The Journal of Real Estate Research

Investigates and analyzes the real estate industry through research and informative articles. Special interest surrounds development, finance, management, marketing, and valuation.

Articles from Vol. 12, No. 3, 1996

Appraisers and the Fair Housing Law: Accessibility Requirements for the Disabled
Richard W Hoyt* Robert J Aalberts* Abstract. In 1988 the Fair Housing Act of 1968 was amended to include the "handicapped" as being protected from discrimination in multiunit housing. The three general categories of discriminatory acts are refusal to...
How Critical Is a Good Location to a Regional Shopping Center?
Mark J Eppli* James D. Shilling** Abstract. The goal of this paper is to empirically measure the consumer utility trade-off between store location (i.e., distance to a shopping center) and retail agglomeration in regional shopping centers. Using the...
Integrating Regional Economic Indicators with the Real Estate Cycle
Jacques Gordon* Paige Mosbaugh* Todd Canter* Abstract. Previous literature has followed an evolutionary path in the examination of office market volatility. Where initial models were designed to show the close relationship between economic fundamentals...
Introduction Innovative Thought Leadership and the Community of Real Estate Scholars
Stephen E. Roulac* This special issue of The Journal of Real Estate Research celebrates innovation and community by honoring the winners of manuscript prizes for the outstanding papers presented at the 1996 meeting of the American Real Estate Society,...
Market Fundamentals, Risk and the Canadian Property Cycle: Implications for Property Valuation and Investment Decisions
Abstract. The dramatic decline in commercial property values in recent years has changed popular perception about real estate investment risk. This paper aims to generate new insights into real estate investment risk and its implications for real estate...
REIT Pricing Efficiency; Should Investors Still Be Concerned?
Scott D. Below* Joseph K Kiely* Willard McIntosh** Abstract. This study examines the impact of the REIT boom on the market microstructure of REIT common stocks. We analyze NYSE-traded REITs during the pre-boom period (1992) and the post-boom period (1994),...
Spatial Concentration of Institutional Property Ownership: New Wave Atomistic or Traditional Urban Clustering
Leon Shilton* Craig Stanley** Abstract. NCREIF investors acquire property in counties that meet socioeconomic filtering criteria. In contrast to atomistic predictions, these investors acquire their apartment buildings, offices, retail facilities, and...
Structuring the Corporate Real Property Function for Greater "Bottom Line" Impact
Christopher A. Manning* Stephen E. Roulac** Abstract. This study reviews the tasks a corporate real estate (CRE) function should undertake to create more opportunities for a company's real estate-related decisions to increase shareholder wealth. The...
Systematic Behavior in Real Estate Investment Risk: Performance Persistence in NCREIF Returns
Michael S. Young* Richard A. Graff** Abstract. Serial dependence of total annual returns in the NCREIF database is shown to be statistically significant in the first and fourth quartiles of disaggregated data between 1978 and 1994. More precisely, superior...
The Strategic Real Estate Framework: Processes, Linkages, Decisions
Stephen E. Roulac* Abstract. The intention of this work is to provide a contemporary perspective for understanding the real estate markets that can guide the involvement and decisions for all sectors of society's direct and indirect involvements with...
Time on the Market: The Impact of Residential Brokerage
G Donald Jud* Terry G. Seaks* Daniel T. Winkler* Abstract. This paper examines the impact of brokers, brokerage firms and marketing strategy on time on the market (TOM) in the residential housing market. Using a duration model methodology, the study...