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Retail Investments by Real Estate Investment Trusts

Author

Listed:
  • Pim Klamer

    (Vrije Universiteit Amsterdam)

  • Cees Gorter

    (Vrije Universiteit Amsterdam)

  • Peter Nijkamp

    (Vrije Universiteit Amsterdam)

Abstract

This exploratory paper addresses the driving forces of real estate investment trusts (REITs). Aftera concise overview of the history of REITs in the USA, the success conditions of retail REITsare addressed by investigating the relationship between local retail rents and a set of localexplanatory factors. A sequential regression method is deployed to identify the most prominent,statistically significant variables and to create a ranking of most promising metropolitan areasfrom an investor's perspective.

Suggested Citation

  • Pim Klamer & Cees Gorter & Peter Nijkamp, 2001. "Retail Investments by Real Estate Investment Trusts," Tinbergen Institute Discussion Papers 01-049/3, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20010049
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    File URL: https://papers.tinbergen.nl/01049.pdf
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    References listed on IDEAS

    as
    1. Chinmoy Ghosh & Randall S. Guttery & C. F. Sirmans, 1998. "Contagion and REIT Stock Prices," Journal of Real Estate Research, American Real Estate Society, vol. 16(3), pages 389-400.
    2. Emil E. Malizia & Robert A. Simons, 1991. "Comparing Regional Classifications for Real Estate Portfolio Diversification," Journal of Real Estate Research, American Real Estate Society, vol. 6(1), pages 53-78.
    3. Jun Han & Youguo Liang, 1995. "The Historical Performance of Real Estate Investment Trusts," Journal of Real Estate Research, American Real Estate Society, vol. 10(3), pages 235-262.
    4. David J. Hartzell & David G. Shulma & Vice President, 1987. "Refining the Analysis of Regional Diversification for Income-Producing Real Estate," Journal of Real Estate Research, American Real Estate Society, vol. 2(2), pages 85-95.
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