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.
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