Fall/Winter 1990, Vol 15, No 2

Abstract: Research on options in the real estate industry for the most part has been limited to issues associated with the efficiency of the market and the liquidity of the options instruments. There has been little reported research on the appeal of potential options instruments. This study, whose data was compiled from a survey, investigates the marketability of options instruments for covering the risk of prolonged vacancy, the risk of not selling promptly and the risks associated with changes in the financial environment of development projects.