Amsterdam-Cambridge-UNC Charlotte Symposium 2008 Real Estate Portfolio & Risk Management

Amsterdam-Cambridge-UNC Charlotte Symposium 2008 Real Estate Portfolio & Risk Management J Real Estate Finan Econ (2009) 39:225–228 DOI 10.1007/s11146-009-9186-y EDITORIAL Amsterdam-Cambridge-UNC Charlotte Symposium 2008 Real Estate Portfolio & Risk Management Editors’ Introduction Richard Buttimer & Erasmo Giambona & Kanak Patel Published online: 5 May 2009 Springer Science + Business Media, LLC 2009 This Special Issue of the Journal of Real Estate Finance and Economics presents papers presented at the Cambridge-Amsterdam UNC Charlotte Symposium, hosted by the Finance Group of University of Amsterdam Business School in the facilities of Amsterdam School of Real Estate, Netherlands, in June 2008. Twelve papers were presented at the Symposium of which eight are published this Issue. Patel, Pereira and Zavodov in “REITs Discount to NAV & Risk Premium: Too Low? Too high?” study whether the REITs discount to net asset value (NAV) can be explained by an unduly lower risk premium applied to private real estate valuation relative to the risk premium generally applied for REITs. The private real estate market does not account in the valuation process for categories of risk inherent to real estate properties, such as vacancy risk, tenant credit risk, liquidity as well as the bundle of options typically embedded into lease contracts. By contrast, the public real estate market http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Journal of Real Estate Finance and Economics Springer Journals

Amsterdam-Cambridge-UNC Charlotte Symposium 2008 Real Estate Portfolio & Risk Management

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Publisher
Springer US
Copyright
Copyright © 2009 by Springer Science+Business Media, LLC
Subject
Economics; Regional/Spatial Science; Financial Services
ISSN
0895-5638
eISSN
1573-045X
D.O.I.
10.1007/s11146-009-9186-y
Publisher site
See Article on Publisher Site

Abstract

J Real Estate Finan Econ (2009) 39:225–228 DOI 10.1007/s11146-009-9186-y EDITORIAL Amsterdam-Cambridge-UNC Charlotte Symposium 2008 Real Estate Portfolio & Risk Management Editors’ Introduction Richard Buttimer & Erasmo Giambona & Kanak Patel Published online: 5 May 2009 Springer Science + Business Media, LLC 2009 This Special Issue of the Journal of Real Estate Finance and Economics presents papers presented at the Cambridge-Amsterdam UNC Charlotte Symposium, hosted by the Finance Group of University of Amsterdam Business School in the facilities of Amsterdam School of Real Estate, Netherlands, in June 2008. Twelve papers were presented at the Symposium of which eight are published this Issue. Patel, Pereira and Zavodov in “REITs Discount to NAV & Risk Premium: Too Low? Too high?” study whether the REITs discount to net asset value (NAV) can be explained by an unduly lower risk premium applied to private real estate valuation relative to the risk premium generally applied for REITs. The private real estate market does not account in the valuation process for categories of risk inherent to real estate properties, such as vacancy risk, tenant credit risk, liquidity as well as the bundle of options typically embedded into lease contracts. By contrast, the public real estate market

Journal

The Journal of Real Estate Finance and EconomicsSpringer Journals

Published: May 5, 2009

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