Maurer, Raimond; Reiner, Frank; Rogalla, Ralph - 2003
, the well-known problems of direct real-estate investments complicate becoming well-diversified with this investment class …. Indirect real-estate investments can provide a solution to this problem. Shares of real-estate investment companies are very … a special investment company, acting as a trustee, invests it in real estate. Thus, the individual investors are …