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On the determinants of transaction frequency of institutional commercial timberland properties in the United States

Publication ,  Journal Article
Mei, B
Published in: Land Economics
May 1, 2018

Using property-level data (1987Q1-2015Q4) from the National Council of Real Estate Investment Fiduciaries, this study examines the determinants of transaction frequency of institutional commercial timberland properties in the United States. Controlling for both macro- and microlevel factors in a logit regression, the overall financial return of the timberland market, the discrepancy between anticipated sale price and last appraisal value, the superior performance of individual timberland properties over the market average, and geographic locations are found to significantly influence timberland transaction frequency. Aggregate market outlook and growth rate of the national economy are also found to have material impacts on the likelihood of timberland sales.

Duke Scholars

Published In

Land Economics

DOI

EISSN

1543-8325

ISSN

0023-7639

Publication Date

May 1, 2018

Volume

94

Issue

2

Start / End Page

206 / 219

Related Subject Headings

  • Agricultural Economics & Policy
  • 1402 Applied Economics
 

Citation

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Mei, B. (2018). On the determinants of transaction frequency of institutional commercial timberland properties in the United States. Land Economics, 94(2), 206–219. https://doi.org/10.3368/le.94.2.206
Mei, B. “On the determinants of transaction frequency of institutional commercial timberland properties in the United States.” Land Economics 94, no. 2 (May 1, 2018): 206–19. https://doi.org/10.3368/le.94.2.206.
Mei, B. “On the determinants of transaction frequency of institutional commercial timberland properties in the United States.” Land Economics, vol. 94, no. 2, May 2018, pp. 206–19. Scopus, doi:10.3368/le.94.2.206.
Journal cover image

Published In

Land Economics

DOI

EISSN

1543-8325

ISSN

0023-7639

Publication Date

May 1, 2018

Volume

94

Issue

2

Start / End Page

206 / 219

Related Subject Headings

  • Agricultural Economics & Policy
  • 1402 Applied Economics