第12回不動産経済・経済測定ワークショップ(Workshop on Economic Measurement and Activities Group: EMAG):国際ワークショップ

Dear All:

On behalf of the MIT Center for Real Estate, Price Dynamics Platform, we are pleased to invite you to a small, informal academic symposium we will be holding at the Center on Friday March 13, on the subject of: Daily Frequency & Stock Market Based Price Indexing of Commercial Property. We will have in-depth presentations of at least two academic working papers on these topics. We will also have ample time for open discussion of the topic. While the formal papers are academic, I am hoping that at least several of you from industry will also come, so we can have some cross-fertilization between academia and industry. As you can see from the invitation list, we are hoping to gather several people interested in this topic from the communities of NAREIT and NCREIF, as well as from our local academic community. The symposium is planned for 1:00-5:00pm, lunch will be provided and beers and dinner in Cambridge afterwards for anyone who can stay for it.

The featured academic paper presenters will be:

Professors Chihiro Shimizu (U.Tokyo), Jiro Yoshida (Penn State), Kohei Kawai (Xymax Corp), and Alex van de Minne (U.Conn).

In addition to one paper each on the featured daily frequency (van de Minne) and stock market based indexing (Shimizu) topics, there will be a third paper on depreciation of rents and capex in Tokyo office buildings.

We are hoping one or more of the invitees from industry would care to present (very informally) about the daily frequency price index that NCREIF has developed. Anyone willing to present or discuss the related topic of commercial property price index derivatives is also encouraged to come and do so.

I apologize for the short notice and informal nature of this event; this symposium has arisen in a rather opportune manner, but I do hope as many of you as possible can come, and if you do, that will make it a success! If you can’t come, but know someone else whom you think would benefit and enjoy it, don’t hesitate to let us know. It should be a very relaxed environment good for brainstorming and cross-fertilization of ideas.

Please RSVP to India Clark at iclark@mit.edu (cc to me and/or Dorinth too: dgeltner@mit.edu, dvandijk@mit.edu).