Browsing Center for Real Estate and Finance Reports by Title

Now showing items 9-14 of 14

    • Measuring the Value Added of REIT Managers Using MSA Benchmarks: A Return-Based Attribution Analysis Approach 

      Boudry, Walter I.; Liu, Crocker H.; Ukhov, Andrey (2013-01-01)
      An interesting, important, and challenging financial question both in academic research and in practice is how to determine asset managers’ investment performance. That is, how much can be attributed to luck or serendipitous ...

    • The Phoenix Is Rising 

      Liu, Crocker; Nowak, Adam; White, Robert Jr (2021-04-19)
      Although the price of hotels along the east coast declined again this quarter the rate of decline has continued to lessen. Hotels in gateway cities reversed course, outperforming hotels in non-gateway cities. Our moving ...

    • Real Estate: Private Equity Investment in Shanghai 

      Liu, Peng; Loh, Terence (2021-10-22)
      In this case study, you are a consultant engaged to assess whether to invest in Project Innov Star, a Class A office project in Zhangjiang Shanghai, which currently is stalled. The hold up, and thus the opportunity to ...

    • Second Quarter 2020: Are All Crises the Same? 

      Liu, Crocker; Nowak, Adam; White, Robert, Jr. (2020-07-24)
      Although the Great Recession is useful in offering insights into how hotel performance might fare during a crisis, we show that the current crisis is much worse in terms of risk and the loss of relative wealth. Not ...

    • Second Quarter 2021: Are We There Yet? 

      Liu, Crocker; Nowak, Adam; White, Robert Jr (2021-07-15)
      United States hotel prices have rebounded above their statistical lower bound in all regions except the Mountain states, signaling a return toward their pre-pandemic level—although we are not quite there yet. Prices of ...

    • What is a Gateway City?: A Hotel Market Perspective 

      Corgel, Jack (2012-04-01)
      The United States Office of Management and Budget designates 366 American cities as metropolitan statistical areas (MSAs).2 Fifty of these 366 MSAs contain the majority of the nation’s hotel rooms. For purposes of investing ...