The Real Estate Investment Decision – A Wealth Maximization Approach

  • November 21, 1981
  • • Written by: C.F. Sirmans Daniel E. Page 

Fall/Winter 1981, Vol 6, No 2

Abstract: During the last decade real estate has been receiving widespread attention as an attractive investment. Although substantial advances have been made in the theory of the investment decision, there is still considerable debate over the best measure to use in ranking investment proposals. In this article, a model is developed that can be used by the real estate investor to determine the investment decision and the holding period that leads to wealth maximization.