000 01521cam a2200169 4500500
005 20250713041847.0
041 _afre
042 _adc
100 1 0 _aDemuynck, Simon
_eauthor
700 1 0 _a Van Dooren, Wouter
_eauthor
245 0 0 _aFinancialization beyond partnerships: Real estate investment trusts in elderly care
260 _c2025.
500 _a4
520 _aThe financial services sector plays an increasing role in the public management of social services. Yet, in contrast to well-studied arrangements such as public–private partnerships and social impact bonds, the ways in which the public sector drives financialization beyond these partnerships remain underexplored. We study the involvement of the financial industry in providing real estate for public services. Our case involves real estate investment trust (REIT) engagement with elderly care in Flanders, Belgium. We analyzed 68 annual reports by REITs and conducted 43 semi-structured interviews with key stakeholders. We show that the participation of REITs in social services is increasing significantly. Public governance mechanisms are fueling this form of financialization rather than slowing it down. The result is a form of state-led financialization with little critical scrutiny.
786 0 _nInternational Review of Administrative Sciences | 91 | 2 | 2025-07-01 | p. 247-266 | 0303-965X
856 4 1 _uhttps://shs.cairn.info/journal-international-review-of-administrative-sciences-2025-2-page-247?lang=en&redirect-ssocas=7080
999 _c1386359
_d1386359