Doctoral Dissertation Research: Securitization and Institutionalization in Commercial Real Estate Finance: Changing the Geography of Capital

近几十年来，商业房地产行业经历了重要的结构性转型，包括资本来源的全球化、资产的全球化证券化以及新型金融中介机构的发展。用于推动投资进程的资金来源发生了重大变化。该提案将开发一种技术方法来记录关键机构做出商业房地产资本供应决策的行为。它的目的是发展对这些行动在选定的区域经济体中的后果的理解。该调查是对4个首都圈的房地产行业主要资金提供者和当地投资主体进行调查的结果。此外，研究将包括对大都市地区特定商业物业的案例研究，以检查这些全球进程的当地结果。其结果将提高对这些市场中起作用的投资机制及其后果的认识。

Lindahl, David U. of Washington In recent decades the commercial real estate industry has undergone important structural transformations, including globalization of capital sources, the globalized securitization of assets, and the development of new types of financial intermediaries. There have been major changes in sources of capital being used to fuel the investment process. This proposal will develop a technical approach to document the behavior of key institutions making commercial real estate capital supply decisions. It will aim to develop an understanding of the consequences of these actions in selected regional economies. The survey entails an investigation of major suppliers of capital to the real estate industry as well as local investment players in four metropolitan areas. In addition the research will include case studies of specific commercial properties in the metropolitan areas to examine the local outcomes of these global processes. The results will improve of knowledge of the investment mechanisms at work and their consequences in such markets.