Essec\Faculty\Model\Contribution {#2190
  #_index: "academ_contributions"
  #_id: "2160"
  #_source: array:26 [
    "id" => "2160"
    "slug" => "optimal-holding-period-for-a-real-estate-porfolio"
    "yearMonth" => "2007-01"
    "year" => "2007"
    "title" => "Optimal Holding Period for a Real Estate Porfolio"
    "description" => "BARONI, M., BARTHELEMY, F. et MOKRANE, M. (2007). Optimal Holding Period for a Real Estate Porfolio. <i>Journal of Property Investment and Finance</i>, pp. 603-625."
    "authors" => array:3 [
      0 => array:3 [
        "name" => "BARONI Michel"
        "bid" => "B00000023"
        "slug" => "baroni-michel"
      ]
      1 => array:1 [
        "name" => "BARTHELEMY Fabrice"
      ]
      2 => array:1 [
        "name" => "MOKRANE M."
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:4 [
      0 => "Analyse de sensibilité"
      1 => "Cash-flows actualisés"
      2 => "Evaluation immobilière"
      3 => "Valeur de marché, Immobilier"
    ]
    "updatedAt" => "2021-07-13 14:30:44"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "603-625"
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "L'article montre que le modèle standard des DCF n'est pas adapté pour faire ressortir l'existence d'une durée optimale de détention pour les portefeuilles immobiliers. Un modèle alternatif est proposé en calculant la valeur terminale en utilisant un processus de diffusion. Les conclusions de l'article montrent que l'on peut déterminer des périodes de détention optimales pour les portefeuilles immobiliers dans des conditions très précises qui sont fonction du coût du capital de l'investisseur, du rendement initial du portefeuille et du taux de croissance des cash flows."
      "en" => "The article shows that a standard DCF modelling framework is not adapted to offer sufficient insight into the mechanics leading to optimal holding periods for real estate portfolios. A richer framework is offered that enables the portfolios terminal value to behave according to a simple diffusion process. The findings of the article show that optimal holding periods for real estate investment portfolios exist within very precise conditions, which are determined by the investor's cost of capital,  the portfolio's net initial yield and the cash flow growth rate."
    ]
    "authors_fields" => array:2 [
      "fr" => "Systèmes d’Information, Sciences de la Décision et Statistiques"
      "en" => "Information Systems, Decision Sciences and Statistics"
    ]
    "indexedAt" => "2024-04-19T03:21:55.000Z"
    "docTitle" => "Optimal Holding Period for a Real Estate Porfolio"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/baroni-michel">BARONI Michel</a>, BARTHELEMY Fabrice, MOKRANE M."
    "docDescription" => "<span class="document-property-authors">BARONI Michel, BARTHELEMY Fabrice, MOKRANE M.</span><br><span class="document-property-authors_fields">Information Systems, Decision Sciences and Statistics</span> | <span class="document-property-year">2007</span>"
    "keywordList" => "<a href="#">Analyse de sensibilité</a>, <a href="#">Cash-flows actualisés</a>, <a href="#">Evaluation immobilière</a>, <a href="#">Valeur de marché, Immobilier</a>"
    "docPreview" => "<b>Optimal Holding Period for a Real Estate Porfolio</b><br><span>2007-01 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Optimal Holding Period for a Real Estate Porfolio</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.39958
  +"parent": null
}