Assessment of Polish real estate funds liquidated at planned dates
DOI:
https://doi.org/10.29015/cerem.290Keywords:
real estate mutual funds, profitability of real estate funds, efficiency of investment fund managementAbstract
Aim: The purpose of this article is to assess the efficiency of management of real estate funds by managers and profitability of funds.
Design / Research methods: The study used elements of financial analysis and case studies.
Conclusions / findings: The results of the survey indicate the low yields of the real estate funds surveyed (only one fund brought profits to the investors, the remaining 5 losses) and the low efficiency of the managers and the high cost-of-operation of the real estate funds. The research has shown the low effectiveness of investment strategies and business models that require changes and other solutions.
Originality / value of the article: The study covered the real estate funds that were liquidated or liquidated started in the managerial terms, which allows to assess the effectiveness of managers at every stage of life funds. The research is a continuation of the author's earlier research. According to author's knowledge, no similar studies have been published so far.References
Jurek-Maciak M. (2007), Bezpośrednie i pośrednie sposoby inwestowania na rynku nieruchomości, „Studia i Materiały Towarzystwa Naukowego Nieruchomości”, vol. 15, no. 3-4, s. 93-102.
Leszczuk A. (2011), Fundusze nieruchomości, [w:] Inwestycje finansowe, red. K. Perez, U. Ziarko-Siwek, CeDeWu, Warszawa, s. 33-45.
Marcinkowska M. (2007), Ocena działalności instytucji finansowych, Difin, Warszawa.
Trzebiński A. A. (2013), Ocena sprawności zarządzania publicznymi funduszami nieruchomości w okresie 2006-2012, [w:] Gospodarka, Technologia, Społeczeństwo. Metody poszukiwań naukowych młodych ekonomistów, red. T. Wanat, Polskie Towarzystwo Ekonomiczne Oddział
w Poznaniu, Poznań, s. 13-24.
Trzebiński A. A. (2015), Publiczne fundusze nieruchomości w Polsce, CeDeWu, Warszawa.
Ustawa z dnia 27 maja 2004 r. o funduszach inwestycyjnych, Dz.U., 2004, Nr 146, poz. 1546 z pózn. zm.
Downloads
Additional Files
Published
Issue
Section
License
The aim of CEREM is to make scientific work available in accordance with the principle of open access. The rules mentioned below are important, as they enable CEREM and its publisher, the WSB Merito University in Wroclaw, to distribute the scientific work to a wide public while complying with specific legal requirements, at the same time protecting the rights of the authors.
The author transfers to the WSB Merito University in Wroclaw, free of charge and without territorial limitations, with all proprietary copyrights to the said piece of work in the understanding of the act of 4th February 1994 on copyrights and derivative rights (Journal of Laws of 1994, no. 24, item 83, as amended) on an exclusivity basis, i.e. the rights to:
1. Make the piece of work in question available via the Digital Library established by the WSB Merito University in Wroclaw.
2. Produce, record and reproduce in multiple copies the piece of work using any techniques whatsoever, including printing, reprography, magnetic recording and digital processing, and particularly its reproduction by recording on CDs and similar data carriers,
3. Use fragments of the piece of work for promotional purposes in publications, promotional materials, the Internet and Intranet type networks managed by the WSB Merito University in Wroclaw.
4. Store the piece of work into computer databases managed by the WSB Merito University in Wroclaw.
5. Copy and reproduce the piece of work using photo-mechanic technologies other than those commonly known at the time of the signature hereof (photocopies, Xerox copies etc.),
6. Process the piece of work, transferring it into an electronic form, and distribute it on the Internet without limitations.
