scholarly journals Commercial real estate investment and economic development in the Northeast region of the United States

2015 ◽  
Author(s):  
Tizita Wasihun
Keyword(s):  
United States ◽  
Economic Development ◽  
Real Estate ◽  
The United States ◽  
Commercial Real Estate ◽  
Real Estate Investment ◽  
Northeast Region

Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States

2000 ◽  
Vol 90 (1) ◽  
pp. 30-45 ◽  
Author(s):  
Joe Peek ◽  
Eric S Rosengren
Keyword(s):  
United States ◽  
Real Estate ◽  
Economic Activity ◽  
The United States ◽  
Commercial Real Estate ◽  
Real Activity ◽  
Real Estate Markets ◽  
Real Effects ◽  
Supply Shock ◽  
Loan Supply

The Japanese banking crisis provides a natural experiment to test whether a loan supply shock can affect real economic activity. Because the shock was external to U.S. credit markets, yet connected through the Japanese bank penetration of U.S. markets, this event allows us to identify an exogenous loan supply shock and ultimately link that shock to construction activity in U.S. commercial real estate markets. We exploit the variation across geographically distinct commercial real estate markets to establish conclusively that loan supply shocks emanating from Japan had real effects on economic activity in the United States. (JEL E44, F36)

scholarly journals AN ANALYSIS OF THE RELATIONSHIP BETWEEN NEW FIRM FORMATION AND ECONOMIC DEVELOPMENT IN THE NORTHEAST REGION OF THE UNITED STATES

2011 ◽  
Vol 16 (03) ◽  
pp. 289-306 ◽  
Author(s):  
SAIMA BASHIR ◽  
TESFA GEBREMEDHIN
Keyword(s):  
United States ◽  
Economic Development ◽  
Population Density ◽  
Capita Income ◽  
The United States ◽  
Firm Formation ◽  
Northeast Region ◽  
New Firm Formation ◽  
New Firm ◽  
Per Capita

The overall objective of this study is to provide policy makers identifies and estimates the role and impacts of new firm formation in the Northeast region of the United States. The empirical model of this study is derived from the three-equation simultaneous model of Deller et al. (2001). In this study, Three-Stage Least Squares (3SLS) method is used to estimate the simultaneous equations model. The research findings indicate that population density and per capita income have a positive link with new firm formation. Higher population density and per capita income encourage entrepreneurs to start new firms in the region. This leads to an increase of new jobs, which is a positive contribution to economic development in the Northeast region.

scholarly journals Dynamics of Large Corporate Forestland Ownerships in the United States

2021 ◽  
Author(s):  
Emma M Sass ◽  
Marla Markowski-Lindsay ◽  
Brett J Butler ◽  
Jesse Caputo ◽  
Andrew Hartsell ◽  
...  
Keyword(s):  
United States ◽  
Real Estate ◽  
Analysis Data ◽  
The United States ◽  
Real Estate Investment Trusts ◽  
Investment Management ◽  
Real Estate Investment ◽  
Forest Ownership ◽  
Investment Trusts ◽  
Timber Investment Management Organizations

Abstract Ownership of forestland in the United States has changed in recent decades, including the proliferation of timber investment management organizations (TIMOs) and real estate investment trusts (REITs), with the potential to alter forest management and timber supply. This article quantifies forest ownership transitions among ownership categories between 2007 and 2017 and investigates how and why large corporate ownerships own and manage their forestlands. Ownership transitions were determined from refined USDA Forest Service, Forest Inventory and Analysis data; we also conducted a survey of large corporate forestland ownerships. Corporate forestland acreage increased between 2007 and 2017, while family and public forestland decreased. Large corporate landowners report multidimensional, financially focused land management, although industry, timber investment management organizations, real estate investment trusts, and other owners report some different motivations and income streams. This work provides a baseline to track future ownership transitions and the behaviors of large corporate forestland owners.

scholarly journals Development and performance of timber REITs in the United States: A review and some prospects

2021 ◽  
Author(s):  
Srijana Baral ◽  
Bin Mei
Keyword(s):  
United States ◽  
Real Estate ◽  
Financial Performance ◽  
The United States ◽  
Real Estate Investment Trusts ◽  
Research Interest ◽  
Future Research ◽  
Real Estate Investment ◽  
Timber Industry ◽  
And Performance

Timber real estate investment trusts (REITs) are companies that own and manage timberland and generate revenue by harvesting and selling timber or other forest-related products. Due to their popularity with investors, timber REITs in the United States attracted growing research interest in the recent decades. This necessitates a review of existing knowledge on timber REITs’ evolution and their financial performance over the years. In this review, we summarized the history and development of timber REITs, discussed tax policies applicable to timber REIT growth and their implications. We also reviewed past studies focusing on the financial performance of timber REITs and synthesized methodologies used in those studies. At the end, we posited the possibility of consolidation waves in the timber industry and identified some opportunities for future research. This review can shed some new light on the evolution of public timber REITs and their financial performance.

scholarly journals Selected US Tax Developments: Guidance on Qualified Shareholders of REITs Still Lacking

2019 ◽  
Vol 67 (4) ◽  
pp. 1309-1317
Author(s):  
Peter A. Glicklich ◽  
Heath Martin
Keyword(s):  
United States ◽  
Real Estate ◽  
Foreign Investment ◽  
Property Tax ◽  
The United States ◽  
Internal Revenue Service ◽  
Real Property ◽  
Publicly Traded ◽  
Real Estate Investment ◽  
Tax Returns

The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) imposes tax and withholding requirements with respect to gain realized by a foreign person on the disposition of an interest in real property located in the United States. The Protecting Americans from Tax Hikes Act of 2015 created two new exemptions from FIRPTA, one for foreign pension funds and another for "qualified shareholders," which are essentially foreign publicly traded real estate investment trusts (REITs). In order to qualify for the exemption for qualified shareholders, a foreign REIT would likely need to be designated by the Internal Revenue Service as a "qualified collective investment vehicle," but no guidance has been provided on how a foreign REIT may obtain such designation. In the absence of such guidance, the exemption for qualified shareholders is effectively unavailable, and as time passes, taxpayers are losing their ability to take advantage of the exemption in current- or prior-year tax returns. The authors suggest that a foreign publicly traded REIT be allowed to "self-designate" as a qualified collective investment vehicle if it meets certain requirements.

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