Characteristics of a Full-Disclosure, Transaction-Based Index of Commercial Real Estate
Downs, David H., Slade, Barrett A., Journal of Real Estate Portfolio Management
Executive Summary. This study addresses the characteristics of a transaction-based index of commercial real estate as reported in a full-disclosure market. Prior research on transaction-based indices has enumerated various shortcomings for commercial real estate markets. This study circumvents many of these problems by using a large data set of commercial property transactions obtained for the Phoenix, Arizona metropolitan statistical area. The empirical analysis demonstrates that investors stand to gain considerable insight by comparing fulldisclosure, transaction-based indices with voluntarydisclosure, appraisal-based indices. The results suggest that full-disclosure indices avoid some …
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Publication information:
Article title: Characteristics of a Full-Disclosure, Transaction-Based Index of Commercial Real Estate.
Contributors: Downs, David H. - Author, Slade, Barrett A. - Author.
Journal title: Journal of Real Estate Portfolio Management.
Volume: 5.
Issue: 1
Publication date: January 1, 1999.
Page number: 95+.
© American Real Estate Society Oct-Dec 2008.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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