Capital structure determinants in real estate limited partnerships.

While numerous corporate capital structure studies consider variation in financial structure across and within many different industries, little research exists regarding the capital structure of non-corporate business firms engaged in the real estate industry. The purpose of this study is to expand the limited amount of academic research regarding real estate limited partnerships (RELPs) as a specialized form of real estate investment by examining the mix of debt and equity capital in these firms as they pursue their investment objectives.