J Real Estate Finan Econ (2008) 36:365–366 DOI 10.1007/s11146-008-9110-x Editors’ Introduction Shaun Bond & Piet Eichholtz Published online: 8 February 2008 Springer Science + Business Media, LLC 2008 This special issue of the Journal of Real Estate Finance and Economics presents papers selected from the Maastricht–Cambridge–MIT Symposium, which was held at Chateau St. Gerlach, Maastricht University, in September 2006. This was the first year that the MIT Center for Real Estate was involved in organizing the Symposium. The papers presented at the Symposium covered a range of issues in real estate finance and economics. In all, 11 papers were presented, with four being selected for publication in this Special Issue. Of these four papers, one was written by a research team from the US, and three are from Europe. David Ling and Milena Petrova answer the question of whether investors actually gain from properties acquired under the Section 1031 exchange provisions in the US. The general view in the industry is that buyers do pay more but there has been little empirical evidence on this to date. The authors argue that because of the time limitations in which a replacement property must be purchased and given the heterogeneous nature
The Journal of Real Estate Finance and Economics – Springer Journals
Published: Feb 8, 2008
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