Hartzell, Jay C.; Mühlhofer, Tobias; Titman, Sheridan D. - In: Real Estate Economics 38 (2010) 1, pp. 121-154
While real estate investment trusts (REITs) have experienced very high growth rates over the past 15 years, the growth in mutual funds that invest in REITs has been even more dramatic. REIT mutual fund returns are typically presented relative to the return on a simple value-weighted REIT index....