Analysis of the Characteristics of Individual Investors in Real Estate Securities and Income‐Producing Property

Rajendra K. Srivastava, Hans R. Isakson, Linda L Price, Thomas H. McInish

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Analysis of the responses to a nationwide survey of investors demonstrates that individuals who invest in real estate differ in a predictable way from those who invest in assets other than real estate. Two types of real estate investment vehicles are studied: income‐producing (rental) property and real estate securities. A multiple group discriminant analysis model is presented which successfully classifies prospective investors into four groups (owners of income property only, real estate securities only, both, neither) with a predictive accuracy more than double the chance probability of correct classification. The results provide insights useful in policy analysis and the design and marketing of real estate investments.

Original languageEnglish (US)
Pages (from-to)521-541
Number of pages21
JournalReal Estate Economics
Volume12
Issue number4
DOIs
StatePublished - 1984
Externally publishedYes

Fingerprint

Individual investors
Real estate
Investors
Real estate investment
Predictive accuracy
Owners
Marketing
Income
Discriminant analysis
Assets
Policy analysis

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics

Cite this

Analysis of the Characteristics of Individual Investors in Real Estate Securities and Income‐Producing Property. / Srivastava, Rajendra K.; Isakson, Hans R.; Price, Linda L; McInish, Thomas H.

In: Real Estate Economics, Vol. 12, No. 4, 1984, p. 521-541.

Research output: Contribution to journalArticle

Srivastava, Rajendra K. ; Isakson, Hans R. ; Price, Linda L ; McInish, Thomas H. / Analysis of the Characteristics of Individual Investors in Real Estate Securities and Income‐Producing Property. In: Real Estate Economics. 1984 ; Vol. 12, No. 4. pp. 521-541.
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