because "they're likely to be attractive to employees who want to live within walking distance.", which is good for retention and recruitment. Plus, the types

because "they're likely to be attractive to employees who want to live within walking distance.", which is good for retention and recruitment. Plus, the types of companies we're talking about have wads of cash that they're not returning to shareholders (yet). Real estate investments could provide better returns than a a number of other financial instruments. Win-win. :)