Value of incorporating flexibility in lab buildings : a real options approach
Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2015.
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
| Published: |
Massachusetts Institute of Technology
2016
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/101320 |
| _version_ | 1826203732459651072 |
|---|---|
| author | Shah, Kartik (Kartik L.) |
| author2 | David Geltner. |
| author_facet | David Geltner. Shah, Kartik (Kartik L.) |
| author_sort | Shah, Kartik (Kartik L.) |
| collection | MIT |
| description | Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2015. |
| first_indexed | 2024-09-23T12:42:29Z |
| format | Thesis |
| id | mit-1721.1/101320 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T12:42:29Z |
| publishDate | 2016 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1013202019-04-11T09:05:25Z Value of incorporating flexibility in lab buildings : a real options approach Shah, Kartik (Kartik L.) David Geltner. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. Center for Real Estate. Program in Real Estate Development. Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2015. Cataloged from PDF version of thesis. Includes bibliographical references (pages 52-53). This thesis investigates flexibilities in commercial lab buildings with the help of the real options theory. The qualitative component of the thesis explores the development of the lab building as a building typology and its relationship to economic value creation for developers. It also investigates various strategies employed by developers during the design and development of lab buildings to hedge against the downside risk. The quantitative component builds upon that hypothetical lab building development case and creates a Real Options case as a framework for applying and valuing flexibility in this complex building type. Through this demonstration, valuation of flexibility employed in the current practice is derived. by Kartik Shah. S.M. in Real Estate Development 2016-02-29T14:59:48Z 2016-02-29T14:59:48Z 2015 2015 Thesis http://hdl.handle.net/1721.1/101320 938682725 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 758 pages application/pdf Massachusetts Institute of Technology |
| spellingShingle | Center for Real Estate. Program in Real Estate Development. Shah, Kartik (Kartik L.) Value of incorporating flexibility in lab buildings : a real options approach |
| title | Value of incorporating flexibility in lab buildings : a real options approach |
| title_full | Value of incorporating flexibility in lab buildings : a real options approach |
| title_fullStr | Value of incorporating flexibility in lab buildings : a real options approach |
| title_full_unstemmed | Value of incorporating flexibility in lab buildings : a real options approach |
| title_short | Value of incorporating flexibility in lab buildings : a real options approach |
| title_sort | value of incorporating flexibility in lab buildings a real options approach |
| topic | Center for Real Estate. Program in Real Estate Development. |
| url | http://hdl.handle.net/1721.1/101320 |
| work_keys_str_mv | AT shahkartikkartikl valueofincorporatingflexibilityinlabbuildingsarealoptionsapproach |