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