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

Ronald C. Rutherford and Robert W. Stone
Additional contact information
Ronald C. Rutherford: Department of Finance & Real Estate University of Texas-Arlington Arlington, Texas 76019, http://www2.uta.edu/finance/
Robert W. Stone: Department of Management Georgia Southern College Statesboro, Georgia 30460, http://www2.gasou.edu/coba/depts/mm/

Journal of Real Estate Research, 1989, vol. 4, issue 3, 121-130

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.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1989
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Citations: View citations in EconPapers (2)

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