... (J-REITs) and appraised by professionals from Japan's largest real estate appraisal organisation. Multiple regression analysis is employed to compare property valuation models with and without façade sensory evaluation variables, while path analysis is used to identify the indirect effects of façade...

... foreign investment patterns, offering insights for managers, investors and policymakers. Design/methodology/approach Using panel regression (fixed and random effects) on 33 J-REITs, this study analyses firm-level, asset type, sponsorship and macro-financial factors as well as the impact of inclusion...