In this paper, we examine the stock price reactions to announcements of new security offerings
by Real Estate Investment Trusts (REITs). REITs offer a unique setting in which to study …

… Shilling, and CF Sirmans … SHILLING is associate professor, and CF SIRMANS is
professor offinance, College of Business Administration, Louisiana State University. …

A wide variety of research has been developed around the estimation of economic depreciation
rates on single-family houses. One aspect that has not been fully investigated in the …

This paper analyzes the price adjustment process for rental office space in 17 cities across
the United States over the time period 1960 to 1975. The results confirm much of what …

This paper examines the economics of the wealth transfer created by the National Flood
Insurance Program (NFIP). By its very nature, NFIP is unique in that it subsidizes existing …

In this article, we examine whether the performance of real estate investment trusts (REITs)
is correlated with advisor type. Seven categories of advisors are used in the analysis. All …

… Using the Dhillon-Shilling-Sirmans estimates gives impacts about twice as large. Thus, we
conclude that the lower FRM rate induced by the agencies probably lowered the ARM share …

This article investigates the determinants of real estate investment trusts (REIT) portfolio
investment and institutional REIT ownership using multivariate Tobit regressions. We contend …

The aggregate homeownership rate in the United States has continued to rise throughout
the 1970s despite rising inflation and the rapid growth of young and primary individual …

… Malpezzi and Shilling measure the quality of a location using analogues of elements frequently
used by rating agencies in their ratings of stocks, that is, size, level and growth in income …