This study is the first to incorporate comprehensive regional factors into the analysis of the variations of apartment rent in a particular metropolitan area. A Geographic Information Systems (GIS) procedure is developed to generate regional variables for the analysis. Results show that not only...

This study explores the impact of systematic risk (beta) and systematic coskewness on EREIT returns. The test uses the Skewness Preference CAPM, which includes the impact of the third moment on returns. The findings are that systematic risk impacts return in the predicted manner. However, there...

Some real estate investment trusts are created as "captive-financing" affiliates by their sponsors. This creates conflicts of interest between the sponsor/manager and shareholders. Such conflicts could affect the financial performance of the firm. Using data on a sample of REITs, results show...