Riskiness of Real Estate Development: A Perspective from Urban Economics and Option Value Theory
In this article, we define a new construct for urban economic and investment analysis, which revisits the conventional wisdom that investment in real estate development is riskier than investment in stabilized property assets. This new construct, referred as a "development asset value index&quo...
Main Authors: | Geltner, David M (Author), Kumar, Anil (Author), van de Minne, Alexander (Author) |
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Other Authors: | Massachusetts Institute of Technology. Center for Real Estate (Contributor), Massachusetts Institute of Technology. Department of Urban Studies and Planning (Contributor) |
Format: | Article |
Language: | English |
Published: |
Wiley,
2021-09-03T19:44:20Z.
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Subjects: | |
Online Access: | Get fulltext |
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