Zobrazeno 1 - 10
of 41
pro vyhledávání: '"Robert H. Edelstein"'
Autor:
Konstantin Magin, Robert H. Edelstein
Publikováno v:
Journal of Real Estate Research. 39:441-466
We examine three issues relating to U.S. real estate investment trust (REIT) pricing. First, using a modified capital consumption asset pricing model (CCAPM) with stochastic taxation and money supply, we compute the fundamental values for REITs for o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3f056f6e7e7f8001f972c12db763264f
https://doi.org/10.1080/10835547.2017.12091482
https://doi.org/10.1080/10835547.2017.12091482
The Equity Risk Premium for Securitized Real Estate: The Case for U.S. Real Estate Investment Trusts
Autor:
Robert H. Edelstein, Konstantin Magin
Publikováno v:
Journal of Real Estate Research. 35:393-406
This paper examines an important topic about the performance of securitized real estate by estimating the expected equity risk premium for U.S. real estate investment trusts (REITs). By employing a...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::57ff1f792d500d01eb206d4f8b527f7e
https://doi.org/10.1080/10835547.2013.12091375
https://doi.org/10.1080/10835547.2013.12091375
Autor:
Robert H. Edelstein, Konstantin Magin
Publikováno v:
journal of Real Estate Research. 35(4):393-406
This paper examines an important topic about the performance of securitized real estate by estimating the expected equity risk premium for U.S. Real Estate Investment Trusts-REITs. The estimation of the expected risk premium has been a thorny issue t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::c69a4fd0d38094cdc62f09d568394fab
http://pages.jh.edu/jrer/papers/pdf/past/vol35n04/01.393_406.pdf
http://pages.jh.edu/jrer/papers/pdf/past/vol35n04/01.393_406.pdf
Autor:
Robert H. Edelstein, Peng Liu
Publikováno v:
Liu, Peng; & Edelstein, Robert H.(2016). The Economics of Commercial Real Estate Preleasing. Journal of Real Estate Finance and Economics, 53(2). doi: 10.1007/s11146-015-9515-2. UC Berkeley: Fisher Center for Real Estate and Urban Economics. Retrieved from: http://www.escholarship.org/uc/item/7d02d39m
Preleasing of to-be-built commercial real estate space is a pervasive worldwide practice. Although such preleasing is an extensive and significant activity, it has not received adequate attention in the real estate economics and finance literature. U
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1999d726eb918f0d968b079ff82dbfd9
http://www.escholarship.org/uc/item/7d02d39m
http://www.escholarship.org/uc/item/7d02d39m
Autor:
Wenlan Qian, Robert H. Edelstein
Publikováno v:
The Journal of Real Estate Finance and Economics. 49:654-689
This study demonstrates that taking into account heterogeneous investment horizons will improve our understanding of housing price and trading dynamics. Using an OLG (Overlapping Generations) model in which agents have heterogeneous preferences and i
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::34c672e19da8b8cc9ef6e145673dccd4
https://doi.org/10.1007/s11146-012-9395-7
https://doi.org/10.1007/s11146-012-9395-7
Publikováno v:
The Journal of Real Estate Finance and Economics. 45:30-48
Presale agreements have become a pervasive worldwide practice for residential sales, especially in many Asian markets. Although there is a burgeoning empirical literature on presales agreements, only a few papers actually address their theoretical fo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8a3b75317424205cf48ed2cc008bb5d9
https://doi.org/10.1007/s11146-011-9318-z
https://doi.org/10.1007/s11146-011-9318-z
Publikováno v:
Scopus-Elsevier
Recent research suggests that the unique legal and organizational structure of REITs, relative to other types of corporations, may vitiate the need for and the effectiveness of internal corporate governance. Our results indicate that information asym
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::94bea81a904a99baa653cf7ba5c7f948
http://pages.jh.edu/jrer/papers/pdf/past/vol33n01/01.1_24.pdf
http://pages.jh.edu/jrer/papers/pdf/past/vol33n01/01.1_24.pdf
Publikováno v:
The Journal of Real Estate Finance and Economics. 43:130-151
Prior international real estate studies recognize the importance of country-specific factors for explaining real estate security returns. Using firm level observations from the FTSE NAREIT/EPRA Index for 2004–2006, we construct a set of multifactor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b2bca36af8fef66cd0d0adc7ed991a92
https://doi.org/10.1007/s11146-010-9245-4
https://doi.org/10.1007/s11146-010-9245-4
Publikováno v:
Real Estate Economics. 38:57-90
We study ownership dynamics of multiple strategic risk-averse insiders facing a moral hazard problem. We show that, when insiders cannot commit, ex ante, to an ownership policy, the aggregate insider stake gradually declines toward the competitive ma
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::63531f2a6d6e53c9e281c2ad7218050e
https://doi.org/10.1111/j.1540-6229.2009.00254.x
https://doi.org/10.1111/j.1540-6229.2009.00254.x
Autor:
Desmond Tsang, Robert H. Edelstein
Publikováno v:
The Journal of Real Estate Finance and Economics. 35:295-313
This paper develops and tests a theoretical model for residential housing market cyclical dynamics. The model employs an interactive supply and demand framework to engender housing price dynamics. Under our set of assumptions, the two equation system
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9366a9cbd2aa022d85426dada80c6478
https://doi.org/10.1007/s11146-007-9042-x
https://doi.org/10.1007/s11146-007-9042-x