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Retail investments by real estate investment trusts: A comparative analysis of local retail returns for the United States

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Abstract

This exploratory paper examines the localsuccess conditions and the region-specificorientation of real estate investment trusts(REITs). After a concise overview of thehistory of REITs in the USA, the criticalperformance factors of retail REITs areaddressed by investigating the empiricalrelationship between local retail rents and aselected set of local explanatory factors. Asequential regression method is deployed toidentify the most prominent, statisticallysignificant variables and to create a rankingof most promising metropolitan areas from aninvestor's perspective.

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Authors and Affiliations

  1. Department of Spatial Economics, Free University, Amsterdam

    Peter Nijkamp, Pim Klamer & Cees Gorter

Authors
  1. Peter Nijkamp
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  2. Pim Klamer
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  3. Cees Gorter
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Nijkamp, P., Klamer, P. & Gorter, C. Retail investments by real estate investment trusts: A comparative analysis of local retail returns for the United States. Journal of Housing and the Built Environment 17, 109–125 (2002). https://doi.org/10.1023/A:1015651421415

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