We survey the properties of commercial real estate (CRE) as an asset class. We first
illustrate its importance relative to the US economy and to other asset classes. We then …

Real and private-value assets—defined here as the sum of real estate, infrastructure,
collectibles, and noncorporate business equity—compose an investment class worth an …

We provide evidence that private equity (PE) fund managers manipulate returns to cater to
their investors. Using a large dataset of PE real estate funds, we show PE fund managers …

Ample literature builds on the notion that real estate values boost corporate secured
borrowing (“collateral channel”). A comprehensive contract-level database allows us to …

The initial structure of real estate investment trusts (REITs) was predicated on real estate as
a long-hold asset that would benefit from an ownership structure that fosters property …

While the empirical evidence on the pricing of flood risk exposure in residential real estate
held by uninformed households is mixed, this study shows that sophisticated investors in …

There is an estimated $60–100 trillion of commercial property in use worldwide, $12–16
trillion of which is located in the United States (US)(LaSalle Investment Management, 2018; …

This study examines the asset–stock liquidity relationship for firms with location‐specific
assets. Using a sample of real estate investment trusts (REITs), we extend the concept of …

We use the introduction of Seattle's local minimum wage to investigate the geographic
effects of highly-targeted, city-level minimum wages on establishment entry and exit …

In this paper we analyze market segmentation by firm size in the commercial real estate
transaction process. Using novel micro-level data, we look at the probability distribution of …