How Small Apartment Assets Outperform their Larger Counterparts: An Analysis of Investment Risk and Returns, Price Dynamics, and Leverage Points by Property Size

The 26 million‐unit, 558,0000‐property U.S. apartment property market exhibits remarkable heterogeneity when it comes to property size. And despite all the efficiencies one would expect to see in a $5.1 trillion asset market, two surprising patterns emerge: small apartment properties persistently o...

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Bibliographic Details
Main Author: Nicolais, Teo P.
Other Authors: Geltner, David M.
Format: Thesis
Published: Massachusetts Institute of Technology 2022
Online Access:https://hdl.handle.net/1721.1/144660