Spatial Concentration of Institutional Property Ownership: New Wave Atomistic or Traditional Urban Clustering

Leon G. Shilton () and Craig Stanley
Additional contact information
Leon G. Shilton: Fordham GBA Lincoln Center Campus New York, New York 10023, http://www.bnet.fordham.edu/public/default.htm
Craig Stanley: School of Business California State University-Sacramento Sacramento, California 95819, http://www.csus.edu/sba/

Journal of Real Estate Research, 1996, vol. 12, issue 3, 413-428

Abstract: NCREIF investors acquire property in counties that meet socioeconomic filtering criteria. In contrast to atomistic predictions, these investors acquire their apartment buildings, offices, retail facilities, and warehouses in density clusters. These clusters follow a model of a negative exponential demand curve, a model that previously explained the technologically caused density gradient of urban areas. Institutional investors signal their belief that clustering of properties is a value dimension.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1996
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/vol12n03/v12p413.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:12:n:3:1996:p:413-428

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 ().