My primary areas of research interest are: (1) measuring residential real estate prices; (2) modeling spatial and temporal variation in those prices; (3) identifying within metropolitan area sub-market boundaries; and (4) real estate investment performance measurement. My house price index research focuses on obtaining precise estimates of residential real estate prices--prices for rental housing services and prices for owner-occupied homes. My housing market research examines how well traditional economic housing market models explain spatial and temporal variation in house prices.
keywords
measuring and modeling spatial and temporal variation in house prices, capital expenditures in commercial real estate
BADM 6940 - Land Use Law
Primary Instructor
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Spring 2018 / Spring 2019 / Spring 2020 / Spring 2021
Examines Federal, state and local regulations governing land use in the U.S. and surveys the basic principles of urban planning and public finance. Describes basic tools governments use to control land use: Euclidean zoning, nuisance law, police power, eminent domain and takings, Planned Urban Developments, historic preservation, wetlands and flood zones, airports, endangered species, view restrictions, and environmental law.
MBAX 6610 - Real Estate Finance and Investment Analysis
Primary Instructor
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Fall 2018 / Fall 2019 / Fall 2020
Objectives of the course are to 1) conduct income property investment analysis; 2) to develop the technical competence necessary to structure real estate transactions; and 3) to understand the financial assets securitized by real estate. Students will analyze income properties using Excel and ARGUS-DCR. Techniques for structuring real estate transactions examined in this course include lender participations, sale-leasebacks, joint ventures, and real estate syndications.
MSBC 5610 - Real Estate Finance and Investment
Primary Instructor
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Fall 2020
The primary objectives of this course are to: (1) describe, analyze, and compare the features of residential mortgage loans, commercial mortgage loans, and commercial leases; (2) conduct income property investment analyses and develop the technical competence necessary to structure basic real estate transactions; (3) understand the operations and valuations of private equity funds and real estate investment trusts (REITs), and how real estate is securitized and sold to everyday investors.
MSBX 5680 - Real Estate Technology
Primary Instructor
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Spring 2020 / Spring 2021
Course objectives are: (1) to understand economic forces that bridge technology, entrepreneurship and real estate; (2) to investigate short-, medium-, and lung-run effects of technology on residential and commercial real estate; (3) to communicate this information to Leeds School of Business students; and (4) to give current students the technology skills necessary to immediately add value for their potential employers.
REAL 4100 - Real Estate Finance and Investment Analysis
Primary Instructor
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Spring 2018
Covers: 1) traditional and alternative financing of residential and commercial real estate; 2) pro forma cash flows and valuation of income generating properties; 3) real estate decisions of non-real estate corporations; and 4) mortgage backed securities and real estate investment trusts (REITs).
