Do Syndications Pay More for Real Estate?
研究检验了联合投资组织在公寓交易中是否比其他组织形式支付更高价格，结果无法拒绝价格相等的假设。
Syndications have been widely used in real estate investment in recent years. Some have argued that syndications have been paying significantly higher prices than other forms of business organization. Using a sample of apartment transactions, we tested for price differences among alternative ownership forms. The results indicate that the null hypothesis of equal price cannot be rejected.