Elayan, Fayez A.; Meyer, Thomas O.; Li, Jingyu - In: Journal of Real Estate Research 28 (2006) 4, pp. 381-410
Previous research finds evidence that tax factors motivate the participants in leasing transactions. Tax-arbitrage arguments predict that leasing participants gain when the lessor’s tax rate exceeds that of the lessee. The research employs a sample of effectively tax-exempt REIT lessors...