The institutional real estate industry lost one of its leading figures in 2013, Susan Hudson-Wilson.
A successful entrepreneur, respected industry leader, and influential researcher, …

Real estate has an important role in the asset allocation of pension funds, both in the US and
internationally. The purpose of this report is to highlight the pension fund community and …

Responsible property investing (RPI) includes many facets such as investing in Energy Star
labeled properties, investing in properties near transit stations and investing in properties in …

In this study, we provide new evidence on the performance measurement and reporting of
commercial real estate returns. We do so by examining the accuracy of commercial real-estate …

While several studies have documented behavioral biases in the behavior of individual
investors, very little is known about the existence of such biases in corporations. We utilize the …

In November 2004 me annual meeting was held in Miami, Florida. Members of the Valuation
Committee shared experiences and observations regarding marking debt to market. Jeff …

Capitalization rate (cap rate) is a critical variable in commercial real estate valuations. To
form beliefs of cap rate under a certain market situation, investors look into the required return …

This paper develops a novel empirical method that uses property level cash flow information
to estimate the risk and return characteristics of private commercial real estate. Monte Carlo …

This paper empirically analyzes the geographical distribution of the systematic risk in US
commercial real estate investments, using 3,240 institutional grade properties with detailed …

In this study, we provide new evidence on the performance measurement and reporting of
commercial real estate returns. We do so by examining the accuracy of commercial-real-…