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Real Estate

REAL ESTATE MANAGEMENT: 1990s AND BEYOND

BY

Clark Jones

TABLE OF CONTENTS

Introduction

Expansion and Diversity

Human Resources Management

Conclusion

References



REAL ESTATE MANAGEMENT: 1990s AND BEYOND

BY Clark Jones

INTRODUCTION

The Journal of Property Management (1998) reports that real estate has been freed up by certain laws in the 1990s, most importantly, the relaxation of the Glass-Steagall Act of 1933, allowing market access to real estate by banking institutions; the Taxpayer Relief Act of 1997, allowing property owners indefinite tax deferral on the sale of property (an estimated $91 billion to reinvest in real estate); and the 1998 appropriations bill which cuts housing costs by introducing "mark-to-market" rents (Anonymous, 1998, p. P6S). All of these translate into financial advantages for real estate companies. Interestingly, the 1990s have already seen changes that complement these changes. Most real estate companies have become management......


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Approximate Word Count: 2349
Approximate Pages: 10 (250 words per double-spaced page)

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