Biographical Sketch for Ko Wang

After working for several real estate companies in Taiwan , Ko came to the U.S. in 1981 to pursue graduate studies at the University of Texas at Austin . While there, he obtained an MS in Community and Regional Planning (1982), an MBA with a real estate concentration (1984), and a Ph.D. in real estate and finance (1988). While pursuing his Ph.D. degree, Ko also worked full time at a leading real estate consulting firm and later became a partner of a start-up consulting firm, which at its peak had 30 employees.

In 1989, Ko began his academic career as an Assistant Professor in the Department of Finance at the University of Texas at Austin . He joined California State University at Fullerton (CSUF) shortly thereafter and was promoted to Full Professor in 1992. Starting in 1995, Ko began his concurrent affiliation with the Department of Finance at The Chinese University of Hong Kong (CUHK), where he became a chaired real estate professor in 1999. In the same year, t he newly established School of Hotel Management at CUHK recruited Ko to serve as its founding Director. In the following two years, he successfully offered Hong Kong 's first hospitality executive training program, established an advisory committee consisting of industry leaders, and placed all its students into summer internships. While still serving as an Honorary (chaired) Professor of CUHK, Ko returned in 2001 to CSUF as the Co-Director of the Real Estate and Land Use Institute. He was appointed as a Visiting Professorial Fellow by National University of Singapore in July 2003 and taught for Tsinghua University as a Visiting Professor in July 2004. In September 2005, Ko joined the Zicklin School of Business, Baruch College , City University of New York as the Newman Chair in Real Estate Finance and the founding chair of the Department of Real Estate. Within two years, Ko revised a degree program (BBA in Real Estate) and created three new degree programs (MBA in Real Estate, MS in Real Estate, and a Ph.D. program in Real Estate within the Finance specialization).

Ko publishes both in real estate and finance journals, which include Real Estate Economics (14) , Journal of Real Estate Research (10), Journal of Urban Economics , Journal of Real Estate Finance and Economics(2) , International Real Estate Review (4) , Journal of Business , Journal of Finance , Journal of Financial Economics , Journal of Financial and Quantitative Analysis , and Review of Financial Studies . He also co-authored a book on Real Estate Investment Trusts ( Oxford University Press: New York ), co-edited a monograph on Real Estate Valuation Theory ( Kluwer Academic Publishers: Boston ), and co-wrote 19 teaching cases and teaching notes on real estate and finance issues faced by firms in Asia (distributed by Harvard Business School Publishing and European Case Clearing House ). He has another co-authored book (on real estate markets and cycles) under contract with Oxford University Press ( New York ) .

Ko is the editor of Journal of Real Estate Research (since 1998), founding executive editor of International Real Estate Review (since 1997) and co-executive editor of the Journal of Housing Studies (since 2006). As the editor, Ko successfully placed JRER into the coverage of SSCI. He has served on editorial boards of 7 journals, was a keynote speaker at a conference, serves on the board of several organizations, received the achievement award from the International Real Estate Society , and named a Fellow of the Homer Hoyt Institute and the Hong Kong Institute of Real Estate . He is an invited member of the Real Estate Counseling Group of America and a Fellow of the Royal Institution of Chartered Surveyors (RICS). Ko chaired the founding meeting of the Asian Real Estate Society (AsRES) in 1996 and has served as its Executive Director until 2002. In 2000 and 2007, Ko was the co-chairman for the 5 th Annual AsRES Meeting held in Beijing (with 575 participants, it is probably the largest real estate conference in the world to date) and the 12 th Annual AsRES Meeting held in Macau . Professor Wang also provides consultancy services, offers executive training, and conducts research projects for firms and government bodies in the United States , Japan , Mainland China , and Hong Kong .

CURRICULUM VITAE

Ko Wang

AREAS OF INTEREST

Teaching: Real Estate, Corporate Finance, and Investments.

Research: Real Estate Investment, Corporate Finance, and Real Estate Markets.

EDUCATION

Ph.D. University of Texas at Austin (September 1985 - August 1988),

Real Estate and Finance Concentrations.

MBA University of Texas at Austin (September 1983 - August 1984),

Finance and Real Estate Concentrations.

MS in CRP University of Texas at Austin (September 1981 - December 1982),

Community and Regional Planning.

LLB Chinese Culture University (September 1973 - May 1977),

Urban Affairs Concentration.

ACADEMIC EXPERIENCE

I. Baruch College, City University of New York:

1. Newman Chair in

Real Estate Finance Department of Real Estate (September 2005 - Present).

2. (Founding) Chair Department of Real Estate (September 2005 - Present).

II. California State University- Fullerton:

1. Professor Department of Finance (August 1992 - Present).

2. Co-Director Real Estate and Land Use Institute (1994 -August 2005).

3. Associate Professor Department of Finance (August 1989 - July 1992).

III. Chinese University of Hong Kong:

1. Honorary Professor Faculty of Business Administration (Started Nov 2001).

2. (Chaired) Professor of

Real Estate Faculty of Business Administration (May 1999 - Aug 2001)

3. (Founding) Director School of Hotel Management (August 1999 - Aug 2001).

4. Professor Department of Finance (August 1997 - May 1999).

5. Director Center for Financial Research on China (1996 - 1998).

6. Visiting Professor Department of Finance (August 1995 - August 1997).

IV. National University of Singapore:

1. Visiting Professorial

Fellow Department of Real Estate (Started July 2003).

V. Tsinghua University, Beijing, China:

1. Visiting Professor Institute of Real Estate Studies (Summer 2004).

VI. University of Texas at Austin:

1. Visiting Professor Department of Finance (June 1993 - August 1993).

2. Assistant Professor Department of Finance (January 1989 - June 1989).

INDUSTRY EXPERIENCE

1. Partner (with one-third ownership)

Mccluskey & Jenkins Appraisal Inc. (July 1987 - August 1989),

a real estate appraisal and consulting firm with approximately 30 employees.

2. Director of Investment Analysis

Rudy Robinson & Associates Inc. (September 1984 - July 1987),

a real estate appraisal and consulting firm with approximately 60 employees.

3. Special Assistant to President or Division Manager

Ocean World Development Inc. (February 1981 - July 1981),

Tie-Fu Land Development Inc. (October 1980 - February 1981),

Kei-O Development Inc. (June 1979 - September 1980).

The above three firms are in the real estate development business in Taiwan.

4. Second Lieutenant

Chinese Air Force (July 1977 - May 1979),

an officer in charge of equipment and buildings.

PUBLICATIONS

I. Academic Publications:

1 Rose Neng Lai, Ko Wang and Jing Yang, “Stickiness of Rental Rates and Developers' Option Exercise Strategies," Journal of Real Estate Finance and Economics, 34:1, 2007, 159-188.

2 Ko Wang and Yuqing Zhou, “Equilibrium Real Options Exercise Strategies with Multiple Players: The Case of Real Estate Markets," Real Estate Economics, 34:1, 2006, 1-49.

3 Su Han Chan, W. K. Leung, and Ko Wang, "Changes in REIT Structure and Stock Performance: Evidence from the Monday Stock Anomaly," Real Estate Economics, 2005, 89-120.

4 Su Han Chan, W. K. Leung, and Ko Wang, "The Impact of Institutional Investors on Monday Seasonal," Journal of Business, 2004, 967-986.

5 Rose Neng Lai, Ko Wang, and Yuqing Zhou, “Sale before Completion of Development: Pricing and Strategy,” Real Estate Economics, 32:2, 2004, 329-357.

6 Su Han Chan, Ko Wang, and Jing Yang "Pricing Factors in Real Estate Markets: A Simple Preference Based Approach," International Real Estate Review 6:1, 2003, 102-120.

7 Ko Wang, Leslie Young, and Yuqing Zhou, "Non-Discriminating Foreclosure and Voluntary Liquidating Costs," Review of Financial Studies, 15:3, 2002, 959-985.

8 Tsong-Yue Lai, Hin Man Mak, and Ko Wang, "Asset Pricing Model with Short-Sale Restrictions: The Case of Asian Property Markets," International Real Estate Review 4:1, 2001, 42-55.

9 Su Han Chan, Mark Stohs, and Ko Wang, "Are Real Estate IPOs a Different Species? Evidence from Hong Kong IPOs," Journal of Real Estate Research 21:3, 2001, 201-220.

10 Ko Wang, Yuqing Zhou, Su Han Chan, and K. W. Chau, "Over-Confidence and Cycles in Real Estate Markets: Cases in Hong Kong and Asia," International Real Estate Review 3:1, 2000, 93-108.

11 Ko Wang and Yuqing Zhou, "Overbuilding: A Game-theoretic Approach," Real Estate Economics 28:3, 2000, 493-522.

12 Neng Lai and Ko Wang, "Land-Supply Restrictions, Developer Strategies and Housing Policies: The Case in Hong Kong," International Real Estate Review 2:1, 1999, 143-159.

13 Su Han Chan, W. K. Leung, and Ko Wang, "Institutional Investment in REITs: Evidence and Implications," Journal of Real Estate Research 16:3, 1998, 357-374.

14 Tsong-Yue Lai and Ko Wang, "Appraisal Smoothing: The Other Side of the Story," Real Estate Economics 26:3, 1998, 511-535.

15 Su Han Chan, Michelle Chu, George Lentz, and Ko Wang, "Intra-Project Externality and Layout Variable in Residential Condominium Appraisals," Journal of Real Estate Research 15:2, 1998, 131-145.

16 George Lentz and Ko Wang, "Residential Appraisal and the Lending Process: A Survey of Issues," Journal of Real Estate Research 15:1, 1998, 11-39.

17 Ko Wang, Yuming Li, and John Erickson, "A New Look at the Monday Effect," Journal of Finance 52:5, 1997, 2171-2186.

18 Ko Wang and John Erickson, "The Stock Performance of Securitized Real Estate and Master Limited Partnership," Real Estate Economics 25:2, 1997, 295-319.

19 Tsong-Yue Lai and Ko Wang, "Comparing the Accuracy of the Minimum-Variance Grid Method to Multiple Regression in Appraised Value Estimates," Real Estate Economics 24:4, 1996, 531-549.

20 Ko Wang, Su Han Chan, and John Erickson, "Does the REIT Stock Market Resemble the General Stock Market?" Journal of Real Estate Research 10:4, 1995, 445-460.

21 Yuming Li and Ko Wang, "The Predictability of REIT Returns and Market Segmentation," Journal of Real Estate Research 10:4, 1995, 471-482.

22 Su Han Chan, George Gau, and Ko Wang, "Stock-Market Reaction to Capital Investment Decisions: Evidence from Business Relocation Announcements," Journal of Financial and Quantitative Analysis 30:1, 1995, 81-100.

23 Ko Wang, John Erickson, George Gau, and Su Han Chan, "Market Microstructure and Real Estate Returns," Real Estate Economics 23:1 (formerly AREUEA Journal), 1995, 85-100.

24 George Gau, Tsong-Yue Lai, and Ko Wang, "A Further Discussion of Optimal Comparable Selection and Weighting, and A Response to Green," AREUEA Journal 22:4, 1994, 675-683.

25 George Gau and Ko Wang, "The Tax-Induced Holding Periods of Real Estate Investors: Theory and Empirical Evidence," Journal of Real Estate Finance and Economics 8:1, 1994, 71-86.

26 Ko Wang, John Erickson, and George Gau, "Dividend Policies and Dividend Announcement Effects for Real Estate Investment Trusts," AREUEA Journal 21:2, 1993, 185-201.

27 Tsong-Yue Lai, Ko Wang, Su Han Chan, and Daniel Lee, "A Note on Optimal Portfolio Selection and Diversification Benefit with Short Sale Restriction on Real Estate Assets," Journal of Real Estate Research 7:4, 1992, 493-501.

28 Ko Wang, Su Han Chan, and George Gau, "Initial Public Offerings of Equity Securities: Anomalous Evidence Using REITs," Journal of Financial Economics 31:3, 1992, 381- 410.

29 George Gau, Tsong-Yue Lai, and Ko Wang, "Optimal Comparable Selection and Weighting in Real Property Valuation: An Extension," AREUEA Journal 20:1, 1992, 107-123.

30 Ko Wang, Terry Grissom, and James Webb, "The Spatial Equilibrium of Intra-Regional Rate-of-Return and the Implications for Real Estate Portfolio Diversification," Journal of Real Estate Research 7:1, 1991, 59-72.

31 Ko Wang, Terry Grissom, James Webb, and Lewis Spellman, "The Impact of Rental Property on the Value of Single Family Residences," Journal of Urban Economics 30:2, 1991, 152-166.

32 George Gau and Ko Wang, "Appraisal Data and Bias in Real Estate Return Indexes: A Reply," AREUEA Journal 19:1, 1991, 113-116.

33 George Gau and Ko Wang, "Capital Structure Decisions in Real Estate Investment," AREUEA Journal 18:4, 1990, 501-521.

34 Ko Wang, Terry Grissom, and Su Han Chan, "The Functional Relationship and Use of Going-In and Going-Out Capitalization Rates," Journal of Real Estate Research 5:2, 1990, 231-246.

35 George Gau and Ko Wang, "A Further Examination of Appraisal Data and the Potential Bias in Real Estate Return Indexes," AREUEA Journal 18:1, 1990, 40-48.

36 Ko Wang, James Webb, and Susanne Cannon, "Estimating Project Specific Absorption," Journal of Real Estate Research 5:1, 1990, 107-116.

II. Professional Publications:

1. Ko Wang and Jing Yang, ''Are There Bubble Potentials in the U.S. Retail Property Market?''. Journal of Shopping Center Research , 2007, foirthcoming.

2. Terry Grissom and Ko Wang, "Rental Property and Housing Prices: A Case Study," Real Estate Research Center Technical Paper Series, January 1991, 1-19.

3. Terry Grissom and Ko Wang, "Market Segmentation Using Capitalization Rate," Real Estate Research Center Technical Paper Series, January 1988, 1-39.

4. Terry Grissom, Rudy Robinson, and Ko Wang, "Matched Pairs Analysis Program and Compliance with FHLBB Memorandum R41B/C," Appraisal Journal, January 1987, 42-68.

III. Teaching Cases:

All the cases listed below are published by the Center for Asian Business Cases at the University of Hong Kong and distributed by the Harvard Business School Publishing and European Case Clearing House.

1. Su Han Chan and Ko Wang, " Fountain Set (Holdings) Limited: Privatizing or Stay Public," 2002. (Case prepared by Ms. Mary Ho. Case Length: 14 pages. Teaching Notes: 7 pages.)

2. Su Han Chan and Ko Wang, "Singapore Telecommunications Limited: The Bid for Cable & Wireless HKT Limited," 2002. (Case prepared by Ms. Mary Ho. Case Length: 19 pages. Combined Teaching Note: 28 pages.) This case is selected for use in the 2002 MBA International Case Competition.

3. Su Han Chan and Ko Wang, "Pacific Century CyberWorks Limited: The Bid for Cable & Wireless HKT Limited," 2002. (Case prepared by Ms. Mary Ho. Case Length: 18 pages. Combined Teaching Note: 28 pages.) This case is selected for use in the 2002 MBA International Case Competition.

4. Su Han Chan and Ko Wang, "The Divestiture of Cable & Wireless Hong Kong Telecom Limited," 2002. (Case prepared by Ms. Mary Ho. Case Length: 25 pages. Teaching Note: 18 pages.) This case is selected for use in the 2002 MBA International Case Competition.

5. Su Han Chan and Ko Wang, "Identifying Value Creators" 2002. (Case prepared by Ms. Mary Ho. Case Length: 17 pages. Teaching Note: 24 pages.)

6. Su Han Chan and Ko Wang, " New World Development Company Limited: Diversify or Focus?" 2001. (Case prepared by Ms. Mary Ho. Case Length: 16 pages. Teaching Note: 14 pages.)

7. Su Han Chan and Ko Wang, "Mortgage Securitization in Hong Kong and Asia" 2001. (Case prepared by Ms. Mary Ho. Case Length: 20 pages. Teaching Note: 7 pages.)

8. Su Han Chan and Ko Wang, " Follow the Insiders or Follow the News: The Case of Pacific Century CyberWorks Limited," 2001. (Case prepared by Ms. Mary Ho. Case Length: 21 pages. Teaching Note: 9 pages.)

9. Su Han Chan and Ko Wang, "Phuket Beach Hotel: Valuing Alternative Capital Projects," 2001. (Case prepared by Ms. Mary Ho. Case Length: 4 pages. Teaching Note: 9 pages.)

10. Su Han Chan and Ko Wang, "Privatization of the MTR Corporation," 2001. (Case prepared by Ms. Mary Ho. Case Length: 26 pages. Teaching Note: 10 pages.)

11. Su Han Chan and Ko Wang, "Tom.com, 2000," 2000. (Case prepared by Ms. Mary Ho. Case Length: 20 pages. Teaching Note: 14 pages.)

12. Su Han Chan and Ko Wang, "Hong Kong Disneyland (C): The Joint Venture Negotiation," 2000. (Case prepared by Ms. Mary Ho. Case Length: 4 pages. Teaching Note: 17 pages.)

13. Su Han Chan and Ko Wang, "Hong Kong Disneyland (B): The HKSAR Perspective," 2000. (Case prepared by Ms. Mary Ho. Case Length: 19 pages. Teaching Note: 13 pages.)

14. Su Han Chan and Ko Wang, "Hong Kong Disneyland (A): The Walt Disney Perspective," 2000. (Case prepared by Ms. Mary Ho. Case Length: 22 pages. Teaching Note: 14 pages.)

15. Su Han Chan and Ko Wang, "Identifying Hong Kong Firms during the Asian Financial Crisis," 2000. (Case prepared by Ms. Mary Ho. Case Length: 10 pages. Teaching Note: 11 pages.)

16. Su Han Chan and Ko Wang, "Sino Land Hotel Spin-off (B)," 1999. (Case prepared by Ms. Mary Ho. Case Length: 11 pages. Teaching Note: 21 pages.)

17. Su Han Chan and Ko Wang, "Sino Land Hotel Spin-off (A),"1999. (Case prepared by Mr. Probir Banerjee. Case Length: 22 pages. Teaching Note: 10 pages.)

18. Su Han Chan and Ko Wang, "Tianjin Development," 1999. (Case prepared by Mr. Probir Banerjee. Case Length: 19 pages. Teaching Note: 11 pages.)

19. Su Han Chan and Ko Wang, "Beijing Enterprises: Initial Public Offering," 1999. (Case prepared by Mr. Probir Banerjee. Case Length: 18 pages. Teaching Notes: 13 pages.)

IV. Monograph:

Ko Wang and Marvin Wolverton, editors, "Real Estate Valuation Theory", Kluwer Academic Publishers: Boston, 2002, 430 pages.

V. Academic Books:

Su Han Chan, John Erickson, and Ko Wang, "Real Estate Investment Trusts: Structure, Performance, and Investment Opportunities", Oxford University Press: New York, 2003, 352 pp.

LINKS:
1. Table of Content (PDF)
2. On-Line Ordering (Oxford University Press)
Click on the image to view the enlarged version.

Translated into Chinese by Hongyu Liu and Ying Hwang, Economics Science Press, Beijing, China, 2004, 288 pp.

LINKS:
1. PDF file with subscription form & Table of Content
2. On-Line Ordering (Economic Science Press)
Click on the image to view the enlarged version.

Translated into Korean by Young Ki Ro, Cha Soon Cha and Yin Su Kim, Pak Young Sa Publishing, Seoul, Korea, 2005, 375 pp.

LINKS:
1. Table of Content (PDF)
2. On-Line Ordering (Pak Young Sa)
Click on the image to view the enlarged version

TEACHING ACTIVITIES

1. Courses Taught:

Real Estate and Urban Land Analysis: Graduate and Undergraduate.

Real Estate Principal: Undergraduate.

Real Estate Practice: Undergraduate.

Real Estate Appraisal: Undergraduate.

Real Estate Valuation and Feasibility Studies: Undergraduate.

Real Estate Investment: Graduate and Undergraduate.

Real Estate Finance: Graduate and Undergraduate.

Real Estate Finance and Investment: Graduate and Undergraduate.

Real Estate Finance and Capital Markets: Graduate.

Financial Management: Graduate and Undergraduate.

2. Average rating:

a. For graduate classes at CSUF during the 1989-1995 period was 3.46 (on a scale of 0 to 4). The corresponding departmental mean rating during the same period was 2.99. Average rating for undergraduate classes at CSUF during the 1989-1995 period was 3.15 (on a scale of 0 to 4). The corresponding departmental mean rating during the same period was 2.97.

b. For graduate classes at CUHK during the 1995-2001 period was 4.98 (on a scale of 1 to 6). Average rating for undergraduate classes at CUHK during the same period was 4.56 (on a scale of 1 to 6). Information on the corresponding departmental mean rating during the same period was not available. Earned Teaching Award Certificates from the Faculty of Business Administration at CUHK during the period.

c. For graduate and undergraduate classes at CSUF during the 2001-2004 period was 3.29 (on a scale of 0 to 4). The corresponding departmental mean rating during the same period was 3.23.

d. The evaluation form at the Baruch College is different. There is no single question that can be used to indicate the average rating of the course.

PROFESSIONAL ACTIVITIES

1. Paper Presenter:

American Real Estate Society Annual Meetings, 1987, 1991, 1995, 1996, 1997, 1998, 1999, 2000, and 2001.

American Real Estate and Urban Economics Association Annual Meetings, 1988, 1989, 1990, 1991, 1992, 1993, 1995, 1996, and 1997.

Financial Management Association Annual Meetings, 1991, 1993, 1994, 1995, 1997, 1998, and 2000.

Asian Real Estate Society Annual Meetings, 1996, 1997, 1998, 1999, 2000, 2001, and 2002.

Skye Conference in Scotland, 2003.

World Valuation Congress, 1990.

2 Invited or Keynote Speaker:

Invited speaker, Public Speech, Chengdu Municipal Real Estate Administration Bureau, China, August 2005.

Moderator, Keynote Speech Panel, K. Wah Hotel Investment Forum, Chinese University of Hong Kong and K.Wah Group, July 2005

Invited speaker, Research Seminar, Baruch College, CUNY, March 2005.

Invited speaker, Public Speech, National University of Singapore, January 2005.

Invited speaker, Research Seminar, Real Estate Counseling Group of America, October 2004.

Invited speaker, Research Seminar, University of Wisconsin – Madison, April 2003.

Invited speaker, Research Seminar, National University of Singapore, May 2002.

Invited speaker, Research Seminar, Homer Hoyt Advanced Studies Institute, January 2001.

Invited speaker, Public Speech, Hong Kong Hotels Association, February 2000.

Invited speaker, Research Seminar, Homer Hoyt Advanced Studies Institute, January 2000.

Keynote speaker, Annual Meeting, First American Real Estate and Urban Economics Association and Asian Real Estate Society joint meeting, May 1999.

Invited speaker, Research Seminar, University of Southern California, March 1999.

Invited speaker, NYU Real Estate Cycle Conference, March 1999.

Invited speaker, MREP Speaker Series, University of Southern California, February 1999.

3. Conference Chairperson:

Co-Chairperson, Thirteen Asian Real Estate Society Annual Conference ( Shanghai ), 2008.
Co-Chairperson, Twelve Asian Real Estate Society Annual Conference (Macau), 2007.

Co-Chairperson, Fifth Asian Real Estate Society Annual Conference (Beijing), 2000. (This might be the largest real estate academic conference in the world to date)

Co-Chairperson, Twelve Asian Real Estate Society Annual Conference (Macau), 2007.

Chairperson, Founding Meeting of the Asian Real Estate Society (Hong Kong), 1996.

4. Conference Organizer:

Program committee, Financial Management Association, 1993, 1994, and 1995.

Organization committee, First Conference of Chinese Real Estate Community, 1998 (Taipei).

Organization and Program committee, Third and Sixth Asian Real Estate Society Annual Conferences, 1998 (Taipei) and 2001 (Tokyo).

Best Paper Selection Committee, Seventh Asian Real Estate Society Annual Conferences, 2002 (Seoul).

Organization and Program committee, First American Real Estate and Urban Economics Association and Asian Real Estate Society joint meeting, 1999 (Hawaii).

Steering committee, First International Real Estate Society World Congress, 2001 (Alaska).

Organization committee and host, Cornell University and Chinese University of Hong Kong First Joint Conference, 2001 (Hong Kong).

Program committee, AREUEA International Meeting, 2003.

5. Executive Training Program Organizer:

Senior Executive Training Program, a 3-day program with 64 participants held at the Regent Hotel Hong Kong, January 2001.

6. External Examiner of Programs:

The University of Hong Kong 2001-2002.

7. External Reviewer for Hiring, Tenure, and Promotion decision:

Served 26 times since 1995 for universities in North America (such as the Cornell University), Asia (such as the National University of Singapore), Europe (such as the University of Cambridge), and Australia (such as the University of New South Wales).

8. External Reviewer for Department:

Department of Land Economics, National Chengchi University, summer 2007

9. External Reviewer for Journal:

Journal of Real Estate Research, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, and 1997.

Real Estate Economics (formerly AREUEA Journal), 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, and 2005.

Journal of Real Estate Finance and Economics, 1993, 1997, 1998, 1999, and 2000.

Journal of Housing Economics, 2003.

Pacific Economic Review, 1996 and 1997.

Omega: the International Journal of Management Science, 1997.

Journal of Property Research, 1997.

Quarterly Journal of Business and Economics, 1999 and 2000.

Journal of Finance, 1998 and 1999.

10. Editorial Board:

Journal of Real Estate Literature, 1992 to Present.

Journal of Real Estate Portfolio Management, 1995 to Present.

Journal of Real Estate Research, 1996 to Present.

Journal of Property Research, 1998 to Present.

International Real Estate Review, 1998 to Present.

Journal of Property Investment and Finance, 1998 to 2005.

Financial Economics Network (FEN): Real Estate, 1998 to Present.

Journal of Quality Assurance on Tourism & Hospitality Services, 1999 to 2001.

Briefings in Real Estate Finance, 2001 to Present.

11. Editorship:

Editor, Journal of Real Estate Research , 1998 to Present.

(Founding) Executive Editor, International Real Estate Review,1997 to Present.

Co-Editor-in-Chief, Journal of Housing Studies, 2006 to Present.

GRANTS AND AWARDS