In its broadest application, a form of discretionary investment consulting which comprises elements of policy formation, manager structure and selection, and performance monitoring ...

Applies to fee structures where the amount of the fee that is charged is determined by the performance of the real estate assets under management.

Similar investments with the same inception date over the same period of time as subject; also known as an “acquisition-date cohort”.

Security or protection against a loss or other financial burden.

A variable that is manipulated or changed in a statistical model (such as regression analysis) and whose effects on a data point are measured and compared; a variable whose value i ...

An investment that is considered to protect the decreased purchasing power of a currency that results from the loss of its value due to rising prices (inflation).

The risk due to a decrease in purchasing power of assets or cash flow due to inflation; also known as “purchasing power risk”.

A measurement of portfolio returns beyond the returns of a benchmark, usually an index, compared to the volatility of those returns; often used as a measure of a portfolio manager& ...

The degree to which market prices quickly and correctly reflect information and, thus, the true value of an underlying investment.

The amount of income that an investment produces at the time of acquisition.