Course Overview Note
(Revised May 2011)
Conceptual Overview of Real Property
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.