Ownership Structure, Property Performance, Multifamily Properties and REITs

This research extends literature that empirically evaluates the impact of ownership and management structure on property level performance. The results show that multifamily properties owned and managed by real estate investment trusts (REITs) generate higher effective rents at the property level than non-REIT-owned properties. After controlling for positive operating scale and brand effects, REIT property level performance is better than non-REIT property level performance in the market studied. The REIT structure represents diversified scale operators with property management skills. The results imply that the structure of property ownership can impact property performance.

The support of the limit distribution of optimal Riesz energy points on sets of revolution in R3\mathbb{R}^{3}

Let A be a compact set in the right-half plane and $\Gamma(A)$ the set in $\mathbb{R}^{3}$ obtained by rotating A about the vertical axis. We investigate the support of the limit distribution of minimal energy point charges on $\Gamma(A)$ that interact according to the Riesz potential 1/r^{s}, 0<s<1, where r is the Euclidean distance between points. Potential theory yields that this limit distribution coincides with the equilibrium measure on $\Gamma(A)$ which is supported on the outer boundary of $\Gamma(A)$. We show that there are sets of revolution $\Gamma(A)$ such that the support of the equilibrium measure on $\Gamma(A)$ is {\bf not} the complete outer boundary, in contrast to the Coulomb case s=1. However, the support of the limit distribution on the set of revolution $\Gamma(R+A)$ as R goes to infinity, is the full outer boundary for certain sets A, in contrast to the logarithmic case (s=0)

A gauge invariant chiral unitary framework for kaon photo- and electroproduction on the proton

We present a gauge invariant approach to photoproduction of mesons on nucleons within a chiral unitary framework. The interaction kernel for meson-baryon scattering is derived from the chiral effective Lagrangian and iterated in a Bethe-Salpeter equation. Within the leading order approximation to the interaction kernel, data on kaon photoproduction from SAPHIR, CLAS and CBELSA/TAPS are analyzed in the threshold region. The importance of gauge invariance and the precision of various approximations in the interaction kernel utilized in earlier works are discussed.Comment: 23 pages, 13 figs, EPJ A styl

Group theoretic dimension of stationary symmetric \alpha-stable random fields

The growth rate of the partial maximum of a stationary stable process was first studied in the works of Samorodnitsky (2004a,b), where it was established, based on the seminal works of Rosi\'nski (1995,2000), that the growth rate is connected to the ergodic theoretic properties of the flow that generates the process. The results were generalized to the case of stable random fields indexed by Z^d in Roy and Samorodnitsky (2008), where properties of the group of nonsingular transformations generating the stable process were studied as an attempt to understand the growth rate of the partial maximum process. This work generalizes this connection between stable random fields and group theory to the continuous parameter case, that is, to the fields indexed by R^d.Comment: To appear in Journal of Theoretical Probability. Affiliation of the authors are update

Herpetofaunal Inventories of the National Parks of South Florida and the Caribbean: Volume III. Big Cypress National Preserve

Amphibian declines and extinctions have been documented around the world, often in protected natural areas. Concern for this trend has prompted the U.S. Geological Survey and the National Park Service to document all species of amphibians that occur within U.S. National Parks and to search for any signs that amphibians may be declining. This study, an inventory of amphibian species in Big Cypress National Preserve, was conducted from 2002 to 2003. The goals of the project were to create a georeferenced inventory of amphibian species, use new analytical techniques to estimate proportion of sites occupied by each species, look for any signs of amphibian decline (missing species, disease, die-offs, and so forth.), and to establish a protocol that could be used for future monitoring efforts. Several sampling methods were used to accomplish these goals. Visual encounter surveys and anuran vocalization surveys were conducted in all habitats throughout the park to estimate the proportion of sites or proportion of area occupied (PAO) by each amphibian species in each habitat. Opportunistic collections, as well as limited drift fence data, were used to augment the visual encounter methods for highly aquatic or cryptic species. A total of 545 visits to 104 sites were conducted for standard sampling alone, and 2,358 individual amphibians and 374 reptiles were encountered. Data analysis was conducted in program PRESENCE to provide PAO estimates for each of the anuran species. All of the amphibian species historically found in Big Cypress National Preserve were detected during this project. At least one individual of each of the four salamander species was captured during sampling. Each of the anuran species in the preserve was adequately sampled using standard herpetological sampling methods, and PAO estimates were produced for each species of anuran by habitat. This information serves as an indicator of habitat associations of the species and relative abundance of sites occupied, but it will also be useful as a comparative baseline for future monitoring efforts. In addition to sampling for amphibians, all encounters with reptiles were documented. The sampling methods used for detecting amphibians are also appropriate for many reptile species. These reptile locations are included in this report, but the number of reptile observations was not sufficient to estimate PAO for reptile species. We encountered 35 of the 46 species of reptiles believed to be present in Big Cypress National Preserve during this study, and evidence exists of the presence of four other reptile species in the Preserve. This study found no evidence of amphibian decline in Big Cypress National Preserve. Although no evidence of decline was observed, several threats to amphibians were identified. Introduced species, especially the Cuban treefrog (Osteopilus septentrionalis), are predators and competitors with several native frog species. The recreational use of off-road vehicles has the potential to affect some amphibian populations, and a study on those potential impacts is currently underway. Also, interference by humans with the natural hydrologic cycle of south Florida has the potential to alter the amphibian community. Continued monitoring of the amphibian species in Big Cypress National Preserve is recommended. The methods used in this study were adequate to produce reliable estimates of the proportion of sites occupied by most anuran species, and are a cost-effective means of determining the status of their populations

The Rate of Type Ia Supernovae at High Redshift

We derive the rates of Type Ia supernovae (SNIa) over a wide range of redshifts using a complete sample from the IfA Deep Survey. This sample of more than 100 SNIa is the largest set ever collected from a single survey, and therefore uniquely powerful for a detailed supernova rate (SNR) calculation. Measurements of the SNR as a function of cosmological time offer a glimpse into the relationship between the star formation rate (SFR) and Type Ia SNR, and may provide evidence for the progenitor pathway. We observe a progressively increasing Type Ia SNR between redshifts z~0.3-0.8. The Type Ia SNR measurements are consistent with a short time delay (t~1 Gyr) with respect to the SFR, indicating a fairly prompt evolution of SNIa progenitor systems. We derive a best-fit value of SFR/SNR 580 h_70^(-2) M_solar/SNIa for the conversion factor between star formation and SNIa rates, as determined for a delay time of t~1 Gyr between the SFR and the Type Ia SNR. More complete measurements of the Type Ia SNR at z>1 are necessary to conclusively determine the SFR--SNR relationship and constrain SNIa evolutionary pathways.Comment: 37 pages, 9 figures, accepted for publication in Astrophysical Journal. Figures 7-9 correcte

Equidistribution of the Fekete points on the sphere

The Fekete points are the points that maximize a Vandermonde-type determinant that appears in the polynomial Lagrange interpolation formula. They are well suited points for interpolation formulas and numerical integration. We prove the asymptotic equidistribution of the Fekete points in the sphere. The way we proceed is by showing their connection with other array of points, the Marcinkiewicz-Zygmund arrays and the interpolating arrays, that have been studied recently

Crystalline Order On Riemannian Manifolds With Variable Gaussian Curvature And Boundary

We investigate the zero temperature structure of a crystalline monolayer constrained to lie on a two-dimensional Riemannian manifold with variable Gaussian curvature and boundary. A full analytical treatment is presented for the case of a paraboloid of revolution. Using the geometrical theory of topological defects in a continuum elastic background we find that the presence of a variable Gaussian curvature, combined with the additional constraint of a boundary, gives rise to a rich variety of phenomena beyond that known for spherical crystals. We also provide a numerical analysis of a system of classical particles interacting via a Coulomb potential on the surface of a paraboloid.Comment: 12 pages, 8 figure

Equidistribution of the Fekete points on the sphere

The Fekete points are the points that maximize a Vandermonde-type determinant that appears in the polynomial Lagrange interpolation formula. They are well suited points for interpolation formulas and numerical integration. We prove the asymptotic equidistribution of the Fekete points in the sphere. The way we proceed is by showing their connection with other array of points, the Marcinkiewicz-Zygmund arrays and the interpolating arrays, that have been studied recently