Página 21 dos resultados de 1719 itens digitais encontrados em 0.028 segundos

‣ The translation of media technology skills to community mobilization in youth programs

Kim, Linda A. (Linda Anne), 1981-
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 101 p.; 4724928 bytes; 4724737 bytes; application/pdf; application/pdf
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Media is an important part of the political process, and alternative media is especially valuable for community organizing. Youth media programs can play a great role in the development of media technology as a community-building tool. This study proposes that a key way to bring youth into community mobilization efforts is through their interest in media and their deftness in learning how to use media tools. The combination of youth and media is powerful for communities and warrants discussion and development. This study begins the discussion first with an examination of media forms as a tool for grassroots movements. The potential of digital media is particularly emphasized. Secondly, a survey of youth media programs in the United States identifies ways that youth are already being served and provides the background for understanding how youth media programs equip young social activists in their local communities. Finally, case studies of two youth media programs investigate how, or if, the development of technical and creative skills around media translates to social and political mobilization, especially among youth. The use of media to bring youth into community mobilizing and to strengthen their efforts is promoted. The role of youth media programs in making this possible is put forth. This discussion of translating media technology skills to community action is significant...

‣ Local action for the global environment : municipal government participation in a voluntary climate protection program

Ravin, Amelia L., 1977-
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 83 p.; 3648428 bytes; 3758433 bytes; application/pdf; application/pdf
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The Cities for Climate ProtectionTM (CCP) campaign is a voluntary environmental program for municipalities, which is increasingly being applied around the world by local governments taking action on climate change. This thesis investigates the reasons for adoption, barriers and drivers of implementation, and potential outcomes of municipal CCP implementation, through case studies of six communities in New England and Eastern Canada, at different implementation levels of the CCP program. Three actors from each case were interviewed and their responses analyzed to identify patterns, common themes and any differences based on implementation level. Major findings include the importance of an internal champion for adoption and implementation, and the significance of education and issue framing for increased implementation. Interviewees mainly observed social outcomes, including increased awareness and climate change institutionalization within municipal government operations. Based on the study, recommendations for policy and program development are provided to more effectively engage municipalities in local climate action within the New England and Eastern Canadian region. Keywords: climate change, municipalities, local government, cities for climate protection...

‣ Predictability of returns in commercial real estate : implications for investment decisions

Cho, Kyung Seok, 1969-
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 68 leaves; 469688 bytes; 469508 bytes; application/pdf; application/pdf
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Prior studies suggest that variations of returns in all assets can be predicted to some extent. This study extends the subject of predictability of returns to commercial real estate. The main purpose of the present study is to investigate whether private real estate is predictable and the level of predictability associated with real estate return sufficient to realize superior investment performance by market timing. The study examines commercial real estate both at the aggregate level and in markets for four major property types in the United States. A rolling regression using a vector autoregressive model is employed to forecast returns and estimate the predictability of commercial real estate. Then the forecast model is used to construct simple rules regarding market timing. The classical efficient market theory suggests that there is little to be gained by timing investment, and little hope to consistently beat the market since asset prices already reflect all information available in the market. However, the fact that returns in commercial real estate are predictable raises the possibility of market timing. The potential to use a market timing strategy based on the predicted returns to achieve superior investment performance is of interest to practitioners since it suggests a more efficient method for investment portfolio allocation. The findings of the study suggest that commercial real estate returns are predictable to a certain extent and...

‣ The impact of multifamily development on single family home prices in the Greater Boston Area

Schuur, Arah (Arah Louise Adele)
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 116 p.; 5522762 bytes; 5521261 bytes; application/pdf; application/pdf
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The impact of large, multifamily developments on nearby single-family home prices was tested in five towns in the Greater Boston Area. Case studies that had recent multifamily developments built near transit nodes or town centers were chosen. For each town, a conservative impact zone around the multifamily development was established, and sales prices in this area were compared to those in the rest of the town. Using data on the sales of single-family homes from 1987 until 2005, regression analyses were used to construct hedonic price models for the impact and control areas. This model was used to create a sales price index over time. The trend in the index of the impact zone and the control area was compared in the years immediately preceding the permitting of the multifamily development and the years following completion of the development in order to determine if the multifamily development affected sales prices in the impact zone. In the four cases for which there was appropriate data, no negative effects in the impact zone were found.; by Arah Schuur.; Thesis (M.C.P. and S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2005.; This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.; Includes bibliographical references (p. 113-115).

‣ Does design make a difference : an analysis of the conditions under which youth centers operate

Shin, Sarah (Sarah Seung Mok)
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 126, [8] p.; 9068906 bytes; 9075859 bytes; application/pdf; application/pdf
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This paper looks at youth centers, specifically Boston-based Boys & Girls Clubs, as neighborhood-scale enclosed public spaces. Due to the lower income and high-risk populations the Boys & Girls Clubs of America serves, these clubhouses serve as field subjects for scrutinizing what conditions must be present for youth centers, an age- specific community space, to function and serve their intended populations. A series of interviews with Boys & Girls Clubs staff-persons and youth and observational studies were conducted to analyze how the clubhouses are used in the Boston area. Physical clubhouse designs, as well as programs, policies, users and personnel were compared. These analyses have led to a number of conclusions and recommendations concerning the establishment and function of youth centers. The variables found to be in common or have some relationship to each other include architectural process and design, staff, programs, accessibility, bureaucracy, facilities, seasonal adaptability, and neighborhood risk. Overall, design concerning clubhouse interiors was found to make a significant difference in how youth centers work while exterior architecture did not.; by Sarah Shin.; Thesis (M.C.P.)--Massachusetts Institute of Technology...

‣ The incidence of popular complaints of farmers on land compensation : a case study of two villages in Dalian, Liaoning Province, China

Li, Li, S.M. (Massachusetts Institute of Technology)
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 42 leaves
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The thesis analyzed the reason for the incidence of lodging popular complaints triggered by a land requisition in two villages in Dalian, Liaoning Province, China. The thesis only took the popular protests on land compensation as a background. The main topic was how charismatic leaders mitigated the dissatisfaction toward land compensation. A field research was performed during which intensive interviews were conducted with the villagers and village leaders concerned in the case. The possible factors of causing the different results of popular complaints were discussed. The factor of village leadership was studies in detail. The thesis explained the relationship between village leadership and the happening of complaints. By analyzing the results of interviews, four aspects of village leadership were specified: leadership and economic rewards, leadership and communication, leadership and social norms, and leadership and historic trajectory. The thesis showed that the case in the background of current China could only partially be predicted by the existing theories in western world. Further research need to be conducted specifically against the background of China.; by Li Li.; Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning...

‣ A right to vend : new policy framework for fostering street based entrepreneurs in New York City

Liu, Ya-Ting, M.C.P. Massachusetts Institute of Technology
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 80 p.
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Street vending remains one of the most highly regulated and least understood activities in New York City. The current regulatory framework is overly confusing and complex, leaving policy decisions about who gets to vend and where to the discretion of private interests represented by Business Improvement Districts. There is an estimated ten to twelve thousand street vendors today of which half operate outside any regulatory framework. A historical analysis of street vending policies in New York City reveals a legacy of political and social biases that have influenced contemporary regulatory framework toward vending. Exploratory case studies in Sunset Park and Midtown Community Court illustrate new strategies that are being used today by a Business Improvement District and a criminal justice institution to address vending problem at its root causes. Such strategies break away from traditional prescriptions that focused largely on punitive enforcement measures. A new policy framework for regulating street vending should break the legacy of bias and create a transparent decision making environment that recognizes street vending a right to economic livelihood. Such vending policies should also remain flexible to the nuance of neighborhood scale and need.; by Ya-Ting Liu.; Thesis (M.C.P.)--Massachusetts Institute of Technology...

‣ Municipal strategies for affordable housing : incenting an exacting public goods from private developers

Goldstein, Ari Alowan
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 123 p.
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This thesis studies the next generation of municipal housing policy by asking, "How can cities effectively use the private-sector to promote affordable housing development?" In response, it looks at an array of public-sector municipal policy tools ranging from incentives to exactions. In particular, it focuses on tools that are able to leverage hot real estate markets, such as inclusionary zoning, linkages, and tax abatements. A framework for understanding the constraints and opportunities of past and future policies is established by looking at the economic, legal, and political implications of these exactions and incentives. The interplay of the three forces has affected and will continue to shape the policies that cities are able to implement. Two cities, Boston and New York, each with hot real estate markets, large shortfalls of affordable housing, and sophisticated public policy makers are studied in detail within the overarching framework. Generally, it is argued that effective policy implementation depends on strong market values for residential and commercial real estate, specific legal authority or a grant of broader municipal autonomy from the state, and active political coalitions of affordable housing advocates and developers with a receptive political administration.; (cont.) While it is ideal to have alignment of these economic...

‣ Storytelling on the margins : a theoretical framework for imagining a fashion innovation center in Tuscany; Theoretical framework for imagining a fashion innovation center in Tuscany

Mills, Alexa (Alexa Timeaus)
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 68 leaves
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The importance of the margin has long been deemed important in creative processes. At both the level of the individual and the level of the city, research shows that creativity tends to flourish on the philosophical and physical outskirts of society. This thesis expands upon this theory by looking at a second, less documented trend of creative "edge" institutions: their deliberate use of storytelling for growth and idea development. This thesis examines these trends through three case studies, chosen to illuminate the particular case of Castel Pulci, a declining, vacant villa located ten miles outside of Florence, Italy, which the Italian government has slotted for physical and programmatic renovations to become a center for innovation and business in the fashion industry. The findings indicate that, in addition to exploiting their "edge" positions, innovative institutions pay constant, conscious, and deliberate attention to the role of narrative in their operations. Whether understanding objects, imagining the future, bringing a community together, or selling a product, the research in these case studies suggest that the use of storytelling is pivotal for innovative "edge" institutions.; by Alexa Mills.; Thesis (M.C.P.)--Massachusetts Institute of Technology...

‣ Regulating new construction in historic areas

Sellers-Garcia, Oliver
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 109 p.
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This study is an examination of how the restrictiveness of different design regulations impacts the process of new construction in historic areas. The North End, South End, and Back Bay neighborhoods of Boston were identified as historic areas that possessed increasingly restrictive design regulations, and within each neighborhood, two recent new buildings were selected as case studies. Each pair of cases represented a project that had undergone either an easy or difficult approval process under the district's design regulations. Using relevant statutes, interviews with regulators, reviewers, and architects, and the official documentation produced during the approval process, histories for each of the new buildings were compiled and compared. The results of this comparison suggest that, counter to the hypothesis, there is not a direct relationship between the restrictiveness of the regulation and certain variables such as historicism, inflexibility, and contextualism. In many ways, the new construction processes that occur in the North End and Back Bay, the least and most restrictive regulatory environments, respectively, resemble each other much more than they resemble the process that takes place in the South End, which is moderately restrictive.; (cont.) Various factors lead to the prevalence of historicist design in the South End...

‣ "For good design, you pay now; for bad design, you pay later"--or do you?

Murugappan, Meena; O'Young, S. Michael
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 118 leaves
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What is the value of architectural design on office building income? This empirical study of 296 office building located in 11 Metropolitan Statistical Areas (MSA) hopes to quantitatively determine if a plain vanilla cereal box suburban office building commands more or less net operating income than an office building with a higher level of design. Previous empirical studies have found a strong influence of design on rents but were limited in geography, building characteristics and total number of observations. In an important study by Vandell and Lane (1990), they found that good architecture commanded a premium of over 20% in office rents. Also, their study showed that good design cost more to produce on average, but not necessarily in every case. Data was gathered from a portfolio of US office buildings and consisted of building metrics and property level 2000-2005 Net Operating Income (NOI). This base data set, MSA dummy variables and architectural attribute dummy variables (created by the authors) formed the backbone of the research. Multiple log linear regression analysis was conducted to identify the economic effects of good design.; (cont.) In addition, a survey taken by 31 architects was used to capture subjective rankings on the all 296 office buildings to determine if there is a consensus as to what constitutes good design. It is hoped that these professionals...

‣ Bridging the divide : incorporating local ecological knowledge into U.S. natural resource management

Schulman, Alexis
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 88 p.
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For the past 100 years, natural resource management in the United States has reflected a belief that the top-down application of science to predict and control the natural world will, in the words of Gifford Pinchot, the Nation's first head of the U.S. Forest Service, "support the wise use of the earth and its resources for the lasting good of men." However, over the past two decades, a growing number of critics have challenged the technocratic optimism of this "conventional management", arguing that the public should be more deeply engaged in the decision-making that drives natural resource management and policy. Part of the rationale for this argument is based on the growing recognition that Western, scientific management has discounted the value of local ecological knowledge (LEK), a system of knowledge developed over time through observation and interaction with the natural environment. Although advocates have expounded the benefits of using LEK, in practice, LEK is rarely integrated into the scientific assessments that drive management decisions. To understand what affects whether or not LEK is incorporated into management science, this thesis examines: 1. What are the particular barriers to integrating LEK into management science? 2. When LEK is integrated into management science...

‣ "A transit pass in everyone's hand?" : implementing Unlimited Access Pass programs as a strategy to increase transit ridership; Implementing Unlimited Access Pass programs as a strategy to increase transit ridership

Hester, Ursula, 1971-
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 109 p.; 6709275 bytes; 6722440 bytes; application/pdf; application/pdf
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(cont.) ridership growth induced by UAP programs. The lessons learned are then applied in form of a university pass program at the MBTA in Boston, suggesting program designs, pricing alternatives and estimating impacts on the transit agency, universities and unlimited access pass holders.; Unlimited Access Pass (UAP) Programs--arrangements between transit agencies and universities that provide transit passes to group members at a heavily discounted rate through a group purchase program--have become a successful tool to increase ridership and decrease vehicle miles traveled (VMT) and parking demand while yielding an equivalent fare value to transit agencies. Due to the prepaid and discounted nature of the pass these programs level the playing field between the automobile and transit by virtually eliminating the perceived out-of-pocket cost of taking transit. In addition, by capturing the cross-subsidies within a functional entity, such as a university or employer, this technique has the potential to internalize the otherwise external benefits of transit use, such as reduced pressure on limited amount of expensive parking supplies and access roads. It thereby achieves a "win-win" outcome for all of the primary affected groups, while maintaining equitable revenues...

‣ Making schools the centers of communities : moving the Los Angeles Unified School District from policy to practice

Rodriguez, Miguel A. (Miguel Angel), M.C.P. Massachusetts Institute of Technology
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 80 p.
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Schools often represent the largest, single community public infrastructure investment. In light of this, California's Los Angeles Unified School District (LAUSD) is in a unique and critical position as it attempts to undertake the largest, single capital improvement campaign in the Nation's history. With a growing public investment of $19.2 billion for local schools, LAUSD's efforts create an opportunity to attract greater physical, programming and economic resources using a joint use school development approach. Through joint use development, LAUSD acts as a development anchor, driving community and economic development by leveraging resources from public and private entities. The benefits of joint use include greater overall project value; public investment maximizing; more efficient use of scarce community resources; and increased number of resources available to local communities. In order to achieve these goals, LAUSD recently adopted a formal Joint Use Program that lays out a strategy for identifying community resource needs, seeking out joint use opportunities, and outreaching to potential partners.; (cont.) Despite these efforts, however, joint use remains an incidental development activity that lacks full integration within LAUSD's overarching school development framework. Hence this thesis examines LAUSD's current Joint Use Program in context of its ongoing capital improvement campaign...

‣ Mediating regional development : how metalworking firms forged lasting linkages with steel in Ciudad, Guayana, Venezuela

Döhnert, Sylvia, 1970-
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 2 v. (275 leaves); 13153219 bytes; 13153016 bytes; application/pdf; application/pdf
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Ever since the late 1950s, planners have lured large firms to lagging regions with the expectation that they will trigger local industrial activity. According to the literatures on unbalanced growth, growth poles, foreign direct investment, and global commodity chains, large firms can dynamize lagging economies by creating a market for inputs, which then stimulates and fortifies local suppliers. Yet in practice, many national and regional development efforts centered on attracting large firms have not elicited this hoped for, backward linkage effect. This study researches why large firms arriving to lagging regions seldom induce local suppliers, and how they can. Existing studies relate linkage behavior to firm-specific or industry-specific variables. This research differs in looking at the process through which large firms develop links to local suppliers. Specifically, this study traces the evolution of backward linkages in Ciudad Guayana, Venezuela, where more than 100 small and medium metalworking firms developed to supply the large steel firm Siderirgica del Orinoco (SIDOR) with maintenance, parts and equipment. Research of other steel-centered cases in lagging regions reveals that this linkage effect is uncommon. When it happens...

‣ Building success : the role of the state in the cultural facility development process; Role of the state in the cultural facility development process

Choy, Carolyn (Carolyn Anne)
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 95 p.
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This thesis investigates the question of what is the current role of the state in the cultural facility development process, and, in light of facility-related warnings that have been made over the years, what role should the state take? I study if and how the states have responded to calls for change in the industry and also address the feasibility of a state-level cultural facilities funding program that successfully delivers both financial and technical assistance services to the arts and cultural sector. I use a mixed-method case study approach: a nationwide survey of state arts agencies, program guideline analysis, and interviews, culminating in case studies of selected state-level cultural facilities funding program. I find that the state currently plays a variety of roles in the cultural facility development process, due to a number of different factors in program design, such as program size and key decision-making entities, that affect a state agency's ability to act in an effective manner. There are two parts to program effectiveness-is it getting done? And, is it getting done well?-that are attributable to adequate funding and good discretionary judgment, respectively. Unfortunately, I find an inverse relationship between these two factors...

‣ Key worker housing : a demand analysis of middle-income workforce housing in eastern Massachusetts

Sacks, Sean D
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 116 leaves; 18289342 bytes; 18289143 bytes; application/pdf; application/pdf
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The Boston Metropolitan Area is one of the most expensive places to live in the United States. In recent years studies have speculated that middle-income workers have had to endure increased commute times as they have moved farther away from their jobs in order to live in adequate housing that is affordable. These long commutes may signal shortage and demand for more housing that the area's workforce can afford in the Boston metro area. This thesis intends to substantiate or debunk some of the above claims using Eastern Massachusetts' teacher, nurse, firefighter, and policeman "key workers" as a proxy for middle-income workforce households, and to better understand where demand may be greatest for middle-income housing. Key workers provide essential education, heath, and community safety services fundamental to the long-term vitality of our cities and towns. Key workers would therefore likely be at the forefront of any new middle-income housing policy either at the town or state level. The analysis integrates both 2000 Census micro-level individual and micro-level household data by job location to provide a more accurate picture of affordability and demand on the household level for 165 communities in Eastern Massachusetts.; (cont.) Incorporating a spatial multi-dimensional approach beyond simplistic median incomes and median house price comparisons...

‣ Beneth corporate codes of conduct : what drives compliance in two Mexican garment factories

Romis, Monica
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 144 leaves; 8783957 bytes; 8791868 bytes; application/pdf; application/pdf
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This thesis addresses the question: under what conditions do corporate codes of conduct work? To answer this question, I develop two case studies of subcontracting factories that are subject to a multinational company's (MNC) code of conduct. These two factories have many similarities-both are in Mexico, both are in the apparel industry, and both produce for the same MNC. In addition, on the surface, they appear to have similar labor practices. They have comparable policies vis-à-vis their workers in terms of recruitment, promotion system, grievance system, and benefits. However, upon conducting fieldwork at the plants, I found that, despite similarities on paper, there are significantly differences in actual labor conditions. One factory complies with the code of conduct and the other does not. I argue that the code of conduct, and other similar policies, are "filtered" by the management, which results in different labor conditions. Four factors influence the way managers treat their workers and interact with the MNC external labor markets, product markets, cultural and language conditions inside the plants, and values of management. These factors influence the management style of the plants and their relationship with the MNC, which result in different implementation of the same policies...

‣ Made in China : the rise of the Chinese domestic firms in the information industry

Fan, Peilei, 1972-
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 214 p.; 11927849 bytes; 11927657 bytes; application/pdf; application/pdf
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This research uses a multi-case analysis approach to study China's catching-up as a late-industrialized economy in the information and communications technology (ICT) industries. The significant contributions of this study are: the staged catching-up theory framework, the findings from the cases, and the policy implications. This study contributes to the late-industrialization literature by filling its theoretical gap--how domestic firms can catch up when there is strong MNC presence and what is the role of innovation capability. I develop a staged catching-up theory that can be used as a framework to analyze the successful catching-up process of domestic firms in a late industrialized economy while facing strong MNC presence. The theory describes the behavior of domestic firms, the behavior of MNCs, and the role of government, as well as the spatial implications of each stage. The case studies prove that Chinese domestic firms in the information industries have followed a path of catching-up that can be described by the staged catching-up theory, and innovation capability and self-developed technologies were the ultimate driving force that has enabled leading domestic firms to catch up with the MNCs in the telecom-equipment and PC manufacturing industries. This research validates that government involvement has rewarded the companies' efforts in building innovation capability and developing proprietary technologies. This research has implications for how China can catch up...

‣ REIT here, REIT now : should the UK consider the introduction of a REIT-style vehicle; Real Estate Investment Trust here, Real Estate Investment Trust now : should the United Kingdom consider the introduction of a Real Estate Investment Trust-style vehicle

Spencer, Nicholas A. (Nicholas Andrew), 1975-
Fonte: Massachusetts Institute of Technology Publicador: Massachusetts Institute of Technology
Tipo: Tese de Doutorado Formato: 103 leaves; 4676982 bytes; 4676788 bytes; application/pdf; application/pdf
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This thesis investigates a number of the issues currently pertaining to the introduction of a UK Real Estate Investment Trust (REIT) vehicle. It uses a combination of qualitative and quantitative studies to evaluate whether the UK government should investigate and pursue this form of property equity securitisation. The report is split into three parts. The first describes the history of the UK securitisation lobby and investigates the theory and characteristics of the US REIT vehicle. It describes similar vehicles used throughout North America, Europe, Asia and Australia with specific regard to their varying restrictions and regulations. The second section uses Modern Portfolio Theory to examine the benefits of a securitised property vehicle within a mixed asset portfolio. The exercise tests the theory that the UK Public Limited Company is at a disadvantage to the American REIT and the Australian Listed Property Trust. Finally, an American REIT and an American C-Corporation are compared in a valuation exercise to assess the magnitude of the US REIT's tax benefits. The final section draws from the previous analyses to present a qualitative discussion of the key arguments with regard to different participants in the UK property market. In conclusion...