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Corporate Real Estate Unit Formation: Rationale, Industry, and Type of Unit

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Abstract

This 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.

Suggested Citation

  • Ronald C. Rutherford & Robert W. Stone, 1989. "Corporate Real Estate Unit Formation: Rationale, Industry, and Type of Unit," Journal of Real Estate Research, American Real Estate Society, vol. 4(3), pages 121-130.
  • Handle: RePEc:jre:issued:v:4:n:3:1989:p:121-130
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    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol04n03/v04p121.pdf
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    References listed on IDEAS

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    1. 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.
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    Cited by:

    1. 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.

    More about this item

    JEL classification:

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

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