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New Place-to-Place Housing Price Indexes for U.S. Metropolitan Areas, and Their Determinants
Housing prices vary widely from market to market in the United States. The purpose of this study is to (1) construct new place-to-place indexes of the price of housing, using the 1990 Census, and (2)Expand
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Pension-Plan Real Estate Investment in an Asset–Liability Framework
This study explores the role of pension-plan real estate investment in an asset-liability framework. By assuming that the pension-plan manager wishes to have assets of at least equal value to theExpand
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The Role of Real Estate in an Institutional Investor's Portfolio Revisited
Many papers have recently pointed out that institutional investors allocate only a very small fraction of their portfolio to real estate, much smaller than theory would dictate. This raises theExpand
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The Effect of Firm Characteristics on the Use of Percentage Retail Leases
Choice of lease payments has been widely studied in the literature. There are three—not necessarily exclusive—explanations that have received attention. The first attributes the choice of fixedExpand
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Real Estate Asset Allocations and International Real Estate Markets
In this paper we examine the institutional real estate ownership patterns of life insurance companies for 10 countries over the period 1986-96. The countries included are ustralia, Austria, Belgium,Expand
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A Simulation Analysis of the Relationship between Retail Sales and Shopping Center Rents
This article examines the variation in rents per square foot among regional shopping centers in the United States in response to variation in retail sales per square foot. The analysis breaks newExpand
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