Corporate Real Estate Unit Formation: Rationale, Industry, and Type of Unit
AbstractThis research investigates relationships between a corporation's rationale for forming a Corporate Real Estate Unit (CREU), its industry, and the type of CREU formed. Four conclusions are offered. First, there is no significant relationship between industry and the type of CREU formed. Second, relationships exist between the formation motives and the corporation's industry. Third, CREU formation by wholly owned subsidiaries is likely to be motivated by development and profits, while centralized and decentralized real estate departments are likely to be motivated by contracting efficiency and cost control. Fourth, a segregated effect is observed for the motives of profit and cost control.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 4 (1989)
Issue (Month): 3 ()
Contact details of provider:
Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
Find related papers by JEL classification:
- L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gailen L. Hite & James E. Owers & Ronald C. Rogers, 1984. "The Separation of Real Estate Operations By Spin-Off," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 12(3), pages 318-332.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (JRER Graduate Assistant/Webmaster).
If references are entirely missing, you can add them using this form.