Purpose: The purpose of this paper is to investigate whether energy-efficient green buildings tend to provide net lease structures over gross lease ones. It then considers whether owners benefit by trading away operational savings in a net lease structure. Design/methodology/approach: Empirical...

Across public health, medicine, urban planning, real estate and public policy interest in walkability, a latent construct, has grown substantially. Using the multi-family housing market as a lens through which to examine consumer preferences, this paper exploits a large spatially diverse data...

The statistics, finance, and real estate literature regularly rely on propensity score matching techniques to balance samples of data where randomized treatment assignment is not possible. In the sustainable commercial real estate literature the technique has seen substantive use. To analyze...

Where the hedonic analysis literature has explored a plethora of topics, it has not given focused attention to conditions of sale or the context, motivating factors, and contract specifics associated with real estate transactions. As conditions of sale are often present in commercial real estate...

The economic effect of climate hazard events varies by time and by location. This paper investigates how climate shocks to local property markets spillover to capital markets. We also provide evidence of how forward-looking climate risk is capitalized into the public valuations of those property...

This paper explores private equity real estate fund performance and voluntary environmental, social, and governance (ESG) disclosures. Using data from the National Council of Real Estate Investment Fiduciaries (NCREIF), it examines the relationship between performance for funds in the Open-Ended...

Purpose: Automated valuation models (AVMs) are statistical asset pricing models omnipresent in residential real estate markets, where they inform property tax assessment, mortgage underwriting and marketing. Use of these asset pricing models outside of residential real estate is rare. The...