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

Posted: 15 Mar 2012

See all articles by John D. Macomber

John D. Macomber

Harvard University - Business School (HBS)

Kristian Peterson

affiliation not provided to SSRN

Date Written: January 3, 2011

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.

Suggested Citation

Macomber, John D. and Peterson, Kristian, A Slice of the Pie: Ruby Collins and Tenants in Common (January 3, 2011). Harvard Business School Finance Case No. 211-008, Available at SSRN: https://ssrn.com/abstract=2023261

John D. Macomber (Contact Author)

Harvard University - Business School (HBS) ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

Kristian Peterson

affiliation not provided to SSRN

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