Asset Details
Do you wish to reserve the book?
The parking lot as a unique investment class: An option that pays dividends
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
The parking lot as a unique investment class: An option that pays dividends
Do you wish to request the book?
The parking lot as a unique investment class: An option that pays dividends
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Trade Publication Article
The parking lot as a unique investment class: An option that pays dividends
1994
Overview
The humble parking lot, by virtue of being the immediate predecessor to most downtown structures, is a unique type of real estate investment. The central business district (CBD) surface parking lot is, in essence, an option - an asset that has the potential to be developed into something much greater. However, parking lots differ in an important way from the stock options familiar to security investors. While all options offer the prospect of very large capital gains when sold, parking lots provide the additional benefit of a positive cash flow while the owner holds them. Institutional investors might want to consider including CBD parking lots as part of their investment portfolios. Some key features of CBD parking lots that qualify them as income-producing urban land investments are described. In addition, the development of an index of the investment performances across time is presented, using a sample of such properties. Based on the index results, the optimal share of the CBD parking lot is suggested in a conservative real estate investment portfolio.
Publisher
Aspen Publishers, Inc
Subject
/ Museums
