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"They're in a league of their own in terms of owning assets," said Tom Elghanayan, a principal in another family-owned real estate empire, Rockrose Development.
Our society is geared to owning assets.
"We're not in the business of owning assets.
The latter dominates when there is a positive externality and the private benefits from owning assets are small enough.
The idea of owning assets in someone else's name isn't new.
Danny Alexander, chief secretary to the Treasury said: "There's no virtue in the government owning assets it doesn't need to".
Similar(31)
K.N.O.C. already owns assets in Canada.
Those who own assets have made good.
Motor vehicles represent one of the widely owned assets in the US.
The company claims to own assets worth £4.8bn.
Further work is needed into how privately owned assets that have public benefits could be better managed.
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