This article is the winner of the Retail Real Estate manuscript prize (sponsored by the International Council of Shopping Centers) presented at the 2001 American Real Estate Society Annual Meeting. This study empirically models the determinants of community center rent. It employs a two-stage...

This investigation expands the limited empirical research on retail rental rates by investigating the determinants of neighborhood shopping center rents. Evidence supports primary trade area and property specific characteristics as the primary determinants of neighborhood center vacancy and...

The ex-dividend pricing of real estate investment trust (REIT) stocks under fractional and decimal pricing regimes is investigated. For REITS, with the move from discrete to decimal pricing, the price drop on the ex-dividend day approaches the dividend amount, the ex-date abnormal return...

The positioning of a property along a given rent-vacancy signaling frontier depends on its ownership, branding, and quality. Confirmation of a separating equilibrium occurs if the quality from the branding, itself dependent on costly management decisions, results in rent differentials. For...