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Measuring Business Real Property Performance

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Abstract

A cross-case comparison of eleven firms was undertaken to learn how real estate property performance is measured and monitored for managerial feedback to make real estate decisions that will cause property performance to support overall corporate strategic goals. Firms with tight links between real estate operations and corporate strategy usually have a facility committee of operating, finance, and real estate managers measuring and monitoring performance, using different measures for different types of buildings and uses. Property performance is more regularly monitored by firms leasing property than by those owning property.

Suggested Citation

  • Hugh O. Nourse, 1994. "Measuring Business Real Property Performance," Journal of Real Estate Research, American Real Estate Society, vol. 9(4), pages 431-444.
    • Handle: RePEc:jre:issued:v:9:n:4:1994:p:431-444
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    References listed on IDEAS

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    1. Stellan Lundstrom, 1993. "Realizing the Strategic Dimensions of Corporate Real Property Through Improved Planning and Control Systems," Journal of Real Estate Research, American Real Estate Society, vol. 8(4), pages 495-510.
    2. Peter R. Veale, 1989. "Managing Corporate Real Estate Assets: Current Executive Attitudes and Prospects for an Emergent Management Discipline," Journal of Real Estate Research, American Real Estate Society, vol. 4(3), pages 1-22.
    3. Wei Kium Teoh, 1993. "Corporate Real Estate Management: The New Zealand Evidence," Journal of Real Estate Research, American Real Estate Society, vol. 8(4), pages 607-624.
    4. Edward A. Noha, 1993. "Benchmarking: The Search for Best Practices in Corporate Real Estate," Journal of Real Estate Research, American Real Estate Society, vol. 8(4), pages 511-524.
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    Cited by:

    1. Michael J. Seiler & Arjun Chatrath & James R. Webb, 2001. "Real Asset Ownership and the Risk and Return to Stockholders," Journal of Real Estate Research, American Real Estate Society, vol. 22(1/2), pages 199-212.
    2. Chris Manning & Stephen E. Roulac, 2001. "Lessons from the Past and Future Directions for Corporate Real Estate Research," Journal of Real Estate Research, American Real Estate Society, vol. 22(1/2), pages 7-58.
    3. Danny Ben-Shahar & Yoram Margalioth & Eyal Sulganik, 2009. "The Straight-Line Depreciation is Wanted, Dead or Alive," Journal of Real Estate Research, American Real Estate Society, vol. 31(3), pages 351-370.
    4. Julan Du & Charles Ka Yui Leung & Derek Chu, 2014. "Return Enhancing, Cash-rich or simply Empire-Building? An Empirical Investigation of Corporate Real Estate Holdings," International Real Estate Review, Global Social Science Institute, vol. 17(3), pages 301-357.
    5. Sulfiah Dwi Astarini & Christiono Utomo & Ayu Fatimah Sari & M Arif Rohman & Nugroho Priyo Negoro, 2020. "The Influence of Performance-Based Building Design on the Strategy of Retail Property in Indonesia," Sustainability, MDPI, vol. 12(21), pages 1-15, October.
    6. Anna-Liisa Lindholm & Karen M. Gibler & Kari I. Levainen, 2006. "Modelling the Value Adding Attributes of Real Estate to the Wealth Maximization of the Firm," Journal of Real Estate Research, American Real Estate Society, vol. 28(4), pages 445-476.

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    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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