Real Estate Asset Management Companies’ Economies of Scale: Is It a Dream or Reality? The Italian Case

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left">Response</td><td class="align_center"><i>Y</i></td><td class="align_center">Net fees</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">Regressors</td><td class="align_center"><i>X</i><sub>1</sub></td><td class="align_center">Number of real estate funds managed</td></tr><tr><td class="align_left">Regressors</td><td class="align_center"><i>X</i><sub>2</sub></td><td class="align_center">Administrative costs</td></tr><tr><td class="align_left">Regressors</td><td class="align_center"><i>X</i><sub>3</sub></td><td class="align_center">Asset under management</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Second multivariate regression.</div>

Complexity

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Table 3

Table 3: Real Estate Asset Management Companies’ Economies of Scale: Is It a Dream or Reality? The Italian Case 