International real estate investments by US pension and endowment funds
Name
59760789-MIT.pdf
Description
Full printable version
Size
413.83 KB
Format
Adobe PDF
Checksum (MD5)
442caeeec2a765f34ed530dbc7e5b2b3
Author(s)
Mullins, Michael J., 1975-
Advisor(s)
David Geltner.
Date Issued
2004
Publisher
Massachusetts Institute of Technology
Abstract
The last decade has seen a renewed interest and resurgence in private IRE investments by US institutional investors. Pension Plan Sponsors and Endowment Funds have sought out foreign real estate to accomplish a variety of goals, such as increased diversification, higher returns, and the pursuit of unique investment opportunities. This thesis attempts to shed light on the current state of IRE investing by such investors. The paper begins with a review of published and unpublished literature on the subject, followed by analysis of an investor survey conducted by the author. A total of 14 Pension Fund Plan Sponsors, Endowment Fund managers, Pension Fund Consultants, Fund Managers, and Investment Managers participated in the study. The results of the survey describe what the current investment practices of US institutional investors are, what reasoning is behind those practices, and what their future investment plans are. The last portion consists of conclusions about these findings and a discussion of future trends in IRE investing may emerge as a result.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2004.
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
Includes bibliographical references (leaves 55-56).
Subjects
Urban Studies and Planning.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
Terms of Use
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