Properties with high walk scores had lower risk of default

A study by Gary Pivo of the University of Arizona determined that properties with high walk scores had a much lower risk of default than properties with low walk scores.  In other words, properties near retail and transits were safer bets for lenders and by inference for investors (or more conservative investors buy properties with low walk scores?).

Walk Score and Multifamily Default: The Significance of 8 and 80 – hoytpivo_mfhousing_walkscore_122013.pdf.