Techniques and Challenges in Developing Property Indices
Journal of Property Valuation and Investment
Article publication date: 1 January 1992
Presents the methodology for designing, creating and maintaining a performance index of properties held in institutional portfolios. Illustrates the technique using the Russell Canadian Property Index (RCPI). Notes that it can be used for asset allocation and performance measurement purposes. Concludes that the introduction of real estate indices to institutional investors′ allocation and evaluation frameworks will assist in promoting and entrenching this asset class as a necessary component of any pension portfolio.
Brennan, L. (1992), "Techniques and Challenges in Developing Property Indices", Journal of Property Valuation and Investment, Vol. 10 No. 1, pp. 389-404. https://doi.org/10.1108/14635789210031055
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