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Corporate real estate risk management and assessment

Forrest E. Huffman (PhD Professor, Department of Finance, Fox School of Business & Management, Temple University, Philadelphia, PA 19122, USA; Tel: +1 215‐204‐6675; Fax: +1 215 204 1697; e‐mail: fhuffman@temple.edu)

Journal of Corporate Real Estate

ISSN: 1463-001X

Article publication date: 31 December 2002

3150

Abstract

This paper analyses the inherent risks associated with corporate real estate (CRE). First, the author looks at corporate risk in general and at the context in which CRE decisions are made. Next, the types of risk generally inherent in CRE usage are examined, beginning with development risks and then grouping other risks into three categories: financial, physical and regulatory CRE risks. Possible risk management strategies are offered, to reduce the risks associated with CRE usage: due diligence, avoidance, insurance, hedging and diversification. Lastly, conclusions and recommendations for accounting for risk in corporate real estate management (CREM) are provided. The discussion of the risks inherent in CRE usage offers a starting point for future and more detailed discussions of the risk in CREM and provides a new perspective on the management of CRE assets.

Keywords

Citation

Huffman, F.E. (2002), "Corporate real estate risk management and assessment", Journal of Corporate Real Estate, Vol. 5 No. 1, pp. 31-41. https://doi.org/10.1108/14630010310811984

Publisher

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MCB UP Ltd

Copyright © 2002, MCB UP Limited

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