Call for Papers
Special Real Estate Issue of The Journal of Portfolio Management

The Pension Real Estate Association (PREA) announces a call for papers for the 2013 Special Real Estate issue of the Journal of Portfolio Management, published by Institutional Investor. This will be the sixth special issue of JPM sponsored by PREA and devoted entirely to the investment characteristics of real estate and its fundamental drivers. All submitted manuscripts must be original work that has not been submitted for inclusion in another form such as another journal, magazine, or book chapter.

TOPICS: Authors are invited to submit papers on topics of interest to institutional real estate investors. Appropriate topics include, but are not limited to:
- Role of real estate in an investment portfolio
- Real estate risk-return metrics and benchmarks
- Real estate capital markets
Real estate capital flows and liquidity
- International and cross-border investment issues
- Issues of pricing, rental income, and cash flow
- Transaction costs, incentive fees and their impact on performance
- Analysis of real estate supply and demand
- CMBS and their relationship to private mortgages and the fixed-income markets
- Concerns of institutional versus individual investors
- Impact of the move from defined benefit to defined contribution pension plans
- Role of financial leverage in institutional real estate portfolios
- Commercial real estate derivatives
- Structure and performance of private equity real estate funds
- Risk management in real estate portfolios

The special issue's editors welcome papers with a variety of approaches and methodologies, but favor papers with a strong empirical content. Due to space constraints in the special issue, and a desire to concentrate on areas of research on institutional real estate investment not widely represented in other venues, the Special Real Estate Issue will not publish papers concentrating on publicly traded real estate equities such as REITs.

PAPER SUBMISSION PROCEDURE: All papers will be reviewed by the editorial board for this special issue or by individuals appointed by them. Authors should submit papers by February 1, 2013 via e-mail to Frank Fabozzi ( and Greg MacKinnon ( as both PDF and Word file attachments. The subject of the e-mail should state "JPM- RE SPECIAL ISSUE".

-Frank J. Fabozzi, Professor of Finance, EDHEC Business School
- Jim Clayton, Vice President of Research, Cornerstone Real Estate Advisers
- S. Michael Giliberto, Graduate School of Business, Columbia University
- Jacques N. Gordon, Global Investment Strategist, LaSalle Investment Management
- Youguo Liang, Managing Director of Investment Research, Prudential Real Estate Investors
- Greg MacKinnon, Director of Research, PREA
- Asieh Mansour, Head of Americas Research, CBRE

Posted 9/9/12