The Best-Owner Principle in Real Estate Management
||The Best-Owner Principle in Real Estate Management
||11th European Real Estate Society Conference (2-5 June 2004) Milano, Italy
||Unlike the usual “market value”, the “Best-Owner principle” proposes to tie the value of a direct real estate investment – seen as a business unit – to its owner. In this model the decision whether to add an asset to a portfolio depends on the owner’s ability to extract additional value from this specific property. This approach reflects the individual investor’s management skills relative to those of other potential owners. Consequently, there may be well-performing owners focused on low-performing assets.
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||Corporate Real Estate
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