This paper describes the engineering of a set of indexes for tracking same property realized price appreciation in the U.S. commercial real estate asset market, based on the transactions database of Real Capital Analytics, Inc (RCA). The set of regression-based, repeat-sales indexes developed so...

This paper develops a “pseudo repeat sale” estimation sample construction procedure (ps-RS) to construct more reliable and less biased quality-controlled price indices for newly-constructed homes. The method may be useful wherever new housing development is of sufficiently large scale and...

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 market and of price discovery between the public and the private markets. In real estate markets, the absence of...

"The purpose of this paper is to describe and hone a methodology by which a quarterly transactions-based index of property-level investment performance could be regularly produced for the U.S. institutional real estate investment industry. The objective is to produce a series of indices of...

ERES:conference

ERES:conference

In U.S. commercial real estate markets, a single index product produced by the National Council of Real Estate Investment Fiduciaries (NCREIF) has been used for both asset class research and for agent evaluation benchmarking. While the NCREIF Index is an invaluable tool for the U.S. real estate...