Nonlocal Office Investors: Anchored by their Markets and Impaired by their Distance
Nonlocal investors purchase and sell investment property in a distant metropolitan area. In this study, we identify capital value underperformance for nonlocal investors on both sides of the transaction, when they purchase and when they sell. The commercial real estate transactions data include a na...
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Published in | The journal of real estate finance and economics Vol. 50; no. 1; pp. 129 - 149 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Boston
Springer US
01.01.2015
Springer Nature B.V |
Subjects | |
Online Access | Get full text |
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