Author: Arnold L. Redman and John R. Tanner

Start Page: 67
End Page: 80
Volume: 4
Issue Number: 3
Year: 1989
Publication: Journal of Real Estate Research

Abstract: Rising property values as well as corporate restructuring have given real estate greater importance in corporate asset management. Previous research has examined the capital budgeting procedures of corporations and institutional investors for real estate. However, these studies have not examined both the capital budgeting and disposition criteria used by service, retail, and manufacturing corporations for real estate. This study surveys the acquisition and disposition rules used by executives as well as the use of leasing. This survey covers the size of real estate investments, use of real property leasing, use of real estate sale/leaseback arrangements and the real estate asset acquisition and disposition criteria of corporations.