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 …

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 …

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 …

Returns on real estate investments have been examined from many historical perspectives.
This study provides a comprehensive review of the real estate investment literature …

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 …

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 …

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 …

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 …

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 …

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 …