Expected Equity Returns on Real Estate Financed with Life Insurance Company Loans: 1967–1977

C. F. Sirmans and James R. Webb

Real Estate Economics, 1980, vol. 8, issue 2, 218-228

Abstract: This paper estimates the internal rate of return on eleven real property types for the period 1967–1977 using a national sample of over 39 billion dollars worth of real property. Returns are calculated four ways—1) before tax, before financing. 2) before tax, after financing, 3) after tax, before financing, and 4) after tax, after financing. Comparisons are then made to determine the effects of taxes and financing on the returns. Finally, the results are compared to an earlier study for the period 1954–1966 to determine the changes of the various factors over time.

Date: 1980
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.1111/1540-6229.00214

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:bla:reesec:v:8:y:1980:i:2:p:218-228

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1080-8620

Access Statistics for this article

Real Estate Economics is currently edited by Crocker Liu, N. Edward Coulson and Walter Torous

More articles in Real Estate Economics from American Real Estate and Urban Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().