REIT selection and portfolio construction: Using operating efficiency as an indicator of performance

Journal of Real Estate Portfolio Management

Volumn 9, Issue 1, 2003, Pages 17-28

  Anderson, Randy I ^a   Springer, Thomas M ^b  

^a CITY UNIVERSITY OF NEW YORK   (United States)

^b FLORIDA ATLANTIC UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 3543041231     PISSN: 10835547     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (9)

1. Ali, A. I., C. S. Lerme and L. M. Seiford, Components of Efficiency Evaluation in Data Envelopment Analysis Models, European Journal of Operational Research, 1995, 80, 462-73.
2. Anderson, R., R. Fok, L. V. Zumpano and H.W. Elder, Measuring the Efficiency of Residential Real Estate Brokerage Firms, Journal of Real Estate Research, 16, 1998, 139-58.
3. Anderson, R. I., D. Lewis and T. M. Springer, Operating Efficiencies in Real Estate: A Review of the Literature, Journal of Real Estate Literature, 2000, 8:1.
4. Anderson, R. I., T. M. Springer, R. Fok and J. R. Webb, Technical Efficiency and Economies of Scale: A Non-parametric Analysis of REITs, European Journal of Operations Research, 2002, 139, 598.
5. Cooper, M., D. H. Downs and G. A. Patterson, Real Estate Securities and a Filter-based, Short-term Trading Strategy, Journal of Real Estate Research, 1999, 18:2, 313-54.
6. Downs, D. H. and Z. N. Guner, Is the Information Deficiency in Real Estate Evident in Public Market Trading?, Real Estate Economics, 1999, 27:3, 517-42.
7. Koch, R. L., Analyzing REIT Stocks: Valuation and Performance Issues, Real Estate Review, 1998, Summer, 12-23.
8. Leibenstein, H., Allocative Efficiency vs. "X-Efficiency," American Economic Review, 1966, 56, 392-414.
9. Lewis, D., T. M. Springer and R. I. Anderson, The Cost Efficiency of Real Estate Investment Trusts: A Bayesian Stochastic Frontier Approach, Journal of Real Estate Finance and Economics, 2003, 26, 65-80.