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Donn Kim's Research Published in Quarterly Review of Economics and Finance

November 19, 2019  | 1 min read

Donn Kimm’s research paper with Daniel Huerta Sanchez (Florida Gulf Coast University), Mohammad Jafarinejad (University of Wisconsin), and Kenneth Soyeh (College of Charleston) entitled, “Disentangling Bubbles in Equity REITs” was accepted and published in Quarterly Review of Economics and Finance. The paper examines the occurrence of price bubbles in equity real estate investment trusts (REITs) classified by property type focus.

The market capitalization of equity REITs was approximately $1 trillion at the end of 2018, creating employment of over 80 million Americans. Prior research on REIT price bubbles often treat equity REITs as a single asset class and do not consider differing characteristics among REITs that are focused on a single property. Donn’s research addresses the limitation by testing bubbles in equity REITs based on their asset holdings. Read Disentangling Bubbles in Equity REITs.