"Alternative Investments":Real estate investment trust fund
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Questions 1:
Illiquidity is most likely a major concern when investing in:
A、 real estate investment trusts.
B、 private equity.
C、 commodities.
Questions 2:
A real estate investor looking for equity exposure in the public market is most likely to invest in:
A 、real estate limited partnerships.
B 、shares of real estate investment trusts.
C 、collateralized mortgage obligations.
B is correct. Once a commitment in a private equity fund has been made, the investor has very limited liquidity options.
C is incorrect. The majority of commodity investments are implemented through derivatives, so liquidity is not a major concern.
A is incorrect. Real estate investment trusts are publicly listed, so liquidity is not a major concern.
B is correct. Shares in real estate investment trusts are publicly traded and represent an equity investment in real estate.
A is incorrect. Real estate limited partnerships are an example of a private real estate investment.
C is incorrect. A collateralized mortgage obligation is an example of debt-based exposure to real estate.
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