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Commercial Real Estate Market Property Level Capital Expenditures: An Options Analysis |
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| Authors: | Bond Shaun A. Shilling James D. Wurtzebach Charles H. |
| Affiliation: | 1.Carl H. Lindner College of Business, University of Cincinnati, Cincinnati, OH, USA ;2.DePaul University, 1 East Jackson Boulevard, Chicago, IL, 60606, USA ;3.DePaul University, 1 East Jackson Boulevard, Chicago, IL, 60604, USA ; |
| Abstract: | The Journal of Real Estate Finance and Economics - Option pricing theory predicts that capital improvement expenditures are positively linked with high or increasing market lease rates. Ceteris... |
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