Huerta, Daniel; Egly, Peter V.; Escobari, Diego - 2015 - Version: November 2015
REIT returns and volatility over the sample period from December 2001 to February 2013. We find that the liquidity crisis … negatively impacts REIT returns and helps explain increases in volatility; this finding is robust to multiple specifications. We …The real estate investment trust (REIT) industry experienced a liquidity crisis resulting from reduced access to credit …
