This paper reviews the literature on price determination in the private and public real estate
markets. In particular, it discusses the processes of appraisal smoothing in the private …

Real estate asset management has been and will continue to be a topic of great interest.
Specifically, does real estate warrant inclusion in an efficient portfolio? And if so, how much …

The returns to hedge funds and other alternative investments are often highly serially
correlated. In this paper, we explore several sources of such serial correlation and show that …

This paper presents an approach to recovering the underlying market value returns from
observable appraisal-based index returns, without presupposing or constraining the market …

LAND is a non-fungible token (NFT) representing virtual real estate ownership in The
Sandbox metaverse, a digital world built on the Ethereum blockchain. The open nature of a …

This paper tests whether commercial real estate markets (both exchange‐traded and non‐
exchange‐traded) are integrated with stock markets using multifactor asset pricing models …

Property investment markets and applied property research are now recognised as an
increasingly important international phenomenon. Written by two of the most respected …

Liquidity in private asset markets is notoriously variable over time. Therefore, indices of
changes in market value that are based on asset transaction prices will systematically reflect …

This paper examines the link between REIT, financial asset and real estate returns, and tests
whether it changed subsequent to the “REIT boom” of the early 1990s. The main focus is on …

A great deal of research has focused on the links between stock and bond market returns
and macroeconomic events such as fluctuations in interest rates, inflation rates, and …