Recursos de colección

DSpace at MIT (104.280 recursos)

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Program in Real Estate Development - Master's degree

Mostrando recursos 1 - 20 de 190

  1. Feed the neighborhood : a recipe for neighborhood rejuvenation

    Vadia, Alberto R
    There are neighborhoods right in the heart of a city that seem dead and forgotten. The inhabitants of the city steer clear of these neighborhoods. I believe many people perceive these places to be beyond repair. Yet, there are a few individuals who have seen potential in the forgotten neighborhood and were able to revive them. In most cases they did it with minimal investment coupled with a belief that it could be done. A true underdog story. The questions I aim to answer are: How were these neighborhoods turned around? What are the attributes and characteristics they all share?...

  2. Multifamily site development : Bishop Arts District, Dallas, TX

    Rice, Justin L. (Justin Lynn)
    This thesis explores the development potential and land value of a vacant parcel of land listed for sale in Dallas, TX. Further, this thesis proposes three different multifamily rental site plan designs for the parcel in an effort to maximize the value of both the development and the land. The site is located just two blocks from Dallas' popular Bishop Arts retail district. This area has seen a renaissance and has become a desirable location to live over the last several years for residents who might not have considered the location previously. The development potential of the site is restricted...

  3. Chilean residential and commercial real estate price index

    Bulnes Valdes, Juan José
    In the history of the Chilean real estate market, little has been done to study the price dynamic of real estate. Currently, the Chilean industry has two types of residential indices that do not effectively present the available information. One of the existing indices uses the correct methodology (Hedonic Method), but it does not represent the whole metropolitan residential market. The second index has enough data, but the methodology (stratification or mixed adjustment method) is not the most appropriate because of its simplicity, given the great quantity of information available on the market. We briefly review different index methodologies, and...

  4. The use of REITs as an alternative source to finance senior housing development in China

    Cai, Yiming, S.M. Massachusetts Institute of Technology
    As China's elderly population grows at an accelerating rate, investors from a wide range of industries have entered the senior housing market and view it as a "sunrise industry" which can offer attractive returns for investors. Today, growth in China's senior housing market is presents both tremendous opportunities and challenges. On the other hand, due to the large capital required, long investment cycle and steady capital inflow toward the middle or the end of the projects, an alternative financing method is required to meet the rapid development of senior housing in China. REITs (Real Estate Investment Trusts), allowing anyone to...

  5. Chinese Mortgage Backed Security pricing model

    Chen, Shalin
    When it comes to financial innovations, Mortgage Backed Security (MBS) has the advantages of scattering risk, increasing liquidity, and lowering the financing costs. However, there are a few obstacles to developing a mature MBS market, among which the pricing of MBS is the vital one. Reasonable pricing will not only lead to the success of MBS issuance, but also pave the way for the China's MBS development in the future. This paper first introduced the definitions and development of MBS, and reviewed studies on the Subprime Crisis from the MBS prospective. This paper then discussed the MBS products, issuance procedures,...

  6. Using transactional and spatial data to determine drivers of industrial land value

    Callahan, Mark F. (Mark Francis)
    The value of a given parcel of land is determined by a multitude of factors based on its location and physical characteristics. No two parcels are alike, making direct comparison between parcels and the study of underlying land values difficult. Further, in locations where land is most valuable, there are often existing improvements on the land. In order to determine a land-only value, the value of the existing buildings or infrastructure must be estimated. This leads to the potential for errors and other issues. There has been a great deal of research conducted on land value for specific real estate...

  7. Portfolio allocation for Korean investors in the US real estate market

    Cho, Chaungwon
    The purpose of this research was to explore portfolio diversification by property type for Korean institutional investors in the U.S. real estate market. In the process, we analyzed the rapidly increasing Korean investment in the U.S. real estate market and identified the points cross-border investors should consider for proper asset diversification by property type. One of the main reasons investors make cross-border investments is to diversify their portfolios. Thus, cross-border investors need to properly diversify their investments by considering correlations between foreign and domestic properties. However, Korean institutional investors have shown an apparent preferential tendency for the U.S. real estate...

  8. Foreign institutional investment in Latin American real estate

    Enciso Huayek, Lisseth
    Latin America has witnessed many upheavals and controversies in the recent past. However, the region continues to show strong and stable growth as business carries on despite political and social turbulence. Local economies are open to foreign investment. Markets have developed in both depth and sophistication as first risk-seeking frontier investors and then larger Institutional Investors entered the market. Today, open economies, increased market transparency and liquidity, sophisticated local partners, the availability of debt financing from both local and global parties and a variety of structures provide opportunities for Foreign Institutional Investors (FIls) to invest capital in assets in Latin...

  9. Using hedonic pricing model to valuate the relationship between property price and air pollution's spatial distribution : evidence from Beijing

    Fang, Sai, S.M. Massachusetts Institute of Technology
    Over the past several decades, the real estate market has surged in Beijing. Meanwhile, Beijing suffers severe air pollution now and then. Because of the dissatisfaction of air quality, clean air becomes a highly valued factor of the overall quality of life. When people choose to buy properties, they would be willing to pay more for a unit that is located in less polluted areas than for an otherwise identical unit that is located in more polluted areas. This study aims to establish a relationship between air pollution's spatial distribution and property price by using historical air quality record and...

  10. Bay Area Walk score premiums : unlocking value through neighborhood trends

    Foran, Nicholas (Nicholas Joseph)
    The digital age of real estate provides access to new data and techniques to evaluate properties. Real estate brokerage and technology firms are assembling this data to produce user-friendly scores that serve as powerful metrics to identify real estate trends and evaluate buyer behavior. This paper examines Redfin's "Walk score" that measures a location's walkability to amenities like grocery stores or parks and uses a hedonic pricing model to find the $/square-foot premium for high Walk scores in three communities in the San Francisco Bay Area. The data is composed of residential transactions from 2014 to early 2016 that are...

  11. Financial impact of workplace performance on effective rents : a study of the Manhattan Office Market

    John, Suneeth Paul; Puri, Zoya
    Corporate real estate is increasingly seen as a strategic resource contributing to organizational performance rather than a mere operational asset focusing on overall business cost efficiency. There is considerable upside to be realized in making workplaces more efficient, productive and more conducive to work performance. Yet, the question whether good design correlates to increased financial outcomes has not been explored much. This thesis studies the economic impact of workplace performance by linking post-occupancy analysis to financial outcomes. The paper uses two data sets to explore if a correlation exists between good design and financial value by linking workplace performance and...

  12. Chinese investment in US real estate : potential growth and constraints

    Ni, Mengjing
    With the strong drive of seeking stable returns and hedging against a slowing economy, Chinese investors have extended their investment aggressively around the world to diversify their holdings. In 2016, according to JLL's Global Capital Flow, Chinese investment hit the new height in the overseas property markets, rushing US$33 billion into real estate investments. It led to an increase of nearly 53% y-o-y (Morgan, 2017). Among those, almost half of the transactions happened in the U.S (Wildau, 2017). In the past years, high profile deals were always unsurprisingly related to Chinese investors' name in the U.S. 2017, however, has been...

  13. Hit the deck : impacts of autonomous vehicle technology on parking and commercial real estate

    Pitcher, Paige (Paige Marie)
    The United States has a large supply of parking and with the adoption of autonomous vehicles, the demand for these spaces could change dramatically. Parking is among the most prevalent land uses occupying up to 31% of urban area. It is estimated that there are 3.4 to 8 parking spaces for each car in the US yielding 800 million to 2 billion spaces that could cover an area the size of West Virginia (Chester, Horvath, & Madanat, 2010). With fully autonomous vehicles expected on the consumer market by 2020, the $30 billion parking industry will experience enormous changes as cars...

  14. Robotic parking technology and its use in urban real estate development

    Thorne, Ladd M., Jr
    In this thesis, we will examine robotic parking systems. This form of parking infrastructure has the capacity to park the same number of vehicles as a traditional garage in half the space. As the global population increases and waves of people continue to choose urban dwelling, it will be essential to choose the most efficient, environmentally sound, and socially responsible forms of infrastructure. In all three of these aspects, the robotic parking garage is superior to the ramp parking garage. Main topics include: i) the history of mechanized parking systems; ii) specifications for various modem-day ramp and mechanized solutions; iii)...

  15. Informatics for real estate : urban technology databases

    Stroud, Ryan Michael
    Big Data Analytics is a term that represents an entire spectrum of analytical applications utilizing significant quantities of data, ranging from optimization at one end of the spectrum, to gaining new insights at the other end of the spectrum. This thesis focuses on the latter, leveraging private, public, and manually developed databases at the MIT School of Architecture and Planning's Center for Real Estate's Real Estate Innovation Lab (REIL) to observe, dissect, and ultimately improve our collective understanding of the current state of urban technology databases. The thesis seeks to explore how companies are providing data within the realm of...

  16. Optimal phasing : a deterministic and probabilistic analysis of different real estate development profiles

    Jalori, Saurabh
    The ever evolving macro and microeconomic environment makes real estate developers evaluate their development strategies. They do so in order to generate a maximum present value of profits from their projects. More importantly, they want to avoid completing the projects in an unfavorable environment and missing the financial targets. As the complexity in the production of a real estate project increases, orchestrating the various parts becomes even more important in reaching the desired financial outcomes. Hence, phasing plays an important role as it brings the flexibility to break the whole project into various parts or phases, which could function as...

  17. The unique challenges of building permanent supportive housing for female veterans : a comparative case study

    Seeney, Ronette C. (Ronette Chanel)
    In 2009, President Barack Obama and mayors around the country pledged to end veteran homelessness by 2015. Although their collaborative efforts led to a dramatic decrease in the rate of homelessness among veterans, the number of homeless female veterans peaked during the same period. The federal and state governments have increased the amount of permanent supportive housing units to address this rising homeless population, but experts have cited several reasons for stagnant rates of homelessness among female veterans. Many female veterans are unaware of housing opportunities, confused about identifying as a veteran, and/or perceive veteran housing as incompatible. Reasons for...

  18. The unique challenges of building permanent supportive housing for female veterans : a comparative case study

    Seeney, Ronette C. (Ronette Chanel)
    In 2009, President Barack Obama and mayors around the country pledged to end veteran homelessness by 2015. Although their collaborative efforts led to a dramatic decrease in the rate of homelessness among veterans, the number of homeless female veterans peaked during the same period. The federal and state governments have increased the amount of permanent supportive housing units to address this rising homeless population, but experts have cited several reasons for stagnant rates of homelessness among female veterans. Many female veterans are unaware of housing opportunities, confused about identifying as a veteran, and/or perceive veteran housing as incompatible. Reasons for...

  19. Sustainable and energy-efficient development interventions and their application toward net-zero or net-positive energy and water building development

    Murphy, Kevin M. (Kevin Michael)
    The built environment consumes more than 40% of the energy used around the world and nearly 70% of the electricity used in the United States. These same buildings use 25% of the world's fresh water resources and contribute 50% of global waste. In order to make the buildings we inhabit more resource-efficient, strategies are being employed through the use of technology, materials, and design in order to achieve a new standard of environmental impact, called net-zero buildings. To date, only a few dozen buildings in the United States have achieved net-zero or net-positive energy and water status, where they capture...

  20. Sustainable and energy-efficient development interventions and their application toward net-zero or net-positive energy and water building development

    Murphy, Kevin M. (Kevin Michael)
    The built environment consumes more than 40% of the energy used around the world and nearly 70% of the electricity used in the United States. These same buildings use 25% of the world's fresh water resources and contribute 50% of global waste. In order to make the buildings we inhabit more resource-efficient, strategies are being employed through the use of technology, materials, and design in order to achieve a new standard of environmental impact, called net-zero buildings. To date, only a few dozen buildings in the United States have achieved net-zero or net-positive energy and water status, where they capture...

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