Eres : Digital Library : Works

Paper eres2004_109:
The Reaction of Capitalization Rates to Natural Disasters

id eres2004_109
authors Bleich, Donald
year 2004
title The Reaction of Capitalization Rates to Natural Disasters
source 11th European Real Estate Society Conference (2-5 June 2004) Milano, Italy
summary This study analyzes the effect of the Northridge Earthquake on capitalization rates in the multifamily building market in Los Angeles, California. The results indicate that the Northridge Earthquake had a negative impact and overall capitalization rates rose. This negative effect, however, was not uniform over the entire Los Angeles area. During the first year the impact was correlated with distance to the epicenter and proximity to areas with high concentrations of damage. This negative effect, however, proved to be a temporary phenomenon. By the third year after the earthquake the negative effects of the earthquake were not significant.
keywords Capitalization Rates; Earthquakes; Apartment Buildings
series ERES:conference
email donald.bleich@csun.edu
discussion No discussions. Post discussion ...
ratings
session Methods and Techniques I
last changed 2008/12/21 10:41
HOMELOGIN (you are user _anon_522127 from group guest) Powered by SciX Open Publishing Services 1.002