Gjedsted Nielsen, Mads - 2014 - 1. edition
The first essay examines the relationship between publicly and privately traded commercial real estate and … macroeconomic risk. To represent publicly traded real estate, I use exchange listed US Real Estate Investment Trusts (REITs), and to … proxy for direct and privately traded real estate, I use a transaction based index (TBI) based on the data in the NCREIF …