International records / OpenAlex research

EVALUATING MANAGERS DIVERSIFICATION OF REAL ESTATE PORTFOLIOS: EVIDENCE FROM NIGERIA

While there is evidence on the effectiveness of diversifying real estate portfolio geographically, or by property type, there is lack of empirical evidence to justify whether diversification of managers is worth pursuing. This study produces evidence on the effectiveness of diversifying by managers and property types. The study collected data on capital and annual rental values from three (3) main Property Investment and Development Companies in Lagos Metropolis, Nigeria. From the data so collected, annual total returns (IRR), on residential properties, for a period of between 1997 and 2001 on…