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OpCo / PropCo Valuation
This technical note describes the "OpCo/PropCo" process of valuing a real estate intensive business. The term "OpCo/PropCo" refers to a business arrangement in which a consolidated, real estate-intensive enterprise is split into two separate businesses: (1) A property company and (2) the underlying operating business.
Keywords: real estate;
Retsinas, Nicolas P., Lisa Strope, and John C. Hettinger. "OpCo / PropCo Valuation". Harvard Business School Technical Note 213-070, November 2012.