Commercial real estate (CRE) is real estate held to generate income or used as an input into production by firms. It is notably different from other asset classes of a similar magnitude in that CRE is traded in private, illiquid markets. CRE is a hugely important asset class that has received less attention from the academic literature than asset classes that rival CRE in terms of sheer value. Yet pension funds, life insurance companies, sovereign wealth funds and other institutional investors seek the diversification benefits provided by CRE’s unusually steady income flow. The paper, “Commercial Real Estate as an Asset Class,” by Andra Ghent of UNC Kenan-Flagler Business School, Walter Torous of the MIT Center for Real Estate and Rossen Valkanov of UCSD’s Rady School of Management provides a much-needed overview of the CRE literature thus far, focusing on its attributes as an asset class.
...businesses develop the agility and adaptability to make themselves more resilient? Frontiers of Business Conference: Building Business Resilience October 10, 2024 The Carolina Inn, Chapel Hill, N.C. Watch the 2024...
From healthcare to manufacturing to consumer goods, the adoption of artificial intelligence and machine learning is quickly becoming indispensable to how we live our lives. Both were the focus of the Rethinc. Machine Learning Symposium on Friday, Nov. 29, at the Kenan Center in Chapel Hill.
Universal childcare reform implemented in Quebec, Canada, in the late 1990s boosted the careers and earnings of new mothers and produced positive outcomes for some companies as well.
Join Steve Malik and the Honorable Sarah Bloom Raskin on October 10 at The Carolina Inn for “Risk, Uncertainty and Adaptive Resilience: A Fireside Chat with UNC Kenan-Flagler Dean Mary Margaret Frank."
Please join us for an exclusive conversation with Andreessen Horowitz Managing Partner Scott Kupor on Monday, Oct. 21 from 4–5 p.m. The event is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford.
Private equity investments have risen dramatically during the last two decades, not only in developed countries but in developing economies as well. Several studies have found evidence of improvement in firm performance following a private equity (PE) transaction, but surprisingly little is known about the implications of PE transactions for the economy – particularly the global economy.
On Wednesday, Sept. 4, the Kenan Institute hosted the interdisciplinary seminar, “Does Tax Planning Affect Organizational Complexity: Evidence from Check-the-Box” at the Kenan Center in Chapel Hill.
The year 2019 has seen a multitude of events unprecedented in recent history. A crippling polar vortex followed by a destructive heatwave. Debate over blockchain and 5G permeating board rooms and Capitol Hill. The raging U.S.-China trade war. How do major global events like these affect those of us watching from the sidelines?
Monte-Carlo Integration is ubiquitous in science, engineering, finance and many other disciplines. It is well-known that quantum computing can achieve a quadratic advantage in Monte-Carlo Integration by using as a subroutine Quantum Amplitude Estimation (QAE), which is essentially a generalization of Grover Search — one of the oldest and most famous quantum algorithms. However, until recently this advantage was merely theoretical, in practice substantial overheads (associated with the need to perform arithmetic operations on the quantum computer) rendered Quantum Monte Carlo integration (QMCI) NISQ-infeasible.
The paper explores how the workload of emergency room physicians affects which non-urgent patients they choose to prioritize out of a full waiting room, and what the consequences of those decisions might be for both the doctor and patient.
Does practicing corporate social responsibility (CSR) bestow any benefits on how a firm is perceived by the public?
Nonpartisan business policy think tank connects corporate executives, academic researchers and policymakers with next-generation business leadership at UNC Kenan-Flagler Business School.
Is there an interest rate cut coming at the Fed’s meeting this month? Kenan Institute Research Fellow Christian Lundblad will discuss during the Kenan Institute’s monthly briefing at 9 AM EDT Friday, September 6.
Kenan Institute Research Director Camelia Kuhnen will explore consumer confidence and sentiment, federal policy uncertainty, and economic activity during the institute’s monthly virtual briefing at 9 AM EDT Friday, April 4.
Join Chief Economist Gerald Cohen for the institute's monthly virtual briefing this Wednesday, Oct. 9, discussing how the Federal Reserve employment report will impact future cuts.
An advance estimate shows the U.S. economy growing nearly 5% during the third quarter. Join Research Director Camelia Kuhnen in a virtual press briefing at 9 a.m. EDT this Friday, Nov. 3, for more on this and the morning's employment report.
Will uncertainty over new administration policy dent the economy? Kenan Institute Research Fellow Greg Brown will look at this question and more during the institute’s monthly virtual briefing at 9 AM EST Friday, February 7.
Private equity firms now manage commitments of nearly US$3.4t globally, up from less than US$500b in 2000, and in a significant shift new capital from private markets has surpassed for capital raised in public markets for the first time ever.
Kenan Institute Research Director Camelia Kuhnen will discuss consumer confidence along with recent changes in the labor market and inflation during the institute’s monthly virtual briefing at 9 AM EST Friday, December 6.