- CFA Exams
- CFA Exam: Level II 2021
- Study Session 15. Alternative Investments
- Reading 39. Private Real Estate Investments
- Subject 1. Basic forms of real estate investments
CFA Practice Question
Which form is an INDIRECT real estate investment?
B. Publicly traded equity.
C. Private debt.
A. Private equity.
B. Publicly traded equity.
C. Private debt.
Correct Answer: B
For example, an investor may purchase shares of a REIT that owns the real estate property.
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