EVOLUTION OF CORPORATE REAL ESTATE MANAGEMENT CONCEPTS

Measuring Corporate Real Estate Asset Management Performance

It is difficult to measure relative corporate real estate asset management performance, as different organizations require different outputs from their property assets. However, prior research has identified a number of input factors or dimensions relating to corporate real estate that tend to occur together in organizations exhibiting high levels of performance. This paper proposes a methodolo...

Do Real Estate Shocks Affect Corporate Investment?

Five Axioms for Corporate Real Estate Management: a Polemical Review of the Literature

This paper argues from a review of the literature that five key roles for CRE and its management are such foundation concepts that they constitute axioms for the field from which current theorisation is derived. The roles are demonstrably long-standing in CREM but the treatment as axioms constitutes a new interpretation of this existing material. This interpretation is undertaken with the aim o...

Real Estate Risk, Corporate Investment and Financing Choice

This paper examines how asset risk impacts corporate investment and financing decisions. We derive a general model that incorporates risk, adjustment cost, and depreciation features of assets-in-place into investment decisions. The model suggests that the risk and adjustment cost of assets-in-place reduce both corporate investment and financing. We empirically test the model in a panel of US fi...

Challenges of Commercial Real Estate Management: An analysis of the Swedish commercial real estate industry

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