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Survey of Approaches to Disposing of Surplus Corporate Real Estate

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Abstract

The purpose of this research was to test two hypotheses: 1. firms ignore profitable opportunities in disposing of surplus property because they do not believe they are in the real estate business; 2. Firms treat surplus property as they would any new product and develop a marketing strategy to yield the greatest return. Half of the corporate real estate executives surveyed responded in a manner consistent with hypothesis 1; half responded in a manner consistent with hypothesis 2. The biases in the survey favor hypothesis 2, implying that a majority of corporations behave consistently with hypothesis 1.

Suggested Citation

  • Hugh O. Nourse & Dorothy Kingery, 1987. "Survey of Approaches to Disposing of Surplus Corporate Real Estate," Journal of Real Estate Research, American Real Estate Society, vol. 2(1), pages 51-59.
  • Handle: RePEc:jre:issued:v:2:n:1:1987:p:51-59
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    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol02n01/v02p051.pdf
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    Cited by:

    1. Arnold L. Redman & John R. Tanner, 1989. "The Acquisition and Disposition of Real Estate by Corporate Executives: A Survey," Journal of Real Estate Research, American Real Estate Society, vol. 4(3), pages 67-80.
    2. Robert H. Pittman & Joel R. Parker, 1989. "A Survey of Corporate Real Estate Executives on Factors Influencing Corporate Real Estate Performance," Journal of Real Estate Research, American Real Estate Society, vol. 4(3), pages 107-120.

    More about this item

    JEL classification:

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

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