Academic and Applied Real Estate Research: “As Two Worlds Collide” or “As Two Worlds Divide”?

Topics:
Project Feasibility,
Property Analysis
Tags:
Business Operations,
Real Estate
Source:
Journal of Real Estate Portfolio Management

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Overview: Some believe that academic real estate research is out of touch with the real world and professional real estate research is too basic to contribute to theory. Others believe that there needs to be a new approach to real estate research, a more applied approach. In coming years, the way we approach and solve real estate-related problems will change significantly. Real estate research will be conducted in a more integrated fashion led by modern real estate and financial economists. These individuals will bridge the gap between academic and professional research, acting as change agents within the university and corporation. Their ability to communicate and transfer knowledge from the research institution to the real world, and from the real world to the research institutions will allow the academic community to test the theoretical validity of hypotheses. Applied real estate and financial economists of the future, in conjunction with advanced communications and computing systems, will cause the academic and professional real estate research worlds to collide, forming new and innovative approaches to solving practical real estate problems.

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Format: PDF | Size: 543KB | Date: Jan 2003 | Pages: 4

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