Someone has got to take the risk of owning the property. Don't take it as some kind of moral imperative, I don't mean it that way. It's not inherently good or bad.
But simply put if a thing has value, people need to decide how to structure access to it. You can't get around having some entity that has the thing on its balance sheet, and that entity decides how to finance the maintenance of the thing. Do you pay in cash? Do you get a mortgage? Do you rent it to mom and pop, or some large corporation? What do you allow in the contracts?
These kinds of decisions have an effect on what the thing will be worth, and in the end there's a risk taker who gets rewarded or punished for doing it well or doing it badly.
You can roll the risk into some larger conglomerate that does other things like building the stuff in the first place, or a financial entity that has some financing advantage, or some entirely other thing that might make sense. But in the end, the risk is there somewhere in some entity and needs to be dealt with.