MacGregor, Bryan DSchulz, RainerZhao, Yuan2021-08-212021-08-212021-10-01MacGregor, B D, Schulz, R & Zhao, Y 2021, 'Performance and Market Maturity in Mutual Funds : Is Real Estate Different?', The Journal of Real Estate Finance and Economics, vol. 63, pp. 437–492. https://doi.org/10.1007/s11146-020-09787-00895-5638SCOPUS: 85089725657ORCID: /0009-0000-5741-9070/work/147045355https://hdl.handle.net/2164/16973We are grateful for helpful comments from David Ling, Jeff DiBartolomeo, Scott Robertson, Martin Wersing, and seminar participants at the Humboldt-Universit¨at zu Berlin and conference participants at the American Real Estate Society annual conference in Phoenix, Arizona, 2019. Financial support from the Deutsche Forschungsgemeinschaft SFB649 is gratefully acknowledged. Finally, we would like to thank the anonymous reviewer for helpful comments that have enabled us to strengthen the paper. The usual disclaimer applies. Open Access via Springer Compact Agreement561326162engmutual fund performance evaluationfalse discovery raterisk-factor modelreal estateHD28 Management. Industrial ManagementHG FinanceEconomics and EconometricsAccountingFinanceUrban StudiesSupplementary DataHD28HGJournal article10.1007/s11146-020-09787-0http://www.scopus.com/inward/record.url?scp=85089725657&partnerID=8YFLogxK63