Survey of Approaches to Disposing of Surplus Corporate Real Estate

Hugh O. Nourse and Dorothy Kingery
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Hugh O. Nourse: College of Business Administration The University of Georgia Athens, Georgia 30602, http://www.terry.uga.edu/
Dorothy Kingery: Survey Research Center The University of Georgia Athens, Georgia 30602, http://www.terry.uga.edu/

Journal of Real Estate Research, 1987, vol. 2, issue 1, 51-59

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.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1987
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Citations: View citations in EconPapers (2)

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