Essays in Real Estate Research

By adopting the ‘REIT laboratory’ and incorporating REIT-specific Fama-French factors, Nick Martin Trefz builds the foundation to appropriately isolate the parameters of interest and to transparently investigate the areas of interest (Short …

Understanding the relationship between urban amenities and real estate prices is a key for the future of our cities. Location choices depend on a variety of urban amenities that eventually determine demand for a specific location. Identifying the …

Occupant behaviors can more than offset technological efficiency gains so that research must go beyond sustainable buildings. Nicolas J. Seyler addresses numerous recent calls for research regarding the drivers of environmental real estate user …

Julian Eibel studies the contribution of joint venture (JV) use as means of financing flexibility against the background of diverse financial restrictions in the institutional and regulated environment of the REIT Act. After reviewing JV motives …

Demographic trends put a burden on EU pension provision. As the sustainability of pension systems is addressed by current pension reforms, lower benefit levels are projected. In this scenario, households may want to consider supplementing their …

Susanne Hügel studies innovation in service industries from the industrial organization and behavioral theory perspectives, therefore chooses the real estate industry as object of study. The author examines the existing research on firm …

Holger Markmann studies covered bonds and their market behaviour upon the announcement and implementation of outright covered bond purchases by the eurosystem. After introducing the covered bond market, its reaction to the global financial crisis …

Philip Radner analyzes equity financing phenomena and researches IPO underpricing and SEO announcement effects using data sets for US REITs. Moreover, he discusses underpricing theories and their applicability in the REIT context and gives a …

Björn-Martin Kurzrock untersucht markt- und objektbezogene Einflussfaktoren auf die Performance von Immobilien-Direktanlagen und Bestandteile der Immobilien-Performance. Grundlage ist die Investment Property Databank (IPD/MSCI) mit Total Returns, Nett

Matthias Eder zeigt verschiedene Einflussgrößen auf das Controlling von institutionellen Immobilieninvestoren auf und entwickelt mithilfe von Experteninterviews einen Rahmen zur Untersuchung seiner Gestaltungsmöglichkeiten. Des Weiteren analysiert der

Friederike Sperl untersucht das loyale Mieterverhalten, um daraus effektive Bindungsmaßnahmen für Wohnungsunternehmen zu identifizieren und einen profitabilitätsorientierten Mieterbindungsmanagementansatz abzuleiten. Ziel ist es, durch eine effektiv

Simon Kempf has developed hedonic (quality-adjusted) office rent indices for German metropolitan areas. His study explores new territory as it constructs, for the first time, such indices for Germany. The author thereby has taken into account the di

Verena Bentzien entwickelt erstmals Erschwinglichkeitsindikatoren für die Bezahlbarkeit von Wohneigentum in Deutschland. Sie identifiziert Defizite, insbesondere im Hinblick auf die nach der Abschaffung der Eigenheimzulage geänderte wirtschaftlich

Christopher Oertel studies the impact of public policy measures on the German real estate market and confirms the assumptions, which imply that a city can influence its economic position in relation to nearby cities in the short run by making use of

Nicolai C. Striewe analyzes potential opportunistic behavior of REIT managers and provides empirical evidence on the effectiveness of institutional monitoring as a corporate governance mechanism. The author also suggests ways to promote sustainabl

Anna Mathieu clarifies if real estate decisions are affected by investor and consumer sentiment and how severely the sentiment should be considered. With regard to international capital markets Mathieu conducts an analysis of the impact of investo

Alexander Reichardt provides pertinent information on the business case for sustainable buildings, which offer a large potential to abate climate change, which can be achieved at relatively affordable costs compared to other industries. He discuss

Julia Gentgen stellt ein integriertes Entscheidungsmodell für deutsche Banken vor, das zur Behandlung von Problemkrediten sowohl die Kosteneffizienz der jeweiligen Transaktionsform als auch die erforderlichen Kompetenzen zur Bearbeitung berücksichtigt

Patricia Feigl zeigt, dass der neuartige Wettbewerbsdruck zwischen den Akteuren am Wohnimmobilienmarkt die Generierung und Sicherung von Vorteilen notwendig macht. Für eine Zielgruppenbestimmung von Wohnimmobilienmietern stellt sie die Wohnbedürfniss