We propose newly developed unsmoothing techniques for appraisal-based real estate returns based on a regime-switching Threshold Autoregressive (TAR) model. We show that when true returns follow a TAR process, conventional linear autoregressive technique are misspecified and underestimate true...

Introduction -- Sustainable Building Certification and the Rent Premium: A Panel Data Approach -- Operating Expenses and The Rent Premium of Sustainable Buildings -- Sustainability and the Leasing Decision of Office Occupiers in the U.S. -- Summary, Practical Implications, and Further Research.

In contrast to the United States and the United Kingdom, little empirical work exists about the distributional characteristics of appraisal-based real estate returns outside these countries. The purpose of this study is to fill this gap by focusing on Germany. In line with other studies, this...