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The effect of appraiser rotation : Dutch institutional investors’ experience (2015)
Journal Article
van der Werf, Y., & Huibers, F. (2015). The effect of appraiser rotation : Dutch institutional investors’ experience

Institutional investors experience a large valuation gap when they change appraiser on their investment properties compared to months or quarters when there is no change of appraiser. We find that appraiser rotation leads to a significant effec... Read More about The effect of appraiser rotation : Dutch institutional investors’ experience.

Value premium in international REITs (2014)
Journal Article
van der Werf, Y. M., & Huibers, F. (2014). Value premium in international REITs

We find evidence of a value premium of 10.3 per cent per annum for international developed REITs over the period Q2-1993-Q2-2013. REITs with a high book value of equity compared to their market value of equity (in case of REITs book value of equity i... Read More about Value premium in international REITs.