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  • All HBS Web  (2,765)
    • People  (11)
    • News  (779)
    • Research  (1,434)
    • Events  (2)
    • Multimedia  (22)
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  • April 2022
  • Teaching Note

Big Blue: Starting a Real Estate Firm

By: Boris Vallée and Sean Bracken
Teaching Note for HBS Case No. 222-036. View Details
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Vallée, Boris, and Sean Bracken. "Big Blue: Starting a Real Estate Firm." Harvard Business School Teaching Note 222-080, April 2022.
  • January 2021
  • Teaching Note

Roofstock: The Cloud of Real Estate Investing

By: Marco Di Maggio and Julia Kelley
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Di Maggio, Marco, and Julia Kelley. "Roofstock: The Cloud of Real Estate Investing." Harvard Business School Teaching Note 221-034, January 2021.
  • October 2007 (Revised March 2009)
  • Background Note

Structuring Real Estate Deals: An Investor's Perspective

By: Arthur I Segel
Addresses the following questions: What are the portfolio-level implications? What are the asset-level characteristics? How do I invest? With whom do I invest? What do I get for my investment? What protections do I have? When and how do I get out? View Details
Keywords: Property; Negotiation; Contracts; Real Estate Industry
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Segel, Arthur I. "Structuring Real Estate Deals: An Investor's Perspective." Harvard Business School Background Note 208-066, October 2007. (Revised March 2009.)
  • 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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Nicholas, Tom, and Anna Scherbina. "Real Estate Prices During the Roaring Twenties and the Great Depression." Real Estate Economics 41, no. 2 (Summer 2013): 278–309.
  • November 2018 (Revised March 2019)
  • Case

Roofstock: The Cloud of Real Estate Investing

By: Marco Di Maggio and Julia Kelley
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Di Maggio, Marco, and Julia Kelley. "Roofstock: The Cloud of Real Estate Investing." Harvard Business School Case 219-021, November 2018. (Revised March 2019.)
  • 2008
  • Working Paper

Consequences of Voluntary and Mandatory Fair Value Accounting: Evidence Surrounding IFRS Adoption in the EU Real Estate Industry

By: Karl A Muller III, Edward J. Riedl and Thorsten Sellhorn
We examine the causes and consequences of European real estate firms' decisions to provide investment property fair values prior to the required disclosure of this information under International Financial Reporting Standards (IFRS). We find evidence that investor... View Details
Keywords: Fair Value Accounting; Financial Reporting; International Accounting; Corporate Disclosure; Standards; Real Estate Industry; European Union
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Muller, Karl A., III, Edward J. Riedl, and Thorsten Sellhorn. "Consequences of Voluntary and Mandatory Fair Value Accounting: Evidence Surrounding IFRS Adoption in the EU Real Estate Industry." Harvard Business School Working Paper, No. 09-033, September 2008.
  • 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; Financial Services Industry; Financial Services Industry; United States; Latin America; Chile
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Wing, Christina R., and David Lane. "Scale and Scope at Drake Real Estate Partners." Harvard Business School Teaching Plan 622-016, July 2021.
  • February 2014
  • Teaching Note

Advising Families on Estate Planning

By: Robert C. Pozen
Sean Warrick is an estate planning adviser at Hellwig & Macon. He is preparing for meetings with two clients. His first clients are Peggy and David Bartley, a professional married couple of moderate wealth. His second clients are Ray and Michelle Polanski, a couple... View Details
Keywords: Estate Planning; Estate Tax; Gift Tax; Gift Giving; Generation Skipping Tax; Tax Accounting; Tax Strategy; Taxes; Taxation; Retirement; Financial Services Industry; United States
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Pozen, Robert C. "Advising Families on Estate Planning." Harvard Business School Teaching Note 314-089, February 2014.
  • 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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Light, Jay O., and James O. Sailer. "Brief Introduction to Real Estate Investment Trusts (REITs)." Harvard Business School Background Note 294-044, October 1993.
  • 17 Oct 2008
  • Working Paper Summaries

Consequences of Voluntary and Mandatory Fair Value Accounting: Evidence Surrounding IFRS Adoption in the EU Real Estate Industry

Keywords: by Karl A. Muller III, Edward J. Riedl & Thorsten Sellhorn; Real Estate; Real Estate
  • 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
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Wu, Charles F., and Arthur I Segel. "Technical Note on Financial Leverage in Real Estate." Harvard Business School Technical Note 208-041, August 2007. (Revised April 2012.)
  • Article

Metaverse Land: What Makes Digital Real Estate Valuable

By: Scott Duke Kominers
Keywords: Crypto Economy
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Kominers, Scott Duke. "Metaverse Land: What Makes Digital Real Estate Valuable." a16zcrypto.com (June 2, 2022).
  • October 2021 (Revised April 2022)
  • Case

The Big Blue: Starting a Real Estate Firm

By: Boris Vallee and Nikodem Szumilo
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Vallee, Boris, and Nikodem Szumilo. "The Big Blue: Starting a Real Estate Firm." Harvard Business School Case 222-036, October 2021. (Revised April 2022.)
  • 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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Parsons, Christopher, G. Hallman, and J. Hartzell. "Incentive Compensation and the Likelihood of Termination: Theory and Evidence from Real Estate Organizations." Real Estate Economics 39, no. 3 (Fall 2011): 507–546.
  • 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
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Segel, Arthur I., and Andrew Pierson Terris. "Cresud S.A., Farmer or Real Estate Developer? (TN)." Harvard Business School Teaching Note 211-046, December 2010.
  • March 2015
  • Teaching Note

Prodigy Network: Democratizing Real Estate Design and Financing

By: Karim R. Lakhani and Greta Friar
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Lakhani, Karim R., and Greta Friar. "Prodigy Network: Democratizing Real Estate Design and Financing." Harvard Business School Teaching Note 615-045, March 2015.
  • August 2000 (Revised July 2001)
  • Case

Laura Martin: Real Options and the Cable Industry

By: Mihir A. Desai and Peter Tufano
CSFB equity research analyst Laura Martin publishes a report on valuing Cox Communications that introduces an innovative approach to valuation. She contends that EBITDA multiple analysis, typical for the cable industry, is flawed because it overlooks the value of the... View Details
Keywords: Valuation; Innovation and Invention; Telecommunications Industry
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Desai, Mihir A., and Peter Tufano. "Laura Martin: Real Options and the Cable Industry." Harvard Business School Case 201-004, August 2000. (Revised July 2001.)
  • 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
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Lietz, Nori Gerardo, Timothy J. Becker, Ricardo Andrade, and Sayiddah Fatima McCree. "The Tax Man: Taxes in Private Equity Real Estate." Harvard Business School Spreadsheet Supplement 219-019, August 2018.
  • 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
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Di Maggio, Marco, and Lauren G. Pickle. "Camber Creek & Measurabl Inc." Harvard Business School Case 219-056, December 2018. (Revised March 2019.)
  • August 2016
  • Teaching Note

Reworking Office Space: Industry City, Brooklyn

By: Arthur I Segel and Alexander W. Schultz
Jamestown is contemplating how to best lease a portion of their new development along the Brooklyn waterfront: Industry City. The 6-million-square-foot, mixed-use development is meant to accommodate Brooklyn’s growing innovation, creative, and “maker” communities.... View Details
Keywords: Real Estate; Development; Shared Office Space; Coworking; Business Model; Collaborative Innovation and Invention; Business Offices; Leasing; Real Estate Industry
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Segel, Arthur I., and Alexander W. Schultz. "Reworking Office Space: Industry City, Brooklyn." Harvard Business School Teaching Note 217-010, August 2016.
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