Fall/Winter 1991, Vol 16, No 2

Abstract: The supply and acquisition of property for conservation by public agencies have increased to the point that conserved property may constitute a generally unrecognized real estate market. The author articulates terms and concepts to clarify the nature of conserved property and suggests possible root causes of public agencies’ tendencies to discourage transactions involving comparable sales. He also analyzes environmental real estate-related transactions and transactors.