Publications

January 2005 (Revised August 2014)
Exercise

Hamilton Real Estate: Confidential Role Information for the CEO of Estate One (BUYER)

By: Deepak Malhotra

Presents a two-party negotiation between the executive VP of Pearl Investments and the CEO of Estate One for the sale of real estate in the town of Hamilton. View Details

Keywords: Ethics; Price; Information; Contracts; Managerial Roles; Agreements and Arrangements; Sales; Strategy; Value; Real Estate Industry

2023
Working Paper

El Dorado Lost: Local Elites, Real Estate and the Education Business in China

By: Geoffrey Jones and Yuhai Wu

This working paper examines the evolving, complex and multifaceted relationship between the real estate industry and the education sector in China. The current crises in the private education and real estate sectors caused by policy shifts reflect the inter-meshing of... View Details

Keywords: Business and Government Relations; Policy; Government and Politics; Economic Sectors; Real Estate Industry; Real Estate Industry; China

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July 2021
Teaching Plan

Scale and Scope at Drake Real Estate Partners

By: Christina R. Wing and David Lane

Teaching Plan for HBS Case No. 621-065. View Details

Keywords: Business Growth and Maturation; Family Business; Investment; Ownership; Value Creation; Real Estate Industry; Real Estate Industry; United States; Latin America; Chile

Summer 2013
Article

Real Estate Prices During the Roaring Twenties and the Great Depression

By: Tom Nicholas and Anna Scherbina

Using new data on market-based transactions we construct real estate price indexes for Manhattan between 1920 and 1939. During the 1920s prices reached their highest level in the third quarter of 1929 before falling by 67% at the end of 1932 and hovering around that... View Details

Keywords: Property; Market Transactions; Price; Value; Financial Crisis; Investment; Real Estate Industry; New York (state, US)

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November 2018 (Revised March 2019)
Case

Roofstock: The Cloud of Real Estate Investing

By: Marco Di Maggio and Julia Kelley

October 1993
Background Note

Brief Introduction to Real Estate Investment Trusts (REITs)

By: Jay O. Light and James O. Sailer

Keywords: Finance; Real Estate Industry

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Article

Metaverse Land: What Makes Digital Real Estate Valuable

By: Scott Duke Kominers

Keywords: Crypto Economy

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October 2021 (Revised April 2022)
Case

The Big Blue: Starting a Real Estate Firm

By: Boris Vallee and Nikodem Szumilo

August 2007 (Revised April 2012)
Technical Note

Technical Note on Financial Leverage in Real Estate

By: Charles F. Wu and Arthur I Segel

Demonstrates the accelerating impact of leverage on returns under differing scenarios of property performance. The performance scenarios represent two points in time: the inception of the investment and the liquidation. View Details

Keywords: Property; Investment; Real Estate Industry

December 2010
Teaching Note

Cresud S.A., Farmer or Real Estate Developer? (TN)

By: Arthur I Segel and Andrew Pierson Terris

Teaching Note for 211-011. View Details

Keywords: Agribusiness; Decision Choices and Conditions; Risk Management; Competition; Motivation and Incentives; Corporate Strategy; Opportunities; Decisions; Performance Effectiveness; Agriculture and Agribusiness Industry; Argentina; Bolivia; Brazil; Paraguay

2011
Article

Incentive Compensation and the Likelihood of Termination: Theory and Evidence from Real Estate Organizations

By: Christopher Parsons, G. Hallman and J. Hartzell

We analyze two managerial compensation incentive devices: the threat of termination and pay for performance. We first develop a simple model predicting that these devices are substitutes: when termination incentives are low, optimal contracts provide stronger... View Details

Keywords: Motivation and Incentives; Resignation and Termination; Compensation and Benefits; Real Estate Industry

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March 2015
Teaching Note

Prodigy Network: Democratizing Real Estate Design and Financing

By: Karim R. Lakhani and Greta Friar

August 2018
Supplement

The Tax Man: Taxes in Private Equity Real Estate

By: Nori Gerardo Lietz, Timothy J. Becker, Ricardo Andrade and Sayiddah Fatima McCree

April 2023
Case

Ryan Serhant: Time Management for Repeatable Success (A)

By: Ashley Whillans and Hawken Lord

From an open-concept 90’s-style stone and wood cabin in Dublin, New Hampshire, Ryan Serhant reflected on his career as a real estate broker. As Ryan stared into the fireplace that featured prominently in the center of the house, he wondered whether the period of... View Details

Keywords: Real Estate; Time Management; Decision Choices and Conditions; Personal Development and Career; Real Estate Industry

December 2018 (Revised March 2019)
Case

Camber Creek & Measurabl Inc.

By: Marco Di Maggio and Lauren G. Pickle

In late 2017, Camber Creek, a real estate technology focused venture capital firm, had to evaluate a potential investment in Measurabl Inc. which provides real estate companies of all sized with a full SaaS solution for sustainability data. View Details

Keywords: Real Estate; Venture Capital; Investment; Decision Making; Applications and Software; Environmental Sustainability

February 2024
Teaching Note

Masdar City: Aiming for Sustainable and Profitable Real Estate

By: Boris Vallee and Sean Bracken

Teaching Note for HBS Case No. 223-036. View Details

August 2018
Supplement

The Tax Man: Taxes in Private Equity Real Estate

By: Nori Gerardo Lietz and Sayiddah Fatima McCree

February 2018 (Revised August 2018)
Supplement

The Tax Man: Taxes in Private Equity Real Estate

By: Nori Gerardo Lietz, Timothy J. Becker, Ricardo Andrade and Sayiddah Fatima McCree