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Institutional-Grade Properties: Performance and Ownership

Author

Listed:
  • John D. Benjamin

    (American University, Washington, DC 20016)

  • Peter Chinloy

    (Kogod School of Business American University Washington, DC 20016)

  • William G. Hardin III

    (Florida International University 11200 SW 8th Street, RB 208 Miami, FL 33199)

Abstract

Quality commercial properties differ in operating performance not only on physical characteristics but in type of ownership, management, and control. For 1996?001 data on Atlanta apartments, a primary market for multiple types of investors, there is varying operating performance by ownership. Larger-scale owners and local property managers earn higher effective rents.

Suggested Citation

  • John D. Benjamin & Peter Chinloy & William G. Hardin III, 2007. "Institutional-Grade Properties: Performance and Ownership," Journal of Real Estate Research, American Real Estate Society, vol. 29(3), pages 219-240.
    • Handle: RePEc:jre:issued:v:29:n:3:2007:p:219_240
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    References listed on IDEAS

    as
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    Cited by:

    1. Kevin Beaubrun‐Diant & Tristan‐Pierre Maury, 2022. "Corporate focus, residential assets, and the performance of French REITs," Bulletin of Economic Research, Wiley Blackwell, vol. 74(2), pages 599-621, April.
    2. Michelsen, Claus & Rosenschon, Sebastian & Schulz, Christian, 2015. "Small might be beautiful, but bigger performs better: Scale economies in “green” refurbishments of apartment housing," Energy Economics, Elsevier, vol. 50(C), pages 240-250.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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