The book "Lower Partial Moment-Capital Asset Pricing Model" offers a comprehensive analysis of the LPM-CAPM, which has gained significance in recent years, particularly in the context of the global financial crisis. It represents the first in-depth investigation of the relevance of the LPM-CAPM, also known as Downside Beta, for Australian listed real estate funds. By combining theoretical foundations with extensive empirical evidence, the application of the model is explained in detail. The book is divided into four main parts that examine the theoretical advantages of the LPM-CAPM, demonstrate the practical application of the model using empirical data, explain the significance of the model through a comprehensive survey of real estate fund managers, and provide an overview of global REITs. This unique and timely study is aimed at professionals and students who wish to develop a deeper understanding of modern pricing models in the real estate sector.