Winter 1998/1999, Vol 23, No 4
Abstract: Corporate America could be losing $119 billion per year and not even know it. Given the hyper-competitive nature of business and the investment returns demanded by shareholders, real estate investments generally fall short of the productivity, liquidity and investment objectives of corporations. As an investment, real estate carries with it not only an opportunity cost, but can actually have a negative impact on a corporation’s balance sheet.