Presents the methodology for designing, creating and maintaining aperformance index of properties held in institutional portfolios.Illustrates the technique using the Russell Canadian Property IndexRCPI. Notes that it can be used for asset allocation and performancemeasurement purposes. Concludes that the introduction of real estateindices to institutional investors allocation and evaluation frameworkswill assist in promoting and entrenching this asset class as a necessarycomponent of any pension portfolio.
Journal of Property Valuation and Investment – Emerald Publishing
Published: Jan 1, 1992