Brad Case Ph.D., CAIA, is senior vice president of research and industry information for NAREIT, the National Association of Real Estate Investment Trusts (www.reit.com).
Areas of Expertise: real estate, alternative investments
Brad Case, Ph.D., CAIA, is senior vice president, research and industry information, at the National Association of Real Estate Investment Trusts (NAREIT). He is responsible for conducting original research on real estate investing through REITs in institutional and individual investment portfolios. He also assists in managing NAREIT’s sponsored research agenda, and he monitors and facilitates REIT-related research by independent academics.
Dr. Case has authored numerous magazine and journal articles on a variety of topics, including the current market situation in historical perspective, REITs and real estate as inflation hedges, diversification and risk-adjusted performance of REITs relative to other assets, relative performance of REITs and direct real estate, long-term return distributions, lead/lag relationships between REIT returns and direct property values, and correlations and volatilities of REITs and non-REIT stocks.
Dr. Case previously was an economist with the Board of Governors of the Federal Reserve System in Washington, D.C., where he researched movements in both commercial and residential property values and proposed changes in the regulatory treatment of commercial and residential mortgage lending by banks and other financial institutions. He is an editor of the academic journals Real Estate Economics and Journal of Housing Economics. He earned his Ph.D. in economics from Yale University. He is also a holder of the Chartered Alternative Investment Analyst (CAIA) designation. The CAIA program educates professionals in the skills needed to develop and manage institutional-quality portfolios of traditional and alternative investments.
Articles by this Author
Portfolio Strategies »
Real estate investment trusts (REITs) offer diversification benefits relative to stocks, with correlations decreasing over time.
January 2012 | Journal