pdf/past/vol07n04/v07p423.pdf","pdf_url":"http://pages.jh.edu/jrer/papers/pdf/past/vol07n04/v07p423.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":8,"referenced_works":["https://openalex.org/W595787095","https://openalex.org/W1952614310","https://openalex.org/W1965062060","https://openalex.org/W1984083540","https://openalex.org/W1984222022","https://openalex.org/W1988747351","https://openalex.org/W2092934571","https://openalex.org/W2107180921"],"related_works":["https://openalex.org/W7048827808","https://openalex.org/W2177685256","https://openalex.org/W2550892353","https://openalex.org/W2488199463","https://openalex.org/W2259224952","https://openalex.org/W1994834237","https://openalex.org/W2740706653","https://openalex.org/W2122135863","https://openalex.org/W2788911476","https://openalex.org/W2478293654"],"abstract_inverted_index":{"This":[0],"paper":[1,20],"uses":[2],"the":[3,19,41,44,54,61,75,92,101],"mean-variance":[4,102],"framework":[5],"to":[6,52,65,85],"investigate":[7],"real":[8,28,36,83,105],"estate's":[9],"role":[10],"in":[11,40,60],"an":[12],"institutional":[13],"portfolio.":[14],"Unlike":[15],"previous":[16],"research,":[17],"however,":[18,68],"does":[21],"not":[22],"assume":[23],"a":[24,86],"value":[25],"for":[26],"future":[27],"estate":[29,37,84,106],"returns.":[30],"Instead,":[31],"it":[32],"is":[33,38,50,56,89],"assumed":[34],"that":[35,49],"held":[39],"portfolio,":[42],"and":[43],"level":[45],"of":[46,81],"expected":[47],"return":[48],"needed":[51],"justify":[53],"allocation":[55],"determined.":[57],"Gross":[58],"returns":[59,70],"10%-12%":[62],"range":[63],"appear":[64],"be":[66],"sufficient;":[67],"such":[69],"are":[71,107],"considerably":[72],"greater":[73],"than":[74],"sector's":[76],"recent":[77],"performance.":[78],"The":[79],"impact":[80],"adding":[82],"benchmark":[87],"portfolio":[88],"reexamined":[90],"using":[91,100],"shortfall":[93],"risk":[94],"approach.":[95],"Finally,":[96],"several":[97],"caveats":[98],"about":[99],"technique":[103],"with":[104],"described.":[108]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2}],"updated_date":"2026-09-19T07:32:40.446753","created_date":"2016-06-24T00:00:00"}
