今天小编给大家分享一道CFA一级中的题目，希望可以给大家在做CFA题目的过程中一些帮助！
Which of the following real estate investing strategies is most likely to focus on modest redevelopment or upgrades, the leasing of vacant space, and the repositioning of underlying properties to earn a higher return?
A Core-plus
B Value-add
C Opportunistic
解析：
A.Incorrect because core-plus strategies will also accept slightly higher risks derived from non-core markets and sectors or properties with slightly more leasing risk. Non-core properties include large sectors with different risk profiles, such as hotels and nursing homes. Assets in secondary and tertiary markets and such niches as student housing, self-storage, and data centers are also considered non-core.
B.Correct because value-add investments may require modest redevelopment or upgrades, the leasing of vacant space, or repositioning the underlying properties to earn a higher return than core properties.
C.Incorrect because opportunistic investing accepts the much higher risks of development, major redevelopment, repurposing of assets, taking on large vacancies, and speculating on significant improvement in market conditions.
