For many years operating companies around the world generally have owned their realestate assets. In the United States alone it is estimated that corporate users own nearly $2 trillion,or roughly half of all commercial property. Companies own not only their production facilities,but frequently...

This research unites the two major strands of work that exist to date in the literature on Housing Markets. The first is the notion of spatial equilibrium wherein consumers inhabiting different units are thought to be at a constant utility level. As a consequence prices "compensate" for...

Fusion CMBSs, UPREITs, paper-clip and paired share REITs, conduits and opportunity funds - all these phrases, words or phrases are common in today's real estate lexicon but were not around a decade ago. This evolution in real estate industry vernacular reflects deep and fundamental change in the...