



Books
Real Estate Finance & Investments: Risks and Opportunities, 1st edition (2003), 2nd edition (2004), and 3rd edition (2011).
Helpful Links
Commercial Property Executive
Economic Outlook - We've Found Bottom! Professional Report SIOR,
1st quarter, Volume, Number 1, Fall 2010
Publication
From Young Turk to Dead Wood,
Wharton Real Estate Review, Spring 2011

Responsibility for and Performance of Corporate Real Estate Functions, Journal of Corporate Real Estate,
co-authored with Hartmann, S.,Pfnur, A., Moy, D., Siperstein, B. Volume 12 (1); 7-25 2010

The Great Panic,
Wharton Real Estate Review, Spring 2010

The Subprime Mortgage Crisis: A View of Ground Zero of the “Great Capital Strike” Wharton Real Estate Review,
co-authored with Man Cho. Fall 2009

Unraveling Housing Price Inflation. Wharton Real Estate Review,
co-authored with Manhong Feng. Fall 2009

Is This The Worst Ever Yet? Wharton Real Estate Review,
Spring 2009

Realizing the Value of Corporate Real Estate Management, Wharton Real Estate Review,
co-authored with Hartmann, S., Pfnür, A., Siperstein, B. Spring 2009

Is this the Worst Ever? Wharton Real Estate Review, Volume XII, Number II
co-authored with John Williams. Fall 2008

Handbook Real Estate Capital Markets: an international perspective on functionality, subprime crisis and future developments. The connection between capital and physical markets: drivers of real estate, chapter 2, pp 49-57.
Co-authored with Anderson, S., Barclay, J.A., Bentzien, D-K.V., Brämisch, D-K. F., Butz, P., Damaske, M.et al, Nico Rottke (ed) 2008

How We Got To The Credit Crisis, Wharton Real Estate Review, Volume XII, Number I
Spring 2008

How Should Commercial Real Estate Be Priced? Wharton Real Estate Review, Volume XII, Number I
co-authored with David Rubenstein, Spring 2008

Evaluating the Decision to Own Corporate Real Estate, Wharton Real Estate Review, Volume XII, Number I
co-authored with Frank Pfirsching, Spring 2008

Some Observations on Real Estate Entrepreneurship, Wharton Real Estate Review, Volume XI, Number II
Fall 2007

The Capital Markets Disarray, Wharton Real Estate Review, Volume XI, Number II
Fall 2007

Regional Growth Variability, Wharton Real Estate Review, co-authored with Deborah Chan Moy, Volume XI, Number 1
Spring 2007

Forecasting 2020 U.S. County and MSA Populations, Wharton Real Estate Review, co-authored with Albert Saiz , Volume X, Number 2
Fall 2006

Shrinking Cities Revisited, Wharton Real Estate Review,
co-authored with Witold Rybczynski. Fall 2006

The Equitization of Real Estate, Wharton Real Estate Review, Volume X, Number 2
Fall 2006

Revisiting Return Profiles of Real Estate Investment Vehicles, Wharton Real Estate Review, Volume IX, Number 2,
co-authored with Deborah Chan Moy, Fall 2005

What Should Stabilized Multifamily Cap Rates Be? Wharton Real Estate Review, Volume IX, Number 1
Spring 2005

Real Estate and Economies: The Case of REITs, Real Estate Economics, Volume 33, Number 2,
co-authored with Brent Ambrose and Michael Highfield 2005

The Return Volatility of Publicly and Privately owned Real Estate, Wharton Real Estate Review, Volume VIII, Number 2
Fall 2004

A Disconnect in Real Estate Pricing? Wharton Real Estate Review, Volume VIII, Number 1
Spring 2004

Understanding The Return Profiles of Real Estate Investment Vehicles, Wharton Real Estate Review, Volume VII, Number 2
co-authored with Deborah Chan Moy, Fall 2003

The Evolution of Retailing in the U.S., Wharton Real Estate Review, Peter Linneman and Deborah Chan Moy, Volume VII, Number 1
Spring 2003

The Forces Changing Real Estate Forever: Five Years Later, Wharton Real Estate Review, Volume VI
Fall 2002

Real Estate Private Equity Funds: Past, Present and Future, Wharton Real Estate Review,
co-authored with Stan Ross, Spring 2002

Should Commercial Real Estate Be Included in the S&P 500?, Wharton Real Estate Review, Volume V #2,
Fall 2001

International Real Estate Investing, Wharton Real Estate Review, Volume V #1,
Spring 2001

The Value of Corporate Real Estate, Wharton Real Estate Review, co-authored with Peter JMM Krumm, Volume IV, #2
Spring 2001

Organization and REIT Operating Characteristics, Journal of Real Estate Research, co-authored with Brent Ambrose, Vol. 21, No. 3
2001

Economies of Scale, Wharton Real Estate Review, co-authored with Brent M. Ambrose and Michael J. Highfield, Volume IV, # 2,
Fall 2000

Residential-Mortgage Lending Discrimination and Lender-Risk –Compensating Policies, Real Estate Economic,
co-authored with Henry Buist and Isaac Megbolugbe, Volume 27 (4):695-717, 1999

Analyzing the Relationships Among Race, Wealth, and Home Ownership in America, Journal of Housing Economics,
co-authored with Joseph Gyourko and Susan Wachter, 8: 63-89 1999

The Maturing of REITs, Wharton Real Estate Review, co-authored with Brent Ambrose Volume III, #2,
Fall 1999

Corporate Real Estate Strategies, Wharton Real Estate Review, Volume III, #2,
Spring 1999

The Linkage Between Public And Private Pricing, Wharton Real Estate Review, co-authored with Brent Ambrose Volume III, #2,
Spring 1999

The Coming Disposal of Corporate Real Estate, Wharton Real Estate Review, Volume II, #2
Fall 1998

What We Need To Know About Casino Development, Wharton Real Estate Review, co-authored with Lisa Megargle George and Brent W. Ambrose, Volume II, #1,
Spring 1998

Do Borrowing Constraints Change U.S. Homeownership Rates?, Journal of Housing Economics, (6 December)
co-authored with Isaac Megbolugbe, Susan Wachter, and Man Cho. 1997

Evaluating Commercial Real Estate Market Balance: The Wharton Real Estate Index, Wharton Real Estate Review, co-authored with Brent Ambrose and Susan Wachter, Volume 1, #2
Fall 1997

Shrinking Cities, Wharton Real Estate Review, Volume 1, #2,
co-authored with Witold Rybczynski, Fall 1997

Will We Need More Office Space, Wharton Real Estate Review, Volume 1, #2,
Fall 1997

Forces Changing the Real Estate Industry Forever, Wharton Real Estate Review, Volume 1, #1, pp. 1-12
Spring 1997

The Changing Influences of Education, Income, Family Structure, and Race on Homeownership by Age Over Time, Journal of Housing Research, Volume 8, #1, pp. 1-26,
co-authored with Joseph Gyourko, 1997

Analysis of the Changing Influences on Traditional Households’ Ownership Patterns, Journal of Urban Economics, 39: 318-341,
co-authored with Joseph Gyourko, Spring 1996

In Studies On Privatizing Fannie Mac and Freddie Mac,
co-authored with Susan Wachter, James Follain, Roberto Quercia, and George McCarthy, p.382. US Department of Housing and Urban Development. 1996

Understanding Neighborhood Dynamics: A Review of the Contributions of William Grisby, Urban Studies, Volume 33, #10,
co-authored with Isaac Megbolugbe and Marja Hoek-Smit Winter 1996

Analysis of the Changing Influences on Traditional Households Ownership Patterns, Journal of Urban Economics, Volume 39, #3, pp. 318-341,
co-authored with Joseph Gyourko, 1996

Privatization and Housing Policy (with Peter Linneman). Urban Studies 31(4/5): 635-651
1994

Dynamics of the Greenbelt Amenity Effect on the Land Market: The Case of Seoul's Greenbelt, Journal of Real Estate Economics,
co-authored with Change Moo Lee, Volume 26, #1, pp. 107-130, Spring 1993

Comparing Apartment and Office Investments, Real Estate Review,
co-authored with Joseph Gyourko, Volume 23, #2, pp. 17-24, Summer 1993

Affordability of the American Dream: An Examination of the Last 30 Years, Journal of Housing Research,
co-authored with Joseph Gyourko, Volume 4, #1, pp. 39-72, 1993

Interjurisdictional Spillover Effects of Land Use Regulations, in Journal of Housing Research,
co-authored with Man Cho, Volume 4, #1, pp. 131-163, 1993

Homeownership, Urban Studies, co-authored with Isaac Megbolugbe, Volume 30, pp. 659-682,
1993

Analyzing Risk and Returns of Investment In Apartment Complexes, Real Estate Review,
co-authored with Joseph Gyourko, 1992

Housing Affordability: Myth or Reality, Urban Studies,
co-authored with Isaac Megbolugbe, Vol. 29, pp. 369-392, Spring 1992

Housing Price Functions and Ownership Capitalization Rates, Journal of Urban Economics,
co-authored with Richard Voith, Vol. 30, pp. 100-111 1991

Forecasting Housing Investment in Developing Countries: A Comparative Study, Growth and Charge,
co-authored with Chin-Oh Chang, Vol. 21, #1, pp. 59-72, Winter 1990

The Measurement of Governmental Pay Premiums, Journal of Labor and Industrial Relations,
co-authored with Michael Wachter, Vol. 29, #1, pp. 58-76, Winter 1990

Analyzing the Risk of Income-Producing Real Estate: A New Perspective, Urban Studies,
co-authored with Joseph Gyourko, Vol. 27, #4, pp. 497-508, . Summer 1990

Measurement Problems in Quantifying the Distributional Effects of Subsidy Programs, Journal of Urban Economics,
co-authored with Joseph Gyourko, Vol. 28, #1, pp. 19-33, Summer 1990

Rent Controls and Rental Housing Quality: A Note on the Effects of New York City's Old Controls, Journal of Urban Economics,
co-authored with Joseph Gyourko, Vol. 27, #3, pp. 398-409, Spring 1990

Evaluating the Evidence on Union Employment and Wages, Journal of Industrial and Labor Relations,
co-authored with Michael Wachter and William Carter, Vol. 44, #1, pp. 34-53, 1990

The Impacts of Borrowing Constraints on Homeownership, The Journal of the American Real Estate and Urban Economics Association,
co-authored with Susan Wachter, Vol. 17, #4, pp. 389-402. Fall 1989

Understanding Target Management's Role When Facing and Unsolicited Takeover Attempt, The Ethics of Organizational Transformation: Mergers, Takeovers and Corporate Restructuring, Quorum Books (Division of Greenwood Press), edited by W. Michael Hoffman, Robert Frederick and Edward Petry,
co-authored with Elizabeth Callison, pp. 147-156, 1989

An Empirical Analysis of the Equity and Efficiency of Rent Controls, Journal of Urban Economics,
co-authored with Joseph Gyourko, Vol. 26, #1, pp. 54-74, Summer 1989

Real Estate as an Inflation Hedge: A Re-Examination and Update, Journal of Real Estate Finance and Economics,
co-authored with Joseph Gyourko, Vol. 1, #4, pp. 347-372, 1988

An Empirical Evaluation of the Distributional Effects of Rent Controls: The Case of New York City, Journal of Urban Economics, Vol. 22, #1, pp. 14-37,
Winter 1987

A New Look at the Homeownership Decision, Housing Finance Review, Vol. 5, #3, pp. 159-188,
Winter 1986

An Empirical Test of the Efficiency of the Housing Market, Journal of Urban Economics, Vol. 20, #2, pp. 140-154,
Fall 1986

Rising Union Premiums and Declining Boundaries Among Noncompeting Groups,
co-authored with Michael Wachter, American Economic Review, Vol. 76, #2, pp. 103-108, (May 1986).

An Empirical Analysis of the Determinants of Intrajurisdictional Property Tax Inequities,
co-authored with Dong Hoon Chun, Journal of Urban Economics, Vol. 18, #1, pp. 90-102, (July 1985).

An Economic Analysis of the Homeownership Decision, Journal of Urban Economics, Vol. 17, #2, pp. 230-246,
(March 1985).

Would Mortgage Borrowers Benefit From the Provision of APR Schedules,
co-authored with Richard Voith, Housing Finance Review, Vol. 4, #1, pp. 569-576, (January 1985).

Residence and Job Change: A Multinomial Logit Approach, Journal of Urban Economics,
co-authored with Philip E. Graves, Vol. 14, #3, pp. 263-279, (November 1983).

The Economic Impacts of Minimum Wage Laws: A New Look At An Old Question, Journal of Political Economy, Vol. 90, #3, pp. 443-469,
(June 1982).

The Demand For Residence Site Characteristics, Journal of Urban Economics, Vol. 9, #2, pp. 129-148,
(March 1981).

A Case Study of the Impacts of Consumer Safety Standards: The 1973 Mattress Flammability Standard, Journal of Law and Economics, Vol. 23, #2, pp. 461-479,
(October 1980).

An Empirical Methodology for Analyzing the Properties of Public Goods, Economic Inquiry, Vol. 18, #4, pp. 600-616,
(October 1980).

Some Evidence on the Functional Form of the Hedonic Price Function for the Urban Housing Market, Journal of Urban Economics, Vol. 8, #1, pp. 47-68,
(July 1980).

Household Migration: Theoretical and Empirical Results, Journal of Urban Economics,
co-authored with Philip E. Graves, VVol. 6, #3, pp. 383-404, (July 1979).

The Capitalization of Local Taxes: A Note on Specification, Journal of Political Economy, Vol. 86, 33, pp. 535-538,
(June 1978).

An Economic Examination of the English Parliamentary Enclosure Movement, Explorations In Economic History, Ser. 2, Vol. 15, #2, pp. 221-228,
(April 1978).

Hedonic Price Functions and Models of Residential Location, in Amenities and the Residence Site Choice, edited by G.S. Tolley and D.B. Diamond, Academic Press, pp. 69-88.

Employment and Residence Location Change, Chapter 2 of Housing and Migration, edited by R. Krumm, Prentice-Hall,
co-authored with Philip E. Graves.

Short Papers
Economic Outlook - We've Found Bottom! Professional Report SIOR,
1st quarter, Volume, Number 1, Fall 2010

Economic Outlook – the Good, the Bad, and the Ugly,
Professional Report SIOR, 1st quarter, Volume 68, Number 1, pp 6-9 (2009)

Professionalizing an Industry; REITs Impact on Multifamily, Multifamily Executive, pp 74, 88,
(November 2000)

Real Estate Today: New Strategic Moves, Commonfund Quarterly, pp 3-6
(Fall 2000)

Will We Need More Office Space, Urban Land, Volume 56, #5, pp. 11, 69
(May 1997).

A Look Forward to Real Estate Capital Needs, Urban Land,
October 1995, pp. 21.

The World According to Zell, Urban Land,
September 1994, pp.25-29

Understanding Real Estate Markets, (Epilogue), Real Estate Development Manual, 1992-1993 update, edited by Jerome B. Alenick, Warren Gorham Lamont, pp. E7-E10.

How Do We Get Out Of This Mess?, Baring Investment Property Report, Vol. 3, #3, pp. 1-3,
(September 1991).

Real Estate Capital Markets: Healthy Diet or Anorexia?, Baring Investment Property Bulletin, Vol. 2, #5, pp. 5,
(December 1990).

Diversification Potential: Linkages Among Targeted Markets in the Empire State, Baring Investment Property Bulletin, Vol. 2, #3, p.4,
(July/August 1990).

Real Estate and Inflation, Baring Investment Property Report, Vol. 2, #1, pp. 4-5,
(January/February 1990).

Limitations of the FRC Index, Baring Investment Property Bulletin, Vol. 1, #2, pp. 1-4,
(September 1989).

Comments on "Technology and Financial Services: Regulatory Problems in a Deregulated Environment" (by Almarin Philips and Mitchell Berlin), Services in Transition, pp. 73-75.

Comments on "A Note on Information Technology, Demographics, and the Retail Response" (by George Steinleib and James W. Hughes), Services in Transition, pp. 175-177.

Book review of Deregulation and the New Airline Entrepreneurs (by John Meyer and Clinton V. Oster, Jr. et al.), Journal of Economic Literature, Vol. 23, pp. 1820-1822,
(December 1985).

Book review of Government and Sport (edited by Arthur T. Johnson and James H. Frey), Journal of Policy Analysis and Management, Vol. 6, #2, pp. 285-286,
(Winter 1987).



