Response speeds of direct and securitized real estate to shocks in the fundamentals

Contact information

Elias Oikarinen: Email: [email protected]

Camilo Serrano: Email: [email protected]

Acknowledgements

We are thankful to Bryan D. MacGregor, Julian Williams, Liang
Peng, and the participants at the Skye international real estate
seminar and at the ReCapNet Conference for helpful comments.
We also thank NAREIT for providing us with data. The first
author is grateful for financial support received from the OP-
Pohjola Group Research Foundation.

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