RT Journal Article SR Electronic T1 Empirical Risk-Return Analysis of Real Estate Investments in the U.S., 1972–1999 JF The Journal of Alternative Investments FD Institutional Investor Journals SP 33 OP 39 DO 10.3905/jai.2001.318996 VO 4 IS 1 A1 Jack Clark. Francis A1 Roger G Ibbotson YR 2001 UL https://pm-research.com/content/4/1/33.abstract AB This article reviews empirical risk and return statistics from physical real estate and financial real estate investments made in the U.S. Twenty-seven years of returns from various categories of U.S. real estate are compared and contrasted with concurrent U.S. returns from bonds, gold, silver, common stocks, commodities, and the rate of inflation.