The accurate determination of operating costs and the knowledge of significant influential factors on these costs are crucial foundations for a holistic assessment of planning alternatives during the life cycle of real estate. The quantitative approach of the research study is based on empirical...

This paper seeks to increase the understanding of the performance implications for investors who choose to combine an unlisted real estate portfolio (in this case German Spezialfonds) with a (global) listed real estate element. We call this a “blended” approach to real estate allocations....