Year Published
1999
Abstract
For many years operating companies around the world generally have owned their real
estate assets. In the United States alone it is estimated that corporate users own nearly $2 trillion,
or roughly half of all commercial property. Companies own not only their production facilities,
but frequently their offices, warehouses, and retail outlets. Although many of these properties are
suitable for a broad range of users, these operating companies choose to commit their scarce
capital to the ownership and operation of real estate, rather than re-deploying this capital to their
core operating businesses.
estate assets. In the United States alone it is estimated that corporate users own nearly $2 trillion,
or roughly half of all commercial property. Companies own not only their production facilities,
but frequently their offices, warehouses, and retail outlets. Although many of these properties are
suitable for a broad range of users, these operating companies choose to commit their scarce
capital to the ownership and operation of real estate, rather than re-deploying this capital to their
core operating businesses.
Research Category
Topics