Corporate-Owned Real Estate Represents a Substantial Investment Universe

Stephen Roulac

Journal of Real Estate Portfolio Management, 2003, vol. 9, issue 2, 167-178

Abstract: Executive Summary. Corporate-owned real estate is a much more significant component of the real estate investment universe than is broadly recognized. In this article the results of recent research concerning the magnitude of the investment universe represented by corporate-owned real estate is presented, and the implications of the significance of corporate real estate for institutional investors are explored. Corporate-owned real estate incorporates significant types of properties that are not generally perceived as part of the mainstream real estate sector. While some 50% of corporate-owned real estate is specialized and therefore not appropriate for third-party investment by institutional investors, nearly 40% of the aggregate of corporate-owned real estate is core business real estate appropriate for institutional investors. The investable universe of $3.7 trillion of corporate-owned real estate represents a major source of property investments for institutional investors seeking involvement in the real estate market.

Date: 2003
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DOI: 10.1080/10835547.2003.12089681

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