Over the past two decades institutional investors have experienced increased allocation to “alternative” private‐market assets like commercial real estate (CRE). Indeed, CRE comprises an estimated at $18 trillion in total value in the United States alone with roughly $6 trillion considered to be of institutional investment quality. With the growing allocations to CRE, investment professionals increasingly need access to quantitative tools and transparency on par with the other portfolio asset classes.
CREDA is an association of industry professionals and academics from multiple academic institutions who are committed to expanding access to commercial real estate data for academic research. Currently, CREDA is in Phase I of a three phase initiative to coordinate among commercial data providers and academic researchers:
- Phase 1 – Feasibility study which will identify a small sample of properties about which a variety of willing data providers would likely have information. Primary goals are to assess the level of consistency across datasets and the feasibility of merging diverse data sources. We also seek to identify a set of important research questions to be explored in subsequent phases
- Phase 2 – Scale the merging of datasets to obtain a large enough sample for meaningful academic research (e.g., 5,000 properties)
- Phase 3 – Scale to full datasets
Further details on CREDA’s efforts are available in the report “Commercial Real Estate Data: Towards Parity with Other Asset Classes”.
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Commercial Real Estate Data: Towards Parity with Other Asset Classes
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