The purpose of this paper is to shed light on the history of commercial property values over
the past decade, and to compare different methods of constructing commercial property …

Asset prices have undergone major medium-term fluctuations since the early 1980s,
sometimes ending in sharp downward corrections. This has been true of equity prices: a …

This study reviews the most recent findings on real estate returns, and organizes the reviews
into five categories:(1) risk and returns;(2) diversification and portfolio optimization …

This article introduces a biennial historic index of real estate values for the period 1628
through 1973. This index is based on the transactions of the buildings on the Herengracht …

Returns on real estate investments have been examined from many historical perspectives.
This study provides a comprehensive review of the real estate investment literature …

This paper provides a review of the studies that have examined the efficiency of the real
estate market. Existing evidence suggests that real estate market segments (ie, housing …

Contrary to the Fisherian theory of interest, previous studies document a negative
relationship between REIT (Real Estate Investment Trust) returns and inflation. In this …

Commercial real estate makes up a relatively small percentage of most institutional
portfolios, even though the existing literature has consistently reported attractive risk‐return …

Evidence from the corporate finance literature indicates that diversified firms trade at a
discount to otherwise comparable specialized firms. However, very little research has …

The experience of the 1985-1993 boom/bust in real estate has left industry players nervous
about when it might happen again. This study examines the possible causes and the …