by Maarten van der Spek | Nov 23, 2022 | Media
For #realestate investors in 2023, #employment trends will be more important than interest rates in predicting returns, according to Maarten van der Spek Ph.D., the founder of Spek Advisory FZE and a Macrobond customer. “Employment growth affects both income and...
by Maarten van der Spek | Jun 17, 2020 | Research Papers
Abstract: Although fees in real estate are important for investors and fund managers, they have received little attention in the finance literature. In this paper, I examine fee structures for private equity real estate funds from an investor’s perspective. Fee...
by Maarten van der Spek | Aug 4, 2017 | Research Papers
Abstract: This paper analyzes the risk return profile of real estate debt. Using a Monte Carlo simulation model, different debt layers (mezzanine and senior) are analyzed and compared to real estate investments. The results clearly show that senior debt is not heavily...
by Maarten van der Spek | Jul 17, 2017 | Research Papers
Abstract: Over the past decades, the European institutional non-listed real estate fund market has matured into an investment category that consists of almost 340 funds, representing well over 200 billion euro of gross asset value. In this paper, we use the Global...
