Institutional Real Estate Investment Practices: Swedish and United States Experiences

W. Jan Brzeski, Austin J. Jaffe () and Stellan Lundstrom
Additional contact information
W. Jan Brzeski: Cracow Real Estate Institute ul. Senacka 3 PL 31-002 Cracow, Poland, http://www.uva.nl/english/
Austin J. Jaffe: Department of Insurance and Real Estate The Smeal College of Business Administration The Pennsylvania State University University Park, Pennsylvania 16802, http://www.smeal.psu.edu/ire/index.html
Stellan Lundstrom: Department of Real Estate and Construction Management The Royal Institute of Technology S100-40 Stockholm, Sweden, http://www.recm.kth.se/

Journal of Real Estate Research, 1993, vol. 8, issue 3, 293-324

Abstract: In recent years, institutional real estate investment activity has experienced major changes in many countries throughout the world. In Sweden, large-scale investment projects have increasingly been dominated by several major financial institutions. As in other places, real estate investment analysis in Sweden has undergone considerable change in terms of rigor, focus, and perspective. This study is the first effort ever to systematically assess the current situation in the market for commercial real estate in Sweden. The study presents the results of a comprehensive 1988 survey of over 200 commercial real estate investment participants in Sweden including insurance companies, pension funds, construction firms, property management firms, and investment companies. The survey results are compared with results reported in the United States and elsewhere within the corporate and real estate capital budgeting literatures. The results reported here can thus be compared cross-sectionally as well as over time across numerous dimensions.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1993
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol08n03/v08p293.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:8:n:3:1993:p:293-324

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 ().