A real options case study : The valuation of flexibility in the World Trade Center redevelopment
Thesis (S.M.)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2009.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2010
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| Online Access: | http://hdl.handle.net/1721.1/54852 |
| _version_ | 1826201670280806400 |
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| author | Cailao, Alberto P |
| author2 | David Geltner. |
| author_facet | David Geltner. Cailao, Alberto P |
| author_sort | Cailao, Alberto P |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2009. |
| first_indexed | 2024-09-23T11:55:14Z |
| format | Thesis |
| id | mit-1721.1/54852 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T11:55:14Z |
| publishDate | 2010 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/548522019-04-10T14:48:08Z A real options case study : The valuation of flexibility in the World Trade Center redevelopment Valuation of flexibility in the World Trade Center redevelopment Cailao, Alberto P 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.)--Massachusetts Institute of Technology, Program in Real Estate Development in Conjunction with the Center for Real Estate, 2009. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Cataloged from student submitted PDF version of thesis. Includes bibliographical references (p. 53-54). This thesis will apply the past research and methodologies of Real Options to Tower 2 and Tower 3 of the World Trade Center redevelopment project in New York, NY. The qualitative component of the thesis investigates the history behind the stalled development of Towers 2 and 3 and examines a potential contingency that could have mitigated the market risk. The quantitative component builds upon that story and creates a hypothetical Real Options case as a framework for applying and valuing building use flexibility in a large-scale, politically charged, real estate development project. Through this demonstration, it is observed that applying Real Options "in" the World Trade Center Towers 2 and 3 projects minimizes losses in weaker markets and maximizes gains in stronger markets. by Alberto P. Cailao. S.M. 2010-05-25T19:20:22Z 2010-05-25T19:20:22Z 2009 2009 Thesis http://hdl.handle.net/1721.1/54852 609634889 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 65 p. application/pdf Massachusetts Institute of Technology |
| spellingShingle | Center for Real Estate. Program in Real Estate Development. Cailao, Alberto P A real options case study : The valuation of flexibility in the World Trade Center redevelopment |
| title | A real options case study : The valuation of flexibility in the World Trade Center redevelopment |
| title_full | A real options case study : The valuation of flexibility in the World Trade Center redevelopment |
| title_fullStr | A real options case study : The valuation of flexibility in the World Trade Center redevelopment |
| title_full_unstemmed | A real options case study : The valuation of flexibility in the World Trade Center redevelopment |
| title_short | A real options case study : The valuation of flexibility in the World Trade Center redevelopment |
| title_sort | real options case study the valuation of flexibility in the world trade center redevelopment |
| topic | Center for Real Estate. Program in Real Estate Development. |
| url | http://hdl.handle.net/1721.1/54852 |
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