This paper provides the first credible evidence on the economic value of “green buildings”
derived from impersonal market transactions rather than engineering estimates. We analyze …

This paper examines the long‐run relation between prices and rents for houses in Amsterdam
from 1650 to 2005. We estimate the deviation of house prices from fundamentals and find …

We analyze the economics of green building, finding that recent increases in the supply of
green buildings and the volatility in property markets have not affected the returns to green …

This article introduces a biennial historic index of real estate values for the period 1628 through
1973. This index is based on the transactions of the buildings on the Herengracht, one of …

Presenting the essential concepts, principles, and tools for the analysis of commercial real
estate, this real estate text provides you with the tools you need to understand real estate …

Attention to ‘sustainability’ and energy efficiency rating schemes in the commercial property
sector has increased rapidly during the past decade. In the UK, commercial properties have …

Real estate investment trusts (REITs) offer a natural experiment in corporate governance
due to the fact that they leave little free cash flow for management, which reduces agency …

International diversification is now an established fact for stock and bond portfolios. For real
estate shares, however, this acceptance has so far not been the case. This study is an …

This paper investigates the effects of the energy efficiency and sustainability of commercial
properties on the operating and stock performance of a sample of US REITs, providing insight …

This paper examines the impact of option trading on individual investor performance. The
results show that most investors incur substantial losses on their option investments, which are …