Devos, Erik; Ong, Seow-Eng; Spieler, Andrew; Tsang, Desmond - In: The Journal of Real Estate Finance and Economics 47 (2013) 2, pp. 266-288
Collectively, institutional investors hold large ownership stakes in REITs. The traditional view is that institutions are both long-term and passive investors. The financial crisis beginning in 2007 provides an opportunity to analyze the investment choices of institutional investors before,...