Tokens, the digital form of assets, are an innovation that has the potential to disrupt how to
transfer and own financial instruments. We hand-collected data on 173 real estate tokens in …

Purpose This paper explores the real estate price determinants at four geographical levels:
in the European Union as a whole, in the 28 European Union countries, in one European …

An extensive literature finds that indices of returns on equity real estate investment trusts
(REITs) predict return indices in the private commercial real estate (CRE) market. Using a …

I compare the performance of the index‐based time series approach and the cross‐sectional
approach in estimating factor loadings of nontraded assets, and show that the latter likely …

This study examines the sensitivity of equity REIT returns to time‐varying MSA allocations of
REIT property portfolios. Using a large sample of individual commercial property holdings …

Purpose The purpose of this paper is to analyze the determinants and the operational
aspects of real estate crowdfunding (RECF henceforth). It addresses RECF growth, drivers …

This article uses a hand-collected sample of 733 projects from seven leading US-based real
estate crowdfunding (RECF) platforms. We analyze whether property, financing, and …

We examine property sell-offs by real estate investment trusts (REITs) and find that investors
respond favorably to sales of properties located close to a sell-off firm's headquarters. The …

We show that conventional hedonic models for commercial real estate prices ignore the
utility investors derive from a building's extreme attributes. Analyzing geo-enriched data on …

A parametric portfolio approach is used to estimate optimal commercial real estate portfolio
policies. We do so by relying on the NCREIF data set of commercial properties over the …