This paper discusses the current trend in the commercial real estate market to offer more flexible lease contracts. In this paper we assume one form of flexibility: the right to terminate the lease contract prematurely, i.e. a break-option. The lessor is exposed to more risk in cash-flow when he...

ERES:conference

Given the local character of real estate market, real estate investments have always been identified as an opportunity for diversifying internationally. Low international coherence can reduce the risk of both private and professional multi asset investment portfolios. Early research confirmed,...

ERES:conference

ERES:conference