Geltner, David; Mei, Jianping - In: The Journal of Real Estate Finance and Economics 11 (1995) 2, pp. 119-35
A vector autoregressive model is developed for predicting cash flow and returns in the private (unsecuritized) commercial property markets. The model predicts both of these variables quite well during the sample period. The forecasting model is then used to develop a simple "buy/sell" rule for...