An Analysis of the Determinants of Transaction Frequency of Institutional Commercial Real Estate Investment Property |
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| Authors: | Jeffrey Fisher Dean Gatzlaff David Geltner Donald Haurin |
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| Affiliation: | Indiana University School of Business, Finance Department and Center for Real Estate Studies; , The Florida State University College of Business; , Massachusetts Institute of Technology, Center for Real Estate; , The Ohio State University; |
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| Abstract: | This study examines the correlation of the frequency of the sale of investment-grade property with national, regional and local variables, including property- and owner-specific characteristics. More specifically, the study identifies the primary factors that "explain" intertemporal changes in transaction frequency in the underlying properties used to develop the National Council of Real Estate Investment Fiduciaries (NCREIF) index. Understanding these factors yields important information that can be used by firms when forming market expectations and developing investment strategies. |
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