Timing and the Holding Periods of Institutional Real Estate

@inproceedings{Collett2003TimingAT,
  title={Timing and the Holding Periods of Institutional Real Estate},
  author={David J. Collett and Colin Lizieri and Charles Ward},
  year={2003}
}
Literature on investors' holding periods for securities suggests that high transaction costs are associated with longer holding periods. Return volatility, by contrast, is associated with shorter holding periods. In real estate, high transaction costs and illiquidity imply longer holding periods. Research on depreciation and obsolescence suggests that there might be an optimal holding period. Sales rates and holding periods for U.K. institutional real estate are analyzed, using a proportional… CONTINUE READING

Figures from this paper.

Citations

Publications citing this paper.
SHOWING 1-10 OF 39 CITATIONS

The Real Estate Risk Premium Puzzle: A Solution 1

VIEW 5 EXCERPTS
CITES BACKGROUND & RESULTS
HIGHLY INFLUENCED

References

Publications referenced by this paper.
SHOWING 1-10 OF 11 REFERENCES

Quality of urban design: a study of the involvement of private property decision-makers in urban design, London: Royal

A Rowley, V. Gibson, C Ward
  • 1996
VIEW 3 EXCERPTS

The Effect of Transaction Costs on Households

A Hess
  • Financial Asset Demands” Journal of Money, Credit and Banking,
  • 1991
VIEW 2 EXCERPTS