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A systematic study of real estate core funds : herd behavior and performance attribution analysis
(Massachusetts Institute of Technology, 2005)
The returns and portfolio characteristics of core funds were tested for evidence of herd behavior and performance relative to the NCREIF Property Index (NPI), using a proprietary database that included data from 1985 to ...
University-affiliated retirement development : a resource for universities
(Massachusetts Institute of Technology, 2004)
Towards a Pan-European property index : methodological opportunities
(Massachusetts Institute of Technology, 2004)
This study examines the methodological opportunities of index construction for the Pan-European property index, whose release is planned by the company Investment Property Databank (IPD). To address the question of temporal ...
Price discovery in commercial mortgage backed securities : what factors determine pricing at origination and after origination in the CMBS market
(Massachusetts Institute of Technology, 2008)
The commercial mortgage-backed securities (CMBS) market has vastly evolved over the last decade, but it remains a very private and proprietary market in comparison to other bond markets such as corporate or municipal bonds. ...
Real options in action : vertical phasing in commercial real estate development
(Massachusetts Institute of Technology, 2008)
Real estate development is inherently a risky endeavor. Developers encounter varied risks during the different phases of a development project, from permitting to construction and through lease-up and stabilized operations. ...
Forecasting office capitalization rates and risk premia in emerging markets
(Massachusetts Institute of Technology, 2008)
As international property investors increasingly understand and appreciate the benefits of diversification and look to achieve higher returns, cross-border real estate investment has increased. In this context, the issue ...