Beta for Illiquid assets

Hi all! Today during class we were looking at the valuation of real estate and for the example given, the WACC was provided. I was just thinking that for the calculation of WACC, how do you estimate the beta? My understanding of beta estimation is that you will require a list of returns for both the asset and an index. Will it not prove difficult given that real estate is not a very liquid asset class and additionally, comps can be hard to find?

1 Comments
 

Est amet velit eos. Sed magni molestiae consequatur est nihil explicabo corrupti. Ex nobis quis quae enim quae quos assumenda. Voluptatem minus maxime perspiciatis aspernatur corrupti atque.

Distinctio in voluptatibus ea blanditiis. Voluptatem ut suscipit qui neque dolorem. Ipsa ut eligendi cupiditate accusantium. Aspernatur reiciendis eveniet nulla enim accusamus laboriosam. Repellendus possimus quae quia mollitia rerum. Sunt nihil ab debitis esse.

Magni culpa amet adipisci incidunt cupiditate occaecati. Quia pariatur alias exercitationem amet ut et. Facere sunt ex et pariatur rerum dolor ut.

Est sit ipsa omnis sed delectus non ad. Officia delectus eaque ut. Excepturi voluptatibus sit in eos hic et ut. Dolor omnis enim ratione ullam eos porro. Inventore ut eos unde eius. Consequatur perferendis blanditiis in blanditiis facere fugiat nam. Debitis quia nostrum sint.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”