Similar Search Results

Fama–French–Carhart Factor-Based Premiums in the US REIT Market : A Risk Based Explanation, and the Impact of Financial Distress and Liquidity Crisis from 2001 to 2020

Essa, Mohammad Sharik; Giouvris, Evangelos - 2023

The study investigates the impact of financial distress (credit spread) and liquidity crises (TED spread) on size … to establish the long/short-run impact of financial distress and liquidity crisis on these premiums during recessionary … liquidity crisis. On the other hand, size, value and investment premiums rise with financial distress/liquidity crisis, only …

Persistent link: https://www.econbiz.de/10014254802

Are REITs real estate? : evidence from international sector level data

Hoesli, Martin; Oikarinen, Elias - 2012

The aim of this study is to examine whether securitized real estate returns reflect direct real estate returns or general stock market returns using international data for the U.S., U.K., and Australia. In contrast to previous research, which has generally relied on overall real estate market...

Persistent link: https://www.econbiz.de/10009558452

Portfolio diversification across U.S. gateway and non-gateway real estate markets

Hoesli, Martin; Johner, Louis - 2021

Using simulation analysis and property-level data for the U.S., we compare performance metrics for portfolios containing varying proportions of gateway and non-gateway markets. Risk-adjusted performance is found to be similar across types of markets. Gateway markets have higher appreciation and...

Persistent link: https://www.econbiz.de/10012800449

The Economic Effects of Owner Distance and Local Property Management in U.S. Office Markets

Eichholtz, Piet M. A. - 2015

Using a large dataset of U.S. offices we analyze the relationship between investors' distance to their assets and the effective rent of these assets, and study the extent to which property managers can influence this relationship. We construct hedonic rent models to control for other known rent...

Persistent link: https://www.econbiz.de/10013032416

Dynamic Linkages Among U.S. Real Estate Sectors Before and After the Housing Crisis

Yunus, Nafeesa - 2019

This study explores the dynamic nature of linkages among seven key real estate sectors which include residential, health, lodging-resort, storage, office, retail and industrial. Long-run results reveal evidence of increased integration and contagion across the real estate sectors in the wake of...

Persistent link: https://www.econbiz.de/10012872072

Sand States and the US Housing Crisis

Choi, Hyun-Soo - 2016

The excesses of the historic US housing cycle of the 2000s were concentrated in the Metropolitan Statistical Areas (MSAs) of Arizona, California, Florida and Nevada. Even controlling for leading explanations of this housing cycle, these Sand State MSAs had more than double the mortgage...

Persistent link: https://www.econbiz.de/10013006878