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Article
Publication date: 19 April 2013

Michael Evans

The purpose of this paper is to review the range of options available to corporates to raise capital from their real estate.

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Abstract

Purpose

The purpose of this paper is to review the range of options available to corporates to raise capital from their real estate.

Design/methodology/approach

The paper provides a brief description of alternative capital raising capital options and their costs and benefits.

Findings

There are many options available to corporates to raise capital other than a sale and leaseback with different potential proceeds and costs of capital depending on the objectives of the corporate and the lease term they are prepared to sign.

Originality/value

This paper provides an introduction to alternative methods to raise capital from property including fixed and strip income investment models, raising debt against corporate property, the opco/propco model as well as the traditional sale and leaseback.

Details

Journal of Property Investment & Finance, vol. 31 no. 3
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 2 March 2023

Adam Fahey, Hassan F. Gholipour, Sharon Yam and Muhammad Najib Razali

This study investigates the relationship between aged care accommodation pricing options (refundable accommodation deposits (RADs), daily accommodation payment (DAPs) and…

Abstract

Purpose

This study investigates the relationship between aged care accommodation pricing options (refundable accommodation deposits (RADs), daily accommodation payment (DAPs) and concessional) and the profitability of aged care facilities.

Design/methodology/approach

Data are obtained from 33 aged care facilities across New South Wales in Australia. This study uses multivariate regression for analyses.

Findings

The estimation results suggest that higher level of RADs has a negative and significant relationship with profitability of aged care facilities. The authors also find that concessional pricing option is positively associated with higher profitability.

Originality/value

These findings may benefit aged care operators by reviewing their strategies and portfolios to enhance their financial performance. The results are also useful to the Australian Government to further explore how the removal of RADs may transform the aged care sector's profitability.

Details

Property Management, vol. 41 no. 4
Type: Research Article
ISSN: 0263-7472

Keywords

Content available
299

Abstract

Details

International Journal of Retail & Distribution Management, vol. 35 no. 12
Type: Research Article
ISSN: 0959-0552

Case study
Publication date: 1 December 2023

Prashant Das and Ashish Gupta

Midway through construction, a hotel developer realised that costs had risen too much to be feasible for equity capital. They repositioned the asset as a ResiTel wherein each…

Abstract

Midway through construction, a hotel developer realised that costs had risen too much to be feasible for equity capital. They repositioned the asset as a ResiTel wherein each suite would be sold as a condominium unit to retail buyers. This called for setting up two separate entities: one (PropCo) for asset management and the other (LeaseCo) for operating the hotel. Unit owners would earn a regular share of hotel income. The lenders protected additional sale-risk by more conservative loan terms. The developer must analyse the feasibility of the repositioned asset.

Details

Indian Institute of Management Ahmedabad, vol. no.
Type: Case Study
ISSN: 2633-3260
Published by: Indian Institute of Management Ahmedabad

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