Measuring risk in real estate is difficult for several reasons. First, because there is not a widely accepted risk measurement unit with real estate (unlike stocks and bonds that have standardized metrics), it’s difficult to compare different investment options. Another reason measuring risk is difficult is because macroeconomic events have different impacts on real estate investments depending on the property type and location of the investment. Despite this difficulty, there are actionable steps real estate investors can take to help manage their overall risk.