"This paper will provide economic and structural reasons for the upcoming of non and sub performing real estate loans in Germany and will compare the German market to the U.S.- and other relevant NPL-markets. As German banks are currently facing the new regulations of Basel II as well as strong...

The real estate banking industry in Germany has undergone severe changes due to changes in the legal framework, consolidation processes and economic crisis. As one of the results, German banks begin to sell their portfolios of non performing real estate loans. The six relevant transactions in...

The role of opportunity funds in the German real estate investment market has increased considerably in recent years. To keep abreast of this development, the following paper proposes an investment model for opportunity funds. The model analyses opportunity funds as intermediaries between...

This paper investigates whether obtaining sustainable building certification entails a rental premium for commercial office buildings and tracks its development over time. To this aim, both a difference-in-differences and a fixed-effects model approach are applied to a large panel dataset of...

The paper examines the impact of the advisor structure on the leverage of 265 US real estate investment trusts (REITs). The study employs panel data for the period 1994 to 2010. Externally advised REITs tend to choose lower leverage, a result which differs from that of Capozza and Seguin (2000)...

As German banks are currently facing the new regulations of Basel II as well as strong global competition, non and sub performing loans have risen to a subject of high interest in German banks. The German press pays high attention to the topic and the constantly growing non performing loan...