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Journal Articles
Journal of European Real Estate Research (2013) 6 (1): 34–47.
Published: 03 May 2013
...David Scofield Purpose The purpose of this paper is to provide new insights into asset liquidity in direct commercial real estate investment in the UK. Transaction data provided by four institutional investors of commercial real estate are used to test for changes in asset liquidity as manifest...
Journal Articles
Journal Articles
Journal of European Real Estate Research (2009) 2 (1): 33–55.
Published: 08 May 2009
... of leverage on net asset value (NAV) discount is biased by an accounting effect as well as to investigate the determinants of NAV discount by means of the “rational” approach. Design/methodology/approach The hypotheses are tested by using both the traditional formula as well as a new, unlevered one...

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