Modeling the Value-Adding Attributes of Real Estate to the Wealth Maximization of the Firm

From: The Journal of Real Estate Research | Date: October 1, 2006| Author: | Copyright information

Abstract

Firms develop strategies to help them achieve their primary goal of maximizing the wealth of the shareholders. These strategies should define the supporting role corporate real estate management plays; however, current theory and practice do not adequately identify the direct and indirect methods by which corporate real estate management (CREM) adds value to the firm. This paper develops a model of how real estate adds value to the firm to help fill this void. This model can be then used to develop more precise and complete metrics to measure the value real estate adds to the firm.

...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

The changing face of corporate real estate. (Asset Management)
; ...its Phase One report on Corporate Real Estate 2000, a project which is...strategic goals of the business. Corporate real estate executives must think of...goals of the corporation. Corporate real estate's response In order to make...
Networks will transform corporate real estate, industry research says
; ...A key responsibility of corporate real estate executives will be to enable...the most startling: The corporate real estate function may cease to exist...Marc Golan is one who sees corporate real estate merging with IT. "It's really...
Time, place, space, technology and corporate real estate strategy
; ...This survey finds that corporate real estate managers and service providers...its role in their future. Corporate real estate managers believe that to...disposing of real estate. Often corporate real estate officers and others in the...
CORPORATE REAL ESTATE MANAGEMENT IN SINGAPORE: A BUSINESS MANAGEMENT PERSPECTIVE
; ABSTRACT. Corporate real estate management (CREM) practices in Asia have been a...on three main business management perspectives: corporate real estate planning, corporate real estate organizational structure and corporate real estate...
Corporate real estate management during the transition in Russia*
; The article reviews corporate real estate management problems during...and the functions of the corporate real estate department and managers...growth of interest in the corporate real estate management (CREM) problems...
Corporate real estate management in the retail sector: Investigation of current strategy and structure
; ...being at the forefront of corporate real estate management. This research...document the current state of corporate real estate management practice. As well as covering the breadth of corporate real estate issues, they have also tended...
Linking real estate and strategy to realize gains: a real estate advisor argues that most companies tend to manage real estate as a cost center and fail to recognize the importance of bringing together corporate strategy and the use of property assets.(real estate)
; ...untapped opportunity in corporate real estate portfolios represents...found that because real estate has historically...taking a new look at corporate real estate as a way...the major goal for corporate real estate. Many have achieved...
Enterprise and parametric modeling: decision support for strategic planning of corporate real estate.
; WHAT WOULD HAPPEN IF A CORPORATE REAL ESTATE department could investigate...What would happen if a Corporate Real Estate department could predict...findings? The Director of Corporate Real Estate? The CFO? The Heads of Manufacturing...
NEW BREED MANAGING REAL ESTATE: ONE HOT ISSUE: CO-LOCATION SITES.
; ...engineers do, Mr. Elie says. Corporate real estate used to be just about space...snow was shoveled. Today's corporate real estate executives negotiate complex...strategically about how they manage corporate real estate, says Robert Materna, director...
Corporate-owned real estate represents a substantial investment universe
; ...implications of the significance of corporate real estate for institutional investors...implications of the significance of corporate real estate for institutional investors...understanding of the significance of corporate real estate. Some real ...