Diversification issues in real estate investment
Real estate asset management has been and will continue to be a topic of great interest.
Specifically, does real estate warrant inclusion in an efficient portfolio? And if so, how much …
Specifically, does real estate warrant inclusion in an efficient portfolio? And if so, how much …
Smoothing in appraisal-based returns
DM Geltner - The Journal of Real Estate Finance and Economics, 1991 - Springer
This article presents a conceptual analysis of smoothing in the second moments of appraisal-
based returns series in commercial real estate. The intent of the article is to lay the …
based returns series in commercial real estate. The intent of the article is to lay the …
The accuracy of real estate indices: Repeat sale estimators
WN Goetzmann - The Journal of Real Estate Finance and Economics, 1992 - Springer
Simulation techniques allow us to examine the behavior and accuracy of several repeat
sales regression estimators used to construct real estate return indices. We show that the …
sales regression estimators used to construct real estate return indices. We show that the …
The historical environment of real estate returns
E Norman, S Sirmans, J Benjamin - Journal of Real Estate Portfolio …, 1995 - Taylor & Francis
Returns on real estate investments have been examined from many historical perspectives.
This study provides a comprehensive review of the real estate investment literature …
This study provides a comprehensive review of the real estate investment literature …
A longitudinal examination of the appraisal smoothing hypothesis
J Diaz III, ML Wolverton - Real Estate Economics, 1998 - Wiley Online Library
Appraisal smoothing, the reduced variability of real estate return series, has been attributed
to appraisers being influenced by their own previous value estimates. This hypothesis is …
to appraisers being influenced by their own previous value estimates. This hypothesis is …
Unit roots and structural change: an application to US house price indices
G Canarella, S Miller, S Pollard - Urban Studies, 2012 - journals.sagepub.com
This paper employs time-series analysis to investigate the price dynamics of the house price
indices included in the S&P/Case–Shiller Composite10 index and the validity of the 'ripple …
indices included in the S&P/Case–Shiller Composite10 index and the validity of the 'ripple …
Real estate valuation: the effect of market and property cycles
W Born, S Pyhrr - Journal of Real estate research, 1994 - Taylor & Francis
Traditional real estate valuation models stabilize cash flow variables in a single-or multi-year
pro forma, assume efficient markets, and impute property return/risk expectations into a …
pro forma, assume efficient markets, and impute property return/risk expectations into a …
Interactions between property and equity markets: An investigation of linkages in the United Kingdom 1972–1992
C Lizieri, S Satchell - The Journal of Real Estate Finance and Economics, 1997 - Springer
Two strands of real estate research—that concerned with the relationships between
securitized real estate and the underlying market and that dealing with the role of property in …
securitized real estate and the underlying market and that dealing with the role of property in …
An investigation into the impact of previous expert value estimates on appraisal judgment
J Diaz - Journal of Real Estate Research, 1997 - Taylor & Francis
Is appraisal judgment influenced by the previous value estimates of other experts? This
paper documents an investigation into this question. The literatures on appraisal smoothing …
paper documents an investigation into this question. The literatures on appraisal smoothing …
REIT advisor performance
JS Howe, JD Shilling - Real Estate Economics, 1990 - Wiley Online Library
In this article, we examine whether the performance of real estate investment trusts (REITs)
is correlated with advisor type. Seven categories of advisors are used in the analysis. All …
is correlated with advisor type. Seven categories of advisors are used in the analysis. All …