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The Journal of Real Estate Research, online

ARES JRER LEGACY AWARDS
(US $25,000, $10,000 and $5,000)

In 2006, ARES established two best paper-awards (US $10,000 and $5,000) for papers published in the Journal of Real Estate Research.  ARES subsequently increased the number of awards from two to three in 2008.  The first award became $25,000, the second was US$10,000 and the third was US$5,000. The three awards were determined by the votes of the editorial board after the papers are published in JRER. The procedure of selection is as follows:

a. At the end of the year, the Editor will send a survey sheet to all members of the editorial board. In the survey forms, all papers published in JRER during the year will be listed as candidates.

b. There will be a total of 90 points. Each editorial board member has one vote that counts as one point (a total of 75 points from the editorial board members). The Editor of the Journal has a vote that counts as 15 points.

c. The first award ($25,000) will be given if
i. A paper receives more than 45 points in the first round of voting.
ii. If none of the papers received 45 points in the first round, the top 5 papers will get into the second round. The one that gets the highest points (in the second round) will receive the first award.

d. The second and third awards ($10,000 and $5,000, respectively) will be given after
i. The winner of the first award is determined.
ii. A vote is made on the papers receiving the next 4 highest votes (from step c). The two papers receiving the most votes will get the second and third awards.

e. Publications of the editor(s) of JRER shall not be eligible to win any of the prizes.

f. The authors must attend the award function at their own expense to receive the award.

The two awards ($10,000 and $5,000) were given for the first time at the 2007 ARES Annual Meeting. The three awards ($25,000, $10,000 and $5,000) were given for the first time on April, 2012. The date and amount of the next round of awards will be determined at a later date.
 
The Web Site of the Journal of Real Estate Research is hosted by the The Edward St. John Real Estate Program, Carey Business School at Johns Hopkins University.

 
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