What is it about?
The strong investment performance of residential J-REITs has been validated as an attractive investment asset co-existing alongside the major asset classes in institutional investor portfolios in a Japan context, with desirable portfolio diversification benefits with both stocks and bonds for institutional investors seeking portfolio diversifying in Japan.
Featured Image
Why is it important?
The study is the first study to assess the effectiveness of residential J-REITs, via assessing the significance, risk-adjusted performance and portfolio diversification benefits of residential J-REITs and their role in a mixed-asset portfolio context in Japan. This research enables more informed and practical property investment decision making regarding the value-added and strategic role of residential J-REITs.
Perspectives
With the highest ratio of residential REITs to the composite REITs by market capitalisation, residential J-REITs has been seen as an effective and liquid residential property investment exposure in Japan, as well as an increasingly institutionalised property sector going forward.
Yu-Cheng Lin
University of New South Wales
Read the Original
This page is a summary of: The significance of residential REITs in Japan as an institutionalised property sector, Journal of Property Investment & Finance, July 2019, Emerald,
DOI: 10.1108/jpif-03-2019-0036.
You can read the full text:
Contributors
The following have contributed to this page
