International diversification is now an established fact for stock and bond portfolios. For real
estate shares, however, this acceptance has so far not been the case. This study is an …

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, one of …

Analyses data from the USA and UK to determine whether diversification within a region by
property type is better than diversification between regions within a property type. Compares …

A severe problem facing both real estate researchers and investors is the lack of reliable real
estate returns data. Property shares, the shares of companies which invest in property and …

In this paper we explore corporate real estate ownership internationally. Based on a sample
of 4,636 companies from 18 industries and 9 countries we document distinct patterns and …

This study examines the stock price reactions on announcements of both equity and debt
offerings by European property companies. The unique setting in which corporate tax rates …

This paper investigates the importance of market institutions for the performance of international
property investors during the 1996–2007 period. The results show that international …

Appraisal-based return indexes available from the unsecuritized property markets are smoothed,
understating both the true volatility of property returns and the covariance with property …

This paper investigates spatial dependence in the prices of office buildings in Hong Kong,
London, Los Angeles, New York City, Paris, and Tokyo for 2007 to 2013. Compared to prior …

We investigate 95 takeovers of property companies all over the world and find that only two
of those are hostile. To determine the effectiveness of the market for corporate control, we …