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Analysis of Different Dimensions for Property Allocation Process within Real Estate Investment Companies
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management.
2011 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Property companies are offering a range of financial vehicles (indirect investments) which enable investors to participate in cash-flows of voluminous properties or real estate portfolios. Effective indirect real estate investments generally consist of three main components, which ought to be synchronized:

Demands of investors - property characteristics - investment vehicle

However, in practice this synchronization (allocation process) turns out to be way more complex and sophisticated. The question regarding the utilization of properties within real estate investment companies is embedded in superordinate dimensions like the overall corporate strategy, which is in turn embedded in an overall economical and political environment.

The purpose of the thesis at hand is to give some insights what factors and dimensions should be considered in order to implement a thoughtful allocation process. The author bases his qualitative analysis on his work experiences in two major German property companies. In this connection the author conducted several interviews with employees of different departments (e.g. Corporate Development, Controlling). Furthermore, the author´s purpose is to transfer the complex practical approach into a well-structured and clearly organized framework which presents the most important dimensions and factors and in turn have an impact on the allocation process. The thesis concludes with an outlook for the overall German economy and in particular the market for indirect real estate investments which will be followed by an emphasis of the most important factors regarding company´s property allocation process in the near future.

Place, publisher, year, edition, pages
2011. , 78 p.
Keyword [en]
Indirect Real Estate Investments, Property Funds, Allocation Process, Dimensions, Influence factors
National Category
Civil Engineering
URN: urn:nbn:se:kth:diva-50038OAI: diva2:460843
Subject / course
Real Estate Economics
Educational program
Master of Science - Real Estate Management
Available from: 2012-02-06 Created: 2011-12-01 Last updated: 2012-02-06Bibliographically approved

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