MMP321 Lecture Notes - Lecture 10: Vornado Realty Trust, Efficient Frontier, Commercial Property
31 May 2021
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Demand for ownership of corporate real estate globally has been largely driven by: If you concentrate in australia you will cause price impact and overpay for australian property, better to spread the capital overseas). Blackwall (asx: bwr: purchase units in a pf operating in another country (hence traded in another currency). : vornado realty trust (us: vno: purchase units in a global reit or global property fund, which holds interests a in worldwide portfolio. Units price denominated in either local or overseas currency. Amp capital global property securities fund pf holds various overseas reits. E. g. more diversification benefits to investing in geelong and san diego property than with. Geelong and melbourne property: research has shown that there are advantages of improved risk/return outcomes by including international properties in a mixed asset portfolio. Fx can be very volatile, and more than property returns: usually the volatility in exchange rates is the main driver of your property returns.
