The CRSP/Ziman REIT Data Series represents a collaborative effort between the The UCLA Ziman Center for Real Estate and The Center for Research in Security Prices at the University of Chicago. The REIT data series is a unique research resource whose development merges CRSP's experience in academic-quality financial database and index creation with the Ziman Center's expertise in real estate markets and the collection of real estate data.
Combining stock price and returns data with carefully researched information regarding the population, characteristics, and history of REITs, the CRSP/Ziman database provides firm-specific information and indexes essential to analyses of REITS.
Daily and monthly indexes are computed with both equal-and value-weighting for subsets defined by type of REIT and the types of properties predominately held by equity REITs. This new database includes several qualitative measures detailing market capitalizations, concentrations, and changes in index composition. These measures are useful in evaluating the information in the index series during periods when they were thinly populated.
By providing this information on all REITs that have traded on the three primary exchanges since 1980, the CRSP/Ziman REIT Data Series allows for time series and events studies, measurement of performance, accurate benchmarking, and in-depth analysis of the individual securities. In addition, the ability to use this data in conjunction with the CRSP/Compustat merged database allows for a wide range of research.
Download CRSP/Ziman Real Estate Data Series Guide (pdf)
KEY FEATURES INCLUDE:
- All REITs that have traded on the NYSE, Amex, and NASDAQ exchanges since 1980
- Indexes based on all REITs, REIT type, and REIT property type
- Daily and monthly data item frequency
- Individual security data includes PERMNO, name, price, share count, returns, property type, and REIT type
- Summary Statistics - Total value, beginning count, add count and value, drop count and value, observed count and value
- Herfindahl-Hirschman Index (HHI) and concentration ratio
DELIVERY & FORMAT OPTIONS:
- Annual or monthly shipments delivered on DVD
- Product ships as the Daily database or combined Daily/Monthly
- Ships as SAS datasets, ASCII format files, or as a Microsoft Access database
- Supported on Windows, Linux, and Sun Solaris
For additional information on the CRSP/Ziman REIT Data Series or purchasing subscriptions, please contact Stephen Cauley, Project Manager, Ziman/CRSP REIT Data Series,
firstname.lastname@example.org or subscriptions@crsp.ChicagoBooth.edu.
About the UCLA Ziman Center for Real Estate
Since its inception in 2001, the UCLA Ziman Center for Real Estate has provided the academic and real estate communities with leading economic and demographic research regarding an industry that is rapidly evolving. The Center continues to experience success in the advancement of the quality of real estate research, in the training of highly skilled professionals, and in bridging the gap between real estate research and practice, by capitalizing on its strengths in finance, entrepreneurial studies and technology; expert faculty; superior research, forecasting and analytical tools. Its partnership with resources throughout one of the most globally renowned universities, UCLA, provides great mutual benefit, and allows the Center to succeed in redefining the realestate industry.
Developers of the CRSP/Ziman Real Estate Data Series
Stephen Day Cauley is the project manager for the CRSP/Ziman REIT Data Series for the Ziman Center. Professor Cauley previously served as the Ziman Center's Associate Director for Research and taught real estate investments at the UCLA Anderson School of Management. His research involves the application of recent advances in economics, finance and statistics to the valuation of publicly and privately held real estate. As part of this research, he has developed innovative statistical and visualization techniques to analyze spatial variation in real estate markets. He has held academic and research positions at the UCLA Department of Economics, and at the RAND Corporation. Dr. Cauley was licensed as a real estate broker by the state of New Mexico where he was a principal of a firm that formed and managed real estate limited partnerships. Dr. Cauley earned his Ph.D. in economics from UCLA and has been a visiting scholar in finance at The Anderson School.
Robert R. Bliss is the F. M. Kirby Chair in Business Excellence at the Calloway School of Business and Accountancy at Wake Forest University where he teaches finance. Prior to joining the faculty at Wake Forest University Professor Bliss held positions at the Federal Reserve Bank of Chicago, the Bank of England and the Federal Reserve Bank of Atlanta. Previously, Dr. Bliss was an Assistant Professor of Finance at Indiana University. Professor Bliss's research interests include the term structure of interest rates, interest rate derivatives, risk management, bank regulation, and the law and economics of insolvency. Professor Bliss earned his doctorate in finance from the University of Chicago. He has enjoyed a long association with Professor Fama, which includes the development of the Fama-Bliss Discount Bonds Files. His interests in database development originate in the years he spent as a senior programmer at the Center for Research in Securities Prices working on the stock and bond files.