Institutional-Grade Properties: Performance and Ownership

22 Pages Posted: 14 Nov 2007

See all articles by John D. Benjamin

John D. Benjamin

American University - Kogod School of Business

Peter T. Chinloy

American University - Department of Finance and Real Estate

William G. Hardin

Florida International University (FIU) - College of Business Administration

Abstract

Quality commercial properties differ in operating performance not only on physical characteristics but in type of ownership, management, and control. For 1996-2001 data on Atlanta apartments, a primary market for multiple types of investors, there is varying operating performance by ownership. Larger-scale owners and local property managers earn higher effective rents.

Keywords: Atlanta, apartments, rents

JEL Classification: L85, O18, R11, R14, R31

Suggested Citation

Benjamin, John D. and Chinloy, Peter and Hardin, William G., Institutional-Grade Properties: Performance and Ownership. Journal of Real Estate Research, Vol. 29, No. 3, 2007, Available at SSRN: https://ssrn.com/abstract=1029986

John D. Benjamin (Contact Author)

American University - Kogod School of Business ( email )

4400 Massachusetts Avenue NW
Department of Finance
Washington, DC 20016
United States
(202) 885-1892 (Phone)
(202) 885-1946 (Fax)

Peter Chinloy

American University - Department of Finance and Real Estate ( email )

Kogod School of Business
4400 Massachusetts Ave., N.W.
Washington, DC 20016-8044
United States
202-885-1951 (Phone)
202-885-1992 (Fax)

William G. Hardin

Florida International University (FIU) - College of Business Administration ( email )

Miami, FL 33199
United States