An Analysis of Recent Rates of Return and of the Secondary Market for Public Real Estate Limited Partnerships

Steven D. Kapplin () and Arthur L. Schwartz, Jr. ()
Additional contact information
Steven D. Kapplin: Finance and Real Estate University of South Florida Tampa, Florida 33620, http://www.coba.usf.edu/departments/finance/index.html
Arthur L. Schwartz, Jr.: Finance and Real Estate University of South Florida St. Petersburg, Florida 33701, http://www.coba.usf.edu/departments/finance/index.html

Journal of Real Estate Research, 1986, vol. 1, issue 1, 33-44

Abstract: This study analyzes the rates of return of 53 Real Estate Limited Partnerships (RELPs). The authors utilize market-derived figures for terminal values, thus providing more realistic computations of IRRs than have appeared in other studies. The authors also examine the effect of holding period on RELP returns. RELP IRRs were found to be significantly different from those reported in other studies. RELP IRRs were also found to be highly correlated to holding period. The authors also provide an extensive introduction to the relatively new and evolving secondary market for RELPs called the National Partnership Exchange (NAPEX).

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1986
References: Add references at CitEc
Citations:

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol01n01/v01p033.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:1:n:1:1986:p:33-44

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().