Center for Real Estate Director, David Geltner, presented his work on Transaction Price Indexes and Derivatives on Tuesday, April 10th.  Prof.  Geltner has been studying how these innovations in the world of real-estate investment  have the potential to converge in this country and revolutionize the industry, and with it, perhaps, even the way many commercial buildings are designed, built and managed. Transaction-price-based indexes allow for tracking commercial-property price movements, and real-estate equity derivatives  allow synthetic trading of investment real estate.  According to one alum, "the presentation was excellent and it was helpful to learn more about the new tools MIT is working on."  You can access the slides he used for the presentation via MITREX.  If you would like to learn more about the indexes and derivatives, Prof. Geltner will be teaching a Professional Development Course (PDC) entitled "New Tools:  Real Estate Equity Derivatives"  July 11th and 12th.  You can find out more about the course and the Center's other PDC's at web.mit.edu/cre/conted.