Private real estate markets have experienced signi ficant in inflows of institutional capital over the last couple of decades. In this paper we seek to understand what are the implications of this recent development. Employing a generalized Hamiltonian Monte Carlo Bayesian procedure we find...

In this paper we analyze market segmentation by firm size in the commercial real estate transaction process. Using novel micro-level data, we look at the probability distribution of investors acquiring a speci fic bundle of real estate characteristics, distinguishing between investors based on...

Anecdotal evidence suggests that landlords are negatively affected by tenant-friendly regulations, however limited empirical research exists to support this claim. Renter protection is multi-faceted and includes limits on security deposits and longer periods to evict tenants for non-payment. We...

In this paper we analyze the underlying economic mechanisms that might be driving the observed patterns in commercial real estate prices, as an interplay between buyer and seller characteristics (in terms of their size, capital constraints and market knowledge), and the timing and geographical...