and benefited from a wide media coverage. It provides a rare opportunity to analyze the consequences of a shift in risk … perception on housing markets and neighborhoods subject to industrial risk. Using a difference-in-difference matching strategy … affected. In particular, the vacancy rate increases, and the standard of living in the at-risk areas tends to deteriorate. …

This research contributes to a better assessment of risk factors impacting non-listed real estate fund returns. Both … macroeconomic risk factors although our analyses suggest that non-listed real estate is more akin to direct real estate than it is …