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Real Options and Urban Land Values: A Review of the Literature

18 Pages Posted: 28 Feb 2013 Last revised: 25 Jan 2016

Kiplan S. Womack

UNC Charlotte, Department of Finance, Belk College of Business

Date Written: February 26, 2013

Abstract

This critical analysis contributes to a better understanding of urban land values by unifying the real option and redevelopment decision literatures within a broader context of real estate valuation. By combining these heretofore disparate literatures in this way, both academics and practioners should find the analysis relevant to their own real estate studies or investment decisions.

Keywords: Real options, redevelopment, teardown, renovation, gentrification

JEL Classification: R14, R20, R52, G13, R31, D12

Suggested Citation

Womack, Kiplan S., Real Options and Urban Land Values: A Review of the Literature (February 26, 2013). Journal of Real Estate Literature, Vol. 23, No. 1, 2015. Available at SSRN: https://ssrn.com/abstract=2225400 or http://dx.doi.org/10.2139/ssrn.2225400

Kiplan Womack (Contact Author)

UNC Charlotte, Department of Finance, Belk College of Business ( email )

9201 University City Blvd.
Charlotte, NC 28223
United States
704.687.7584 (Phone)

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