This article presents a methodology for producing a quarterly transactions-based index (TBI) of property-level investment performance for U.S. institutional real estate. Indices are presented for investment periodic total returns and capital appreciation (or price-changes) for the major property...

"The purpose of this paper is to describe and hone a methodology by which a quarterly transactions-based index of property-level investment performance could be regularly produced for the U.S. institutional real estate investment industry. The objective is to produce a series of indices of...

This paper describes the engineering of a set of indexes for tracking same property realized price appreciation in the U.S. commercial real estate asset market, based on the transactions database of Real Capital Analytics, Inc (RCA). The set of regression-based, repeat-sales indexes developed so...

This paper explores rich longitudinal data to gain a better understanding of the importance of spatial mismatch in lower-paid workers’ job search. The data infrastructure at our disposal allows us to investigate the impact on a variety of job search-related outcomes of localized and...

This paper presents a new approach to the measurement of the effects of spatial mismatch that takes advantage of matched employer-employee administrative data integrated with a person-specific job accessibility measure, as well as demographic and neighborhood characteristics. The basic...

Much attention has been paid to capitalization rates or “cap rates?defined as the net operating income over transaction price, also known as a “going-in?current yield on commercial real estate when calculated at the time of purchase. We know that there are a number of global factors...

ERES:conference

This paper reviews the financial option model of under-utilizing urban land, with primary attention to the question of whether and how the model might move beyond the academic realm toward practical and quantitative applications. It is argued that the theoretical underpinnings that give the...