{"id":"https://openalex.org/W2005311053","doi":"https://doi.org/10.3905/jpm.2005.593885","title":"Impact of Pension Plan Liabilities on Real Estate Investment","display_name":"Impact of Pension Plan Liabilities on Real Estate Investment","publication_year":2005,"publication_date":"2005-09-30","ids":{"openalex":"https://openalex.org/W2005311053","doi":"https://doi.org/10.3905/jpm.2005.593885","mag":"2005311053"},"language":"en","primary_location":{"id":"doi:10.3905/jpm.2005.593885","doi":"https://doi.org/10.3905/jpm.2005.593885","is_oa":false,"landing_page_url":"https://doi.org/10.3905/jpm.2005.593885","pdf_url":null,"source":{"id":"https://openalex.org/S143806524","display_name":"The Journal of Portfolio Management","issn_l":"0095-4918","issn":["0095-4918","2168-8656"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320662","host_organization_name":"Euromoney Institutional Investor","host_organization_lineage":["https://openalex.org/P4310320662"],"host_organization_lineage_names":["Euromoney Institutional Investor"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Portfolio Management","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/A5030315901","display_name":"Timothy M. Craft","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I39587148","display_name":"Wichita State University","ror":"https://ror.org/00c4e7y75","country_code":"US","type":"education","lineage":["https://openalex.org/I39587148"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Timothy M. Craft","raw_affiliation_strings":["An assistant professor of finance, real estate, and decision sciences in the Barton School of Business at Wichita State University in Wichita, KS. timothy.craft@wichita.edu"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"An assistant professor of finance, real estate, and decision sciences in the Barton School of Business at Wichita State University in Wichita, KS. timothy.craft@wichita.edu","institution_ids":["https://openalex.org/I39587148"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5030315901"],"corresponding_institution_ids":["https://openalex.org/I39587148"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.35900794,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"31","issue":"5","first_page":"23","last_page":"31"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.5853999853134155,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.5853999853134155,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.06650000065565109,"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"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0649000033736229,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/real-estate-investment","display_name":"real estate investment","score":0.9390000104904175},{"id":"https://openalex.org/keywords/public-real-estate","display_name":"public real estate","score":0.8330000042915344},{"id":"https://openalex.org/keywords/private-real-estate","display_name":"private real estate","score":0.9959999918937683},{"id":"https://openalex.org/keywords/mean-variance-model","display_name":"mean-variance model","score":0.8420000076293945}],"concepts":[{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.7743165493011475},{"id":"https://openalex.org/C2780899237","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension","level":2,"score":0.6614019274711609},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5861226916313171},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.5684143900871277},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5666560530662537},{"id":"https://openalex.org/C112136304","wikidata":"https://www.wikidata.org/wiki/Q5035804","display_name":"Capitalization rate","level":4,"score":0.540863037109375},{"id":"https://openalex.org/C2991981721","wikidata":"https://www.wikidata.org/wiki/Q156223","display_name":"Pension plan","level":3,"score":0.5402429103851318},{"id":"https://openalex.org/C2777834853","wikidata":"https://www.wikidata.org/wiki/Q96776939","display_name":"Liability","level":2,"score":0.5323011875152588},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5297343134880066},{"id":"https://openalex.org/C2776505523","wikidata":"https://www.wikidata.org/wiki/Q4785468","display_name":"Plan (archaeology)","level":2,"score":0.5073809027671814},{"id":"https://openalex.org/C106803007","wikidata":"https://www.wikidata.org/wiki/Q4736525","display_name":"Alternative asset","level":4,"score":0.4889916181564331},{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.4797298014163971},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.47320932149887085},{"id":"https://openalex.org/C139819358","wikidata":"https://www.wikidata.org/wiki/Q462748","display_name":"Asset allocation","level":3,"score":0.46266746520996094},{"id":"https://openalex.org/C2776825616","wikidata":"https://www.wikidata.org/wiki/Q4348624","display_name":"Private pension","level":3,"score":0.4511626362800598},{"id":"https://openalex.org/C154527381","wikidata":"https://www.wikidata.org/wiki/Q5174759","display_name":"Cost approach","level":4,"score":0.44792672991752625},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.42818695306777954},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3546408414840698},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.1403423547744751},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.136323481798172},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.05796501040458679},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.3905/jpm.2005.593885","doi":"https://doi.org/10.3905/jpm.2005.593885","is_oa":false,"landing_page_url":"https://doi.org/10.3905/jpm.2005.593885","pdf_url":null,"source":{"id":"https://openalex.org/S143806524","display_name":"The Journal of Portfolio Management","issn_l":"0095-4918","issn":["0095-4918","2168-8656"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320662","host_organization_name":"Euromoney Institutional Investor","host_organization_lineage":["https://openalex.org/P4310320662"],"host_organization_lineage_names":["Euromoney Institutional Investor"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Portfolio Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":14,"referenced_works":["https://openalex.org/W1976670164","https://openalex.org/W1995474736","https://openalex.org/W2015839102","https://openalex.org/W2016022846","https://openalex.org/W2016642827","https://openalex.org/W2023782967","https://openalex.org/W2046232607","https://openalex.org/W2167747878","https://openalex.org/W2172391035","https://openalex.org/W2176746952","https://openalex.org/W2193707244","https://openalex.org/W2290731217","https://openalex.org/W4252519795","https://openalex.org/W4255355711"],"related_works":["https://openalex.org/W7100847099","https://openalex.org/W2294531309","https://openalex.org/W1565280252","https://openalex.org/W2395535337","https://openalex.org/W3133146078","https://openalex.org/W7161937258","https://openalex.org/W4413963002","https://openalex.org/W2167747878","https://openalex.org/W116186420","https://openalex.org/W2271528564"],"abstract_inverted_index":{"Typical":[0],"mean\u2013variance":[1],"models":[2],"estimate":[3],"pension":[4,24],"plan":[5,25],"allocations":[6,30,55,64],"to":[7,31,41,56,65,71],"public":[8,35,59,72],"and":[9,34,58],"private":[10,33,57,66],"real":[11,36,60,67,73],"estate":[12,37,68],"as":[13,15],"high":[14],"50%":[16],"or":[17],"even":[18],"higher.":[19],"An":[20],"asset/liability":[21],"model":[22],"of":[23],"decision\u2013making":[26],"predicts":[27],"much":[28],"lower":[29],"both":[32],"that":[38],"are":[39],"closer":[40],"what":[42],"we":[43],"actually":[44],"observe.":[45],"Pension":[46],"plans":[47],"in":[48],"different":[49,53],"industries":[50],"can":[51],"have":[52],"optimal":[54],"estate.":[61,74],"Industry":[62],"influences":[63],"more":[69],"than":[70]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":2}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}
