Course Overview Note | March 2005 (Revised May 2011)

Conceptual Overview of Real Property

by Arthur I Segel and Ann Winslow


Real estate represents the largest asset class in the world. Businesses in the United States have over $8.6 trillion of real estate assets on their balance sheets. Excluding housing--worth $16 trillion in the United States--and corporate-owned real estate, there is another $4.7 trillion in commercial property alone. Real estate is also a huge source of personal wealth, and the liquidity of that wealth is an essential driver of economic growth in the United States.

Keywords: Property;


Segel, Arthur I., and Ann Winslow. "Conceptual Overview of Real Property." Harvard Business School Course Overview Note 205-072, March 2005. (Revised May 2011.)​