Internal Transparency in Real Estate Markets
Jacques N. Gordon
Zell/Lurie Center Working Papers from Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
Abstract:
Investment real estate has operated outside the mainstream of the global capital markets for many years. Changes now under way around the world will integrate property into the broader world of corporate finance. The demands of investors for higher levels of disclosure will transform the way that real estate is financed in both the public and private markets. These changes also impact how investors approach the role of real estate in an investment portfolio and how occupiers finance their real estate needs. Winners and losers will arise as market efficiency increases, but overall, investors and occupiers will benefit from these changes.
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Persistent link: https://EconPapers.repec.org/RePEc:wop:pennzl:356
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