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  • January 2011
  • Case
  • HBS Case Collection

A Slice of the Pie: Ruby Collins and Tenants in Common

By: John D. Macomber and Kristian Peterson
  • Format:Print
  • | Language:English
  • | Pages:19
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Abstract

A securitized small real estate investment vehicle fails and the many individual owners have to decide how to manage or dispose of the asset. This case follows Ruby Collins, a small investor, through the logic of Section 1031 Like Kind Exchanges as well as the consideration of Tenant in Common ownership. Tenancy in Common has some attractive aspects but its regulation falls between a security and a real estate investment. The risk and control characteristics also vary. This case explores both the valuation of the property and the logistical issues around managing it, and also the relationships between individuals who now find themselves business partners with no prior familiarity with each other.

Keywords

Financial Instruments; Investment; Risk Management; Ownership Stake; Partners and Partnerships; Valuation; Real Estate Industry

Citation

Macomber, John D., and Kristian Peterson. "A Slice of the Pie: Ruby Collins and Tenants in Common." Harvard Business School Case 211-008, January 2011.
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About The Author

John D. Macomber

Finance
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More from the Authors
  • Healthy Buildings: How Indoor Spaces Can Make You Sick—or Keep You Well By: Joseph G. Allen and John D. Macomber
  • The First Four Healthy Building Strategies Every Building Should Pursue to Reduce Risk from COVID-19 By: Joseph G. Allen, Emily Jones, Marissa V. Rainbolt, Linsey C. Marr, David Michaels, Leslie R. Cadet, Shelly L. Miller, Meira Levinson, Lidia Morawska, Richard L. Corsi, Nira R. Pollock, Yuguo Li, Alasdair P.S. Munro, Kelly Grier, Qingyan Chen, John D. Macomber and Xiaodong Cao
  • Sekisui House and the In-Home Early Detection Platform By: John D. Macomber and Akiko Kanno
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