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David Geltner Most influential Researcher
Center Director named the most influential researcher in the real estate field from 2000-2004
David Geltner, Director of the Center for Real Estate, has been named the most influential researcher in the real estate field from 2000-2004, reflecting his long-term productivity investigating topics of interest to the real estate community.
The study was published in the Fall 2006 issue of Real Estate Economics, recognized as the leading journal in the real estate field. The study also ranked MIT as the second most influential research institution in the field, based on the number of citations referencing its researchers. (While first-place Berkeley had more citations, they also had many more faculty members involved in real estate research during the period covered by the study.)
The Center's previous director, current real estate economics professor William Wheaton, was ranked the sixth most influential researcher among hundreds of authors tracked in the study. (While Wheaton has more citations overall in the broader field of urban economics, the REE article focused specifically on real estate articles.)
The publication of the study coincides with the second edition of Geltner's Commercial Real Estate Analysis and Investments, co-authored with Norman G. Miller, Jim Clayton and Piet Eichholtz (Thomson South-Western, 2007). The first edition, published in 2001, is recognized as the authoritative resource on commercial real estate analysis and investment. It is the first textbook aimed explicitly at the graduate level, and it has pioneered the teaching of a rigorous economics-based framework for analyzing and understanding real estate investment, featuring a ground-breaking integration of urban and financial economics.
Streamlined and completely updated “with expanded coverage of corporate and international real estate investment“ the upper-level text presents the essential concepts, principles and tools for the analysis of commercial real estate from an investment perspective. The new edition has particularly expanded its treatment of the valuation and analysis of land and real estate development projects, those aspects of real estate investment analysis that most directly impact the physical environment.
Bridging the gap between mainstream finance and the current cutting edge of professional real estate practice, the book explores asset market inefficiency and illiquidity, after-tax analysis for various types of investors, tax-exempt institutions and private investment. Other chapter topics include periodic returns measurement, risk analysis, asset valuation, investment analysis, leverage, capital structure, portfolio theory and option valuation theory.
The 850-page book includes a student version of ARGUS®, a Windows-based program used throughout the industry to solve complex investment and valuation problems, and a student version of Crystal Ball®, professional-grade software used to perform risk analysis on commercial investments. Contributing author Piet Eichholtz from the University of Maasstricht contributed an entirely new chapter on international investments, outlining elements for developing and implementing real estate investments successfully abroad. And Jim Clayton from the University of Cincinnati thoroughly revised and updated the coverage of public real estate investment vehicles – real estate investment trusts and commercial mortgage-backed securities.
Geltner and Miller are also the authors of Real Estate Principles for the New Economy (Thomson South-Western, February 2004), exploring the possibilities brought about by the revolution in information technology and featuring a supplemental CD providing professional-grade spreadsheets and tools.
PLAN 67 Posted January 2007
[PRINTER FRIENDLY VERSION]
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