The Real Estate Research Institute (RERI)

The Real Estate Research Institute is a non-profit organization created to stimulate high quality research on real estate investment performance and market fundamentals that will elevate the quality of real estate decision making. The Institute's mission is to encourage research that applies academic theory and analytic techniques to real estate investment decision-making.

RERI's mission is closely aligned with PREA's mission to serve its members engaged in institutional real estate investment through the sponsorship of objective forums for education, research initiatives, membership interaction and the exchange of information.

The relationship between PREA and RERI began in 1991, when PREA became a sustaining sponsor. PREA encourages the support of RERI and their research efforts. Today, RERI also receives sponsorship from many PREA member firms. For more information about RERI, visit their Web site at

Papers presented at the 2022 RERI Conference:

Horizontal or Vertical? The Agglomerative Effects of Building and Neighbourhood Specialisation on Property Valuation
Authors: Chen Zheng, Croker Liu, Bing Zhu

Explaining Cap Rate Variation in Single-Tenant Properties: The Role of Tenant Credit Quality and Tenant Characteristics
Authors: Tingyu Zhou, Mariya Letdin, Greg T. Smersh, G. Stacy Sirmans

Impact of High-Skill Jobs On Commercial Real Estate
Authors: Brent Ambrose, Sumit Agarwal, Lily Shen

Transit Oriented Development, Walkability, and Commercial Property Markets: A Tale of Two Cities (working paper with Austin and Toronto)
Authors: Jim Clayton, Jeffrey Cohen

Resilient Regions: Commercial Real Estate Markets and Natural Disasters
Authors: Shaun Bond, Ed Coulson, Shawn McCoy, Ian McDonough

The Impact of Hurricanes on Commercial Real Estate Transactions
Authors: Lu Fang, Lingxiao Li, David Scofield, Abdullah Yavas

Global Pension Fund Investments in Real Estate Dynamic Allocation and Strategic Benchmark Choice
Authors: Nils Kok, Alexander Carlo, Piet Eichholtz

ESG Investment and Private Real Estate Returns
Authors: Avis Devine, Drew Sanderford, Chongyu Wang

To search all RERI funded papers, click here. Administrative functions of the Institute are housed at the Pension Real Estate Association headquarters in Hartford, CT.