The article discusses how to finance real estate investments while managing risk. It looks at different financial assets and derivatives needed for this, comparing the US and EU markets before and after the 2008 crisis. The key points are: 1) Sharing risk premiums fairly among funding sources based on risk, 2) Matching investment income with financial payments, and 3) Using derivatives to hedge and trade real estate risk. The study aims to answer questions about financing real estate, the role of derivatives, and how the 2008 crisis impacted financial instruments for real estate.