On the Determinants of Transaction Frequency of Institutional Commercial Timberland Properties in the United States

Bin Mei

Land Economics, 2018, vol. 94, issue 2, 206-219

Abstract: Using property-level data (1987Q1–2015Q4) from the National Council of Real Estate Investment Fiduciaries, this study examines the determinants of transaction frequency of institutional commercial timberland properties in the United States. Controlling for both macro- and microlevel factors in a logit regression, the overall financial return of the timberland market, the discrepancy between anticipated sale price and last appraisal value, the superior performance of individual timberland properties over the market average, and geographic locations are found to significantly influence timberland transaction frequency. Aggregate market outlook and growth rate of the national economy are also found to have material impacts on the likelihood of timberland sales.

JEL-codes: C34 Q23 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.3368/le.94.2.206
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:94:y:2018:i:2:p:206-219

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