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Manuscript Prizes
Manuscript Prize Nominations Best Paper Awards Prize Info Order a Plaque

Alan J Ziobrowski Excellence in Doctoral Research Award

Sponsored by:
 
2024 - Dynamics of REIT Returns and Volatility - Analyzing Time-Varying Drivers Through an Explainable Machine Learning Approach

Hendrik Jenett - - University of Regensburg

Past Award Winners
 

Apartments Award

Sponsored by:
 
2024 - Rent Control, Rent Overcharge, and Racial Disparity: Evidence from New York City

Brent Ambrose - Pennsylvania State University
Xun Bian - University of North Texas
Ruoyu Chen - University of Windsor
Hanchen Jiang - Univeristy of North Texas

Past Award Winners
2023 - Priced-out: Rent Control and Wage Inequality

Geraldo Cerqueiro - Catolica-Lisbon SBE
Isaac Hacamo - Indiana University
Pedro Raposo - Catolica-Lisbon SBE

2022 - Does Retrofitting Pay Off? An Analysis of German Multifamily Building Data

Alexander Groh - University of Regensburg
Hunter Kuhlwein - University of Regensburg
Sven Bienert - University of Regensburg

2021 - Who Benefits from Rent Control? SocioEconomic Determinants of the Rent Subsidy

Herman Donner - Stanford University
Fredrik Kopsch - Lund University

2019 - The Effect of Parcel Size on Land Value & Market Contestability for High-Rise Multi-family Residential Developments

Joseph T. L. Ooi
Dung D. Q. Dang.

2018 - No Award 2017 - Anticipating Apartment Occupancy Rates from Real Estate Cycle Data

Richard D. Evans - University of Memphis Glenn R. Mueller - University of Denver Andrew G. Mueller - University of Denver Shawn E. Massey

2016 - Micro-Housing as Urban Development Model in a Shared Economy

Bing Wang - Harvard University

2015 - Restricting Private Property Rights & House Prices: Evidence from a Natural Experiment

Joseph Ooi - National University of Singapore
Geoffrey K. Turnbull - University of Central Florida

2014 - Early Termination of Small Loans in the Multifamily Mortgage Market

Brent C. Smith - Virginia Commonwealth University
Anthony Pennington-Cross - Marquette University

2013 - The Value Behind the Value-Add: Multifamily Rent Growth After Renovation

Luis Mejia - CoStar Group
Kyle Potter - CoStar Group

2012 - Apartment Distress and Prices Discounts: A Multi-City Cross Sectional Analysis

Steven Saules - University of Denver
Paul Books - Palisade Partners
Ronald L. Throupe - University of Denver
Chen Huo - University of Denver

2011 - The Relationship Between Internet Searches and REIT Returns

Alan Ziobrowski
Prashant Das
Alan Owen Tidwell

2010 - No Award 2009 - What Drives Value Property Premium? 2007 - Rental Housing and the Natural Vacancy Rate

Daniel Hagen - Western Washington University
Julia Hansen - Western Washington University

2006 - No Award 2005 - Effects of MAX Light Rail on Real Estate Apartment Values in Portland, Oregon

Charles C. Carter - Marylhurst University
Paul Aragon - Marylhurst University

2004 - Proximity to God: Does It Affect Your House Value?

Joseph T. L. Ooi - National University of Singapore

2003 - Private Investor Holding Period

Tom G. Geurts
Roger J. Brown

2002 - Estimating the Value of Apartment Buildings

James Frew - Willamette University
G. Donald Jud - University of North Carolina Greensboro

 

Best Practitioner Research Award

Sponsored by:
 
2024 - Michigan State Land Bank Authority Holdings, Historical Redlining, and Social Equity

Spenser Robinson - Central Michigan University
Brian Woodin - Michigan State Land Bank Authority Holdings

Past Award Winners
2023 - Pricing the Upside Potential to Downside Risk

Soon Hyeok Choi - Cornell University
Robert Jarrow - Cornell University
Daniel Lebret - Cornell University
Crocker Liu - Cornell University

2022 - Cherry-Picking Industrial Properties in Opportunity Zones

Jonathan A. Wiley - Georgia State University
Hana Nguyen - Georgia State University

 

Corporate Real Estate Award

Sponsored by:
 
2024 - Agency Cost of Choosing Green

Mariya Letdin - Florida State University
Cayman Seagraves - University of Tulsa
Chongyu Wang - Florida State University
Tingyu Zhou - Florida State University

Past Award Winners
2023 - Firm Leverage, Contract Rental Rates, and the Change in Lease Accounting

Julia Freybote - Portland State University
Peng Liu - Cornell University

2022 - Real Estate Firm Governance and Litigation Risk

A. M. Parhizgari - Florida International University

2021 - A Flexible Office Business Case: The Investors, Operators and Users Perspective on the COWORKSTATT

Annette Kampf-Dern - RE Entrepreneurial Research

2019 - The Effect of Firm Characteristics on the Prime Office Accommodation Decision

Kimberly Winson Geideman
Mariko Kimura
Christopher Heywoods

 

CoStar Data Award

Sponsored by:
 
2024 - Commercial Real Estate Brokers: The artifact of Locational Advantage Across Markets

Brent Smith - Virginia Commonwealth University
Walter D'Lima - Florida International University

Past Award Winners
2023 - Speculation or Spillovers in Local Economic Development Policies: Policy Distortions in the Land of OZ

Brent Smith - Virginia Commonwealth University

2022 - Linking Health and Well-being to Financial Performance in Commercial Real Estate

Katharina Minkow - University of Cambridge
Franz Fuerst - University of Cambridge

2021 - Rent Control and ValueAdd Multifamily Investors

Julia Freybote - Portland State University
Gerard Mildner - Portland State University

2019 - The Impact of Sale and Leaseback on Commercial Real Estate Prices and Initial Yields in the UK

Danielle C. Sanderson
Farazia Shakurina
Jolene Lim

2018 - The Impact of School Quality Vectors on Multifamily Housing

Spenser J. Robinson - Central Michigan University
Jeremy Gabe - University of Auckland
Andrew Sanderford - University of Arizona
Emily M. O’Halloran - Central Michigan University

2017 - Walmart and Urban Land Prices: Friend or Foe?

Barrett Slade - Brigham Young University

2016 - What’s Really Happening With Apartment Rents

Andrew Florance - CoStar
Jay Spivey - CoStar
John Affleck - CoStar
Robert Jennings - CoStar

2015 - Green Buildings: Similar to Other Premium Buildings?

Spenser Robinson - Central Michigan University
Andrew Sanderford - University of Arizona

2014 - Sentiment-Based Commercial Real Estate Forecasting with Google Search Volume Data

Marian Alexander Dietzel - University of Regensburg
Nicole Braun - University of Regensburg

2013 - A New Paradigm—CoStar and the Matching Method

Spenser J. Robinson - Central Michigan University

2012 - List Price Information in the Negotiation of Commercial Real Estate, Transactions: Is Silence Golden?

Dean H. Gatzlaff - Florida State University
Peng Liu - Cornell University, Center for Real Estate and Finance

2011 - An Investigation Into Appraisal Bias: The Role of Decision Support Tools in Debiasing Valuation Judgments.

Alan Tidwell
Paul Gallimore

2010 - Heterogeneous Investors, Negotiation Strength and Asset Prices in Private Markets: Evidence from Commercial Real Estate

David C. Ling
Milena Petrova

2009 - Is there a link between transaction frequency and property characteristics? – The case of Chicago office market

Sofia V. Dermisi - Roosevelt University
John F. McDonald - Roosevelt University

2007 - Buyer and Seller Motivations, Bargaining Power, and Transaction Prices in Commercial Real Estate Markets: Evidence from the Section 1031 Exchange Market

David Ling - University of Florida
Milena Petrova - Syracuse University

2006 - A Geospatial Approach to Modeling Shopping Center Locational Efficiency in the San Francisco Bay Area

Richard B. Gold - Grosvenor Americas
James Stone - geoVue, Inc

 

Housing Award

Sponsored by:
 
2024 - Immigrants and Native Flight: Geographic Extent and Heterogeneous Preferences

Bence Boje-Kovacs - Aalobrg University
Ismir Mulalic - Copenhaen Business School
Albert Saiz - MIT Center for Real Estate
Vinicios Sant'Anna - MIT Center for Real Estate
Marie Louise Schultz-Nielsen - Rockwool Foundation Research

Past Award Winners
2023 - Working Experience, Financial Literacy, and Mortgage Stress

Mingzhi Hu - Zhejiang University of Technology
Zhenguo Lin - Florida International University
Yingchun Liu - University of North Texas

2022 - The Local Effects of Relaxing Land-Use Regulation on Housing Supply and Rents

Simon Buechler - MIT
Elena Lutz - ETH Zürich

2021 - Sentiment Analysis within a Deep Learning Probabilistic Framework: New Evidence from Residential Real Estate in the United States

Cathrine Nagl - University of Regensburg

2019 - Flood Risk and the U.S. Housing Market

Howard Kunreuther
Susan Wachter
Carolyn Kousky
Michael LaCour-Little

2018 - Price and Trading Volume in the Housing Market

Ping Cheng - Florida Atlantic University
Zhenguo (Len) Lin - Florida International University
Yingchun Liu - University of North Texas

2017 - The Impact of Sharpe Ratio in Homeownership: A Millennial Issue

Sergio Garate - Penn State University

2016 - Statutory Right of Redemption and its Influence on Mortgage Outcomes

Shuang Zhu - Kansas State University
R. Kelley Pace - Louisiana State University

2015 - Sentiment-Based Predictions of Housing Market Turning Points with Google Trends

Marian Dietzel - University of Regensburg

2014 - Boom, Bust, and Recovery: The Role of Land Use Regulation and Urban Form

Hongwei Dong - California State University, Fresno
J. Andrew Hansz - California State University, Fresno

2013 - Are Real House Prices Stationary? Evidence from New Panel and Univariate Data

Jing Zhang - Ohio State University
Robert De Jong - Ohio State University
Donald R. Haurin - Ohio State University

2012 - Buyer Sentiment and Residential Home Prices: Evidence from Online Search Activity

Eli Beracha - East Carolina University
Babajide Wintoki - University of Kansas

2011 - The Influence of Foreclosure Delays on Borrower's Default Behavior

Shuang Zhu
R. Kelley Pace

2010 - New Supply and Price Adjustments in the Housing Market

Joseph T.L. Ooi
Thao T.T. Le

2009 - Naming Strategies of Residential Developments: Is there a Winning Formula?

Muhammad Faishal Ibrahim - National University of Singapore
Fu Weiming Leonard - Inland Revenue Authority of Singapore

2007 - Rational Hot Markets: Price and Volume in the Housing Market

Jim Clayton - Pension Real Estate Association
Greg MacKinnon - Saint Mary’s University

2006 - Charm Pricing as a Signal of Listing Price Precision

Marcus T. Allen - Florida Atlantic University
William H. Dare - Oklahoma State University

 

Innovative Thinking Award

Sponsored by:
 
2024 - Selling Houses as Minority Broker: Quantifying Diversity Discount

Soon Hyeok Choi - Rochester Institute of Technology

Past Award Winners
2023 - Real Estate Security Token Offerings and the Secondary Market: Driven by Crypto Hype or Fundamentals?

Julia Kreppmeier - University of Regensburg
Ralf Laschinger - University of Regensburg
Bretram Steininger - KTH Royal Institute of technology, Sweden
Gregor Dorfleitner - University of Regensburg

2022 - Does Owning a Home Make Us More Generous?

Xun Bian - University of North Texas
Feifei Zhu - Radford University

2021 - DisAggregated Urban Location and Commercial Real Estate Values

Jeremy Gabe - University of San Diego
Andy Krause - Zillow
Spenser Robinson - Central Michigan University
Andrew Sanderford - University of Virginia

2019 - Toxic Assets: How the Housing Market Responds to Environmental Information Shocks

Jeremy G. Moulton
Nicholas J. Sanders
Scott A. Wentland

2018 - Discretionary-Based Textual Analysis in German Real Estate Markets

Jessica Roxanne Ruscheinsky - IREBS University of Regensburg
Katrin Kandlbinder - IREBS University of Regensburg
Wolfgang Schaefers - IREBS University of Regensburg

2017 - Quality of Life and Earnings Management: Do Firms at Less Desirable Locations Manipulate Earnings More Aggressively?

Desmond Tsang - McGill University
Jing Zhang - University of Alabama

2016 - High Frequency House Price Indexes with Scarce Data

Steven C. Bourassa - Florida Atlantic University
Martin Hoesli - University of Geneva

2015 - Asset Pricing, Spatial Linkages and Contagion in Real Estate Stocks

Stanimira Milcheva - University of Reading
Bing Zhu - University of Regensburg

2014 - “Not in My Backyard”: The Effect of Substance Abuse Treatment Centers on Property Values

Claire La Roche - Longwood University
Bennie D. Waller - Longwood University
Scott Wentland - Longwood University

2013 - Neighborhood Tipping and Sorting Dynamics in Real Estate: Evidence from the Virginia Sex Offender Registry

Scott Wentland - Longwood University
Xun Bian - Longwood University
Raymond Brastow - Longwood University

2012 - Genetics, Homeownership, and Home Location Choice

Stephan Siegel - University of Washington
Henrik Cronqvist - Claremont McKenna College
Florian Münkel - University of Washington – Foster School of Business.

2011 - Flips, Flops and Foreclosures: Anatomy of a Real Estate Bubble

Craig A. Depken II
Harris Hollans
Steve Swidler

2010 - Determining the Most Economically Vibrant Metropolitan Statistical Areas: Creating a Residency Preference Ranking Model

Randall S. Guttery

2009 - The Transitory and Legacy Effects of the Rental Externality on House Price and Liquidity

Geoffrey K. Turnbull - Georgia State University
Velma Zahirovic-Herbert - University of Georgia

2007 - Beyond Index-Based Hedging: Can Real Estate Trigger a New Breed of Derivatives Market?

Patrick Lecomte - University of Cincinnati

2006 - Beyond Value Measurement to Value Creation

Stephen Roulac - Roulac Global Places, University of Ulster Alastair Adair - the University of Ulster
Suzanne Allen - the University of Ulster
Jim Berry - the University of Ulster
Stanley McGreal - the University of Ulster

2005 - A Spatial Analysis of Commercial Real Estate Transaction Prices

Mark S. Coleman - Chatham Research Alliance
Asieh Mansour - RREEF

2004 - Price Discovery in Real Estate Auctions: The Story of Unsuccessful Attempts

Seow Eng Ong - National University of Singapore

2003 - Risk and Private Real Estate Investments

Roger J. Brown

2002 - Regional Models for Portfolio Diversification

Theron R. Nelson - University of North Dakota
Susan Logan Nelson - University of North Dakota

 

Marc Louargand Best Research Paper by a Practicing Professional Award

Sponsored by:
 
2024 - Measuring Price Effects from Disasters Using Public Data: A Case Study of Hurricane Ian

Justin C. Contat - Federal Housing Finance Agency
William M. Doerner - Federal Housing Finance Agency
Robert N. Renner - Federal Housing Finance Agency
Malcolm J. Rogers - Federal Housing Finance Agency

Past Award Winners
2023 - No Award 2022 - Efficiency of 1031 Exchange for Personal Financial Portfolios

Spenser Robinson - Central Michigan University
Clifford A. Lipscomb - Inveniam Capital Partners; High Speed Alliance

2021 - Performance of Non-Core Real Estate Private Equity Funds: A Global Perspective of Hotel and Hospitality Investment

Ting Li - Colliers International
Kimberly WinsonGeideman - University of Melbourne

2019 - A New Home Affordability Estimate: What Share of Housing Stock Can Families Afford to Purchase and at What Price?

Chi-Cheol Chung
William M. Doerner

2018 - Credit Risk of Low Income Mortgages

Hamilton Fout - Fannie Mae
Grace Li - SunTrust Bank
Mark Palim - Fannie Mae
Ying Pan - Fannie Mae

2017 - How Much Do U.S. Households Know About Qualifying for a Mortgage?

Michael LaCour-Little - Fannie Mae

2016 - Grocery-Anchored Retail Centers: Are Investors Checking Off the Items on Their List?

Will McIntosh - USAA Real Estate Company
Mark Fitzgerald - USAA Real Estate Company
John Kirk - USAA Real Estate Company

2015 - Optimal Deal Flow Management for Direct Real Estate Investments

Richard Gold - Northfield Information Services
Emilian Belev - Northfield Information Services

2014 - Impacts of Wind Turbine Proximity on Property Values in Massachusetts

Ben Hoen - Lawrence Berkeley National Laboratory
Carol Atkinson-Palombo - University of Connecticut.

2013 - Who Buys For Cash, And Where

Grant Ian Thrall - Business Geography Advisors

2012 - A Closer Look at Co-Movements in Global Real Estate Cycles

Luciana Suran - CBRE Econometric Advisors

2011 - Spatial Hedonic Price Index of Commercial Real Estate

Andrew C. Florance
Ruijue Peng
Ozlem Yanmaz Tuzel
Fred Wu

2010 - An Introduction to CoStar Repeat-Sale Price Indices

Ruijue Peng
Andrew C. Florance
Mingjun Huang
Norm Miller
Karl E. Case

2009 - Mimicking Sales Comparison Pricing Models: An Approach to Mass Appraisal Modeling with Validation by Prediction Error Summary Statistics

Andy Krause - Greenfield Advisors
Max Kummerow - Greenfield Advisors

2007 - Spillover Effects of Foreclosures on Neighborhood Property Values

Len Lin - Fannie Mae Foundation
Eric Rosenblatt - Fannie Mae Foundation
Vincent Yao - Fannie Mae Foundation

2006 - How to Measure Access and Its Impact on Value

M. Gordon Brown - Space Analytics, Eindhoven University of Technology

2005 - Spatially Inefficient Pricing in Overheated Capital Markets: Tracking Real Estate Investor Behavior Across US Markets

David P. Lindahl - University of Washington

2004 - The Impact of Shifting Container Cargo Flows on Regional Demand for US Warehouse Space

Michael McGowan - RREEF

2003 - When and Why Real Estate Could be a Surrogate for Bonds: A Dynamic Asset Allocation View

Ronald W. Kaiser

2002 - The Taxonomy of Real Estate Cycles: A Framework and Body of Knowledge for

Stephen A. Pyhrr - Kennedy Wilson
Waldo Born - Eastern Illinois University
Christopher A. Manning - Loyola Marymount University
Stephen Roulac - The Roulac Group

 

Real Estate Brokerage/Agency Award

Sponsored by:
 
2024 - Information Sharing across MLS Platforms and Housing Prices: Evidence from a Temporary Suspension of an Agreement

Ping Cheng - Florida Atlantic University
Walter D'Lima - Florida International University
Zhenguo Lin - Florida International University
Liuming Yang - The Chinese University of Hong Kong

Past Award Winners
2023 - Gender, Stress, and Job Performance: Agents in the Resale Housing Market

Natalya Bikmetova - University of Central Florida
Geoffrey Turnbull - University of Central Florida
Velma Zahirovic-Herbert - University of Memphis

2022 - “Connect” Me! Social Networking in Commercial Real Estate Brokerage

Eren Cifci - Austin Peay State University
Alan Tidwell - University of Alabama

2021 - Housing Search and Rental Market Intermediation

Desen Lin - University of Pennsylvania

2019 - Sample Selection Approaches to Estimating and Allocating the Gender Gap in Commercial Real Estate Transaction Price/Volume

Alan Tidwell
Eren Cifci
Sandra Mortal
Vishal Gupta

2018 - Properties that Transact At or Above Listing Price

Geoffrey K. Turnbull - University of Central Florida
Bennie D. Waller - Longwood University
Velma Zahirovic-Herbert - The University of Georgia

2017 - Bargaining, Financing and Asset Prices: The Case of Real Estate

Zhenguo Lin - Florida International University
Xun Bian - Longwood University
Yingchun Liu - University of North Texas

2016 - Licensure, Agency Costs, and Performance in the Real Estate Market: Evidence from Agent-owned Properties

Geoffrey K. Turnbull - University of Central Florida
Bennie D. Waller - Longwood University
Scott A. Wentland - Bureau of Economic Analysis

2015 - Bargaining, Mortgage Financing and Housing Prices

Zhenguo Lin - Florida International University
Yingchun Liu - University of North Texas
Xun Bian - Longwood University

2014 - Termination of Listing Contracts: A Competing Risk Survival Analysis

Xun Bian - Longwood University
Chao Yue Tian - University of North Carolina at Chapel Hill
Bennie D. Waller - Longwood University

2013 - The Benefit of Search in Real Estate Market

Ping Cheng - Florida Atlantic University
Zhenguo (Len) Lin - California State University, Fullerton
Yingchun Liu - Laval University
Michael J. Seiler - The College of William & Mary

2012 - Dual Agency Distortions in Real Estate Transactions

Jia Xie - Indiana University

2011 - The Role of Transaction Costs in Impeding Market Exchange in Real Estate

Bennie D. Waller
Scott Wentland

2010 - Agency Costs, Incentives and Productivity of Broker-Owners

Peter Chinloy
Daniel T. Winkler

2009 - The Probability of Dual Agency

Bennie D. Waller - Longwood University
Raymond T. Brastow - Longwood University

2007 - Principal-Agent Conflict and Broker Effort Near Listing Contract Expiration: The Case of Residential Properties

Terrence Clauretie - University of Nevada
Nasser Daneshvary - University of Nevada

2006 - Spatial Heterogeneity in Residential Models of Selling Probability and Listing Duration: Identifying Submarkets of Listing Performance

Brent C. Smith - Virginia Commonwealth University

2005 - Listing Specialization and Residential Real Estate Licensee Income

Ken Johnson - Auburn University Montgomery
Leonard V. Zumpano - University of Alabama
Randy I. Anderson - CNL Investment Company

2004 - Technology and Real Estate Brokerage Firm Financial Performance

John D. Benjamin - American University
G. Donald Judd - University of North Carolina at Greensboro
Daniel T. Winkler - University of North Carolina at Greensboro

2003 - Salesperson Bonuses and Their impact on Residential Property Price and Duration

Ken H. Johnson
Randy I. Anderson
Justin D. Benefield

2002 - Realtor Designations as an Indicant of Cognitive Moral Development and Success in Real Estate Sales

George Izzo - University of Evansville
Barry E. Langford - Florida Gulf Coast University

 

Real Estate Cycles Award

Sponsored by:
 
2024 - Economic Freedom and the Volatility in the Real Estate Markets

Eren Cifci - Austin Peay State University
Jennis Biser - Austin Peay State University
Andres Jauregui - California State University, Fullerton

Past Award Winners
2023 - Trade vs. Daily Press: The Role of News Coverage and Sentiment in Real Estate Market Analysis

Franziska Ploessl - University of Regensburg
Nino Martin Paulus - University of Regensburg
Tobias Just - University of Regensburg

2022 - Investable Real Estate Allocations in a Mixed Asset Portfolio during Different Cycles

Glenn Mueller - University of Denver
Andrew Mueller - University of Denver

2021 - House Price Contagion and U.S. City Migration Networks

Gregor Schubert - Harvard University

2019 - Valuing Housing Services in the Era of Big Data: A User Cost Approach Leveraging Zillow Microdata

Marina Gindelsky
Jeremy G. Moulton
Scott A. Wentland

2018 - Liquidity Imbalance in Residential Housing in Rising and Declining Markets

Ekaterina Chernobai - California State Polytechnic University Pomona
Tarique Hossain - California State Polytechnic University Pomona

2017 - Oil Prices and Urban Housing Demand

William Larson - Federal Housing Finance Agency
Weihua Zhao - University of Louisville

2016 - Is the 2007-09 Housing Crisis a ‘Correction’ to the Market?

Zhenguo Lin - Florida International University
Laura Yue Liu - California State University at Fullerton
Jing Yang - California State University at Fullerton

2015 - How Low Can House Prices Go? Estimating a Conservative Lower Bound

Alexander Bogin - Federal Housing Finance Agency
Stephen D. Bruestle - Penn State Erie
William Doerner - Federal Housing Finance Agency

2014 - Expectation Formation of the Housing Market: A Learning Model and Evidence from Household Survey Data

Huong Nguyen - Brandeis University

2013 - Is There a Market Cycle in Market Cycles Research?

Stephen E. Roulac - Roulac Global LLC and University of Ulster
Stephen A. Pyhrr - Kennedy Wilson
Annette Kaempf-Dern - Technische Universität Darmstadt
Andreas Pfnür - Technische Universität Darmstadt

2012 - Global Housing Cycles

Deniz Igan - International Monetary Fund Research

2011 - List Price and Sales Prices of Residential Properties During Booms and Busts

Don Haurin
Stanley McGreal
Alastair Adair
Louise Brown
James R. Webb

2010 - What Determined the Great Cap Rate Compression of 2000-2007, and the Dramatic Reversal during the 2008- 2009 Financial Crisis

Serguei Chervachidze
William Wheaton

2009 - The US Mortgage Finance Bubble

Patric Hendershott - University of Aberdeen
Robert Hendershott - University of Aberdeen
James Shilling - University of Aberdeen

 

Real Estate Education Award

Sponsored by:
 
2024 - Revolutionizing Real Estate Education: Integrating AI and LLMs into Undergraduate Curriculum

Cayman Seagraves - University of Tulsa
Philip Seagraves - Middle Tennessee State University

Past Award Winners
2023 - A Brief History of the Mortgage Contract

Mike Highfield - Mississippi College

2022 - TVM, NPV, and IRR, Oh My! Creating an Inclusive Environment for Teaching the Elusive Real Estate Investment Tricks of the Trade

Karen McGrath - Bucknell University
Elaine Worzala - Clemson University

2021 - Intercultural Education as an Empowerment Tool for Reducing the Risk of Construction Executives Churn for Middle East Megaprojects

Alan Walsh - University of Salford

2019 - The Influence of Changes in the Workplace on Graduate Real Estate Education

Jesse Saginor
Margot Weinstein
Elaine Worzala

2018 - Infusing Cultural Differences into Complex Real Estate Student Projects: An Exploratory Learning Experience

Kelly A Jameson - St. Cloud State University Lalita Subrahmanyan - St. Cloud State University

2017 - No Award 2016 - Teaching Sustainability in Graduate Real Estate Education

Annette Kampf-Dern - HafenCity University Hamburg
Katja Roether - HafenCity University Hamburg

2015 - A Primer on Real Estate Data Cleaning Techniques: Lessons from the Trenches

Andy Krause - University of Melbourne
Clifford Lipscomb - Greenfield Advisors

2014 - The Impact of the Great Recession on Real Estate Education

Jesse Saginor - Florida Atlantic University
Margot B. Weinstein - MW Leadership Consultants LLC
Elaine M. Worzala - College of Charleston

2013 - Real Estate Perspectives as Major Cluster Attributes for the Analysis of the Last Decades’ Real Estate Research

Annette Kaempf-Dern - Technische Universität Darmstadt
Andreas Pfnür - Technische Universität Darmstadt
Stephen E. Roulac - Roulac Global LLC and University of Ulster

2012 - Reading Lists for PhD Seminars in Real Estate

Kimberly Winson-Geideman - University of North Texas
Nicholas Evangelopoulos - University of North Texas

2011 - Analyzing Market and Property Data: CoStar Techniques for the Classroom

Tom G. Geurts
Jim Black

2010 - Should We Care About Finance Faculty Opinion of Real Estate Journal Quality?

Chris Manning
David M. Harrison

2009 - Interactive Case Study Sessions Using Technologically Enhanced Learning & Teaching Environment: Use of Electronic Voting System, ULearn (WebCT Vista), & Tablet PCs

Osama S M Khan

2007 - Inside Value Creation and Destruction: Opportunism and Risk Management in Development Deal Making Strategies

Alastair Adair - the University of Ulster
Stanley McGreal - the University of Ulster
Stephen Roulac - Roulac Global Places LLC, the University of Ulster

2006 - How CEO’s of Real Estate Companies Like to Learn

Chris Manning - Loyola Marymount University
Margot Weinstein - Kinston Group
Kala Seal - Loyola Marymount University

2005 - Research and Real Estate Editorial Board Membership

William G. Hardin III - Mississippi State University
Charles F. Beauchamp - Mississippi State University
Kartono Liano - Mississippi State University
Matthew Hill - Mississippi State University

2004 - Integrating Business Curricular Resources into Real Estate Practitioner Professional Development: Creation of a Mini-MBA® in Real Estate

Thomas Musil - University of St. Thomas

2003 - A Study Into the Important Elements of a Masters Degree in Real Estate

Louis Galuppo
Elaine Worza

2002 - An Asynchronous Augmentation to Traditional Course Delivery

Marvin L. Wolverton - University of Nevada-Las Vegas
Mimi Wolverton - University of Nevada-Las Vegas

 

Real Estate Finance Award

Sponsored by:
 
2024 - The Value of Intermediaries for GSE Loans

Joshua Bosshardt - Federal Housing Finance Agency
Ali Kakhbod - University of California, Berkeley
Amir Kermani - University of California, Berkeley and NBER

Past Award Winners
2023 - Housing Leverage, Home Value, and Retirement

Xun Bian - University of North Texas
Zhenguo Lin - Florida International University
Feifei Zhu - Fannie Mae

2022 - Appraisal Inflation and Private Mortgage Securitization

Moussa Diop - University of Southern California
Abdullah Yavas - University of Wisconsin Madison
Shuang Zhu - Kansas State University

2021 - Misreporting of Second Liens in Portfolio Mortgages and Privately Securitized Mortgages

Abdullah Yavas - University of Wisconsin, Madison
Shuang Zhu - Kansas State University

2019 - Credit Risk and Housing Consumption Under Information Asymmetry

Xun Bian
Justin Contat

2018 - Does Broker Race Affect Mortgage Prices? Evidence from the Subprime Mortgage Market

Brent W. Ambrose - The Pennsylvania State University
James N. Conklin - University of Georgia
Luis A. Lopez - The Pennsylvania State University

2017 - Are REIT Investors Overly Optimistic after Equity Offerings?; Evidence from Analyst Forecast Errors

Elizabeth Devos - Eastern Michigan University
Erik Devos - University of Texas at El Paso
Seow Eng Ong - National University of Singapore
Andrew Spieler - Hofstra University

2016 - Mortgage Loss Given Default: Loss on Sale and Lost Time

Ben Le - Edgewood College
Anthony Pennington-Cross - Marquette University

2015 - The Effect of FHA Loan Assumptions on California’s Residential Housing Market?

Michael LaCour-Little - California State University-Fullerton
Zhenguo Lin - Florida Internat

2014 - Are REIT IPOs More Transparent Than Non-REIT IPOs?

Michael J. Highfield - Mississippi State University
Dennis F. Steele, Jr. - Southern Adventist University
Bonnie F. Van Ness - University of Mississippi.

2013 - Entrenchment, Governance, and Conference Calls: Evidence from REITs

S. McKay Price - Lehigh University
Jesus M. Salas - Lehigh University
C.F. Sirmans - Florida State University

2012 - Credit Expansion and Residential Mortgage Institutions

Liu Bo - National University of Singapore
Tien-Foo Sing - National University of Singapore, Department of Real Estate
James D. Shilling - DePaul University

2011 - The Role of Home Equity Lending in the Recent Mortgage Crisis

Michael LaCour-Little
Wei Yu
Libo Sun

2010 - Taking the Lie Out of Liar Loans: The Effect of Reduced Documentation on the Performance and Pricing of Alt-A and Subprime Mortgages

Michael LaCour-Little
Jing Yang

2009 - Can Bank Lines of Credit Protect REITs Against a Credit Crisis?

Joseph Ooi - National University of Singapore
Seow-Eng Ong - National University of Singapore
Woei-Chyuan Wong - National University of Singapore

2007 - Can Bank Lines of Credit Protect REITs Against a Credit Crisis?

Terry Grissom - Georgia State University
Changha Jin - Georgia State University

2006 - Designing Property Futures Contracts and Options Based on NCREIF Property Indices

Patrick Lecomte - University of Cincinnati
Will McIntosh - University of Cincinnati

2005 - Measuring Loan-Level Option Cost for Sub-Prime and Alternative - A Fixed Rate Mortgages

Mark A. Beardsell - CitiGroup
Wei Liu - CitiGroup

2004 - Reforming Housing Finance - Perspectives from Denmark

Mikkel Svenstrup - ScanRate Financial Systems
Søren Nielsen - Aarhus School of Business

2003 - An Approach to Duration and Convexity of Mortgages in the Context of Real Estate Investment Analysis

Francis R. Handforth

2002 - Exchange-Rate Risk Mitigation with Price-Level-Adjusting Mortgages: The Case of the Mexican UDI

Joseph B. Lipscomb - Texas Christian University
John Harvey - Texas Christian University
Harold Hunt - Texas A&M University

 

Real Estate Investment Award

Sponsored by:
 
2024 - From Vacancy to Verdancy? The Impact of Land Options on the Timing of Vacant Lot Investment

Desen Lin - California State University, Fullerton

Past Award Winners
2023 - The Role of Multi-Family Properties in Hedging Pension Liability Risk: Long-Run Evidence

Martin Hoesli - University of Geneva
Louis Johner - University of Geneva
Jon Lekander - KTH Royal Institute of Technology, Sweden

2022 - To Change or Not to Change: The Informativeness of REIT Annual Reports

George Cashman - Marquette University
David Harrison - University of Central Florida
Hainan Shang - University of Missouri – St Louis
Joseph Wall - Marquette University

2021 - The Return from Land and Buildings: The Case of REIT Properties

Zifeng Feng - University of Texas at El Paso

2019 - Geographic Diversification in Real Estate Investment Trusts

Zhilan Feng; Maneechit Pattanapanchai; S. McKay Price; C. F. Sirmans

2018 - The Impact of Intrafirm Distance on Stock Market Liquidity

George D. Cashman - Marquette University
David M. Harrison - University of Central Florida
Michael J. Seiler - The College of William & Mary
Hainan Sheng - University of Northern Iowa

2017 - Smart Beta and Real Estate Investments: Performance and Risk

G. Stacy Sirmans - Florida State University
Corbitt Stace Sirmans - University of Arkansas
Mariya Letdin - Florida State University

2016 - Cure Rates on Defaulted Junior Lien Mortgage Debt

Michael LaCour-Little - California State University, Fullerton
Kimberly F. Luchtenberg - East Carolina University
Michael J. Seiler - The College of William and Mary

2015 - The 4% Rule: Does Real Estate Make a Difference?

David Downs - Virginia Commonwealth University
Greg MacKinnon - Pension Real Estate Association
Eli Beracha - Florida International University

2014 - Real Assets, Corporate Investment and Financing Choice

Xiaoying Deng - National University of Singapore
Seow Eng Ong - National University of Singapore
Meijun Qian - National University of Singapore

2013 - Price Jump Risk on the US Housing Market

Jian Yang - University of Colorado Denver and Jiangxi University of Finance and Economics
Robert I. Webb - University of Virginia
Jin Zhang - Southwestern University of Finance and Economics

2012 - Related Party Transactions, Wealth Expropriation and Firm Valuation: Evidence from REIT

Joseph T. L. Ooi - National University of Singapore
W.C. Wong - National University of Singapore
Seow Eng Ong - National University of Singapore
David H. Downs - Virginia Commonwealth University

 

Real Estate Investment Trusts Award

Sponsored by:
 
2024 - REIT Option Volume, Retail Investors, and Return Probability

George Cashman - Marquette University
David Harrison - University of Central Florida
Benjamin Scheick - Villanova University
Hainan Sheng - Virginia Tech University

Past Award Winners
2023 - Social Media and Real Estate: Do Twitter Users Predict REIT Performance?

Nino Paulus - University of Regensburg
Lukas Lautenschlaeger - University of Regensburg
Wolfgang Schaefers - University of Regensburg

2022 - Face-to-face Interactions, Tenant Resilience, and Commercial Real Estate Performance

Chongyu Wang - University of Hong Kong
Tingyu Zhou - Florida State University

2021 - Spread Too Thin: REIT Asset Dispersion and Divergence of Opinion

Mariya Letdin - Florida State University
Stace Sirmans - Auburn University
Stacy Sirmans - Florida State University

2019 - The Cost of Financial Flexibility: Information Opacity, Agency Conflicts and REIT At-the-Market (ATM) Equity Offerings

George D. Cashman
David M. Harrison
Shelly Howton
Benjamin Scheick

2018 - Are Overpaid Acquisitions Bad Deals? Evidence from REITs

Joseph T. L. Ooi - National University of Singapore
Fan Zhang - National University of Singapore

2017 - Investors’ Limited Attention: Evidence from REITs

David M. Harrison - University of Central Florida
Mahsa Khoshnoud - University of Central Florida
Honghui Chen - University of Central Florida

2016 - Decomposition of Debt and the Road to REIT Returns

Linda Allen - Baruch College
Mariya Letdin - Florida State University

2015 - Financial Flexibility and REITs Security Issuance Decision

Woei Chyuan Wong - Universiti Utara Malaysia
Joseph Ooi - National University of Singapore

2014 - The Effects of Unrecognized Capital Gains and Unrecaptured Depreciation on Firm Value: An Application to the Valuation of REITs

Dan W. French - University of Missouri
S. McKay Price - Lehigh University

2013 - CEO Bonus: Alternative Performance Versus Gamesmanship

Desmond Tsang - McGill University
Crocker Liu - Cornell University

2012 - The Relative Value of Public Non-Listed REITS: An Evaluation of Equity Return Sustainability, Liquidity, and Organizational Issues

Paul J. Seguin

2011 - Long Memory in REITs Volatility and Changes in the Unconditional Mean: A Modified FIGARCH Approach

Ivelina Pavlova
Jang Hyung Chob
A. M. Parhizgaric

2010 - Liquidity Accounting Transparency, and the Cost of Capital: Evidence from Real Estate Investment Trusts

Bartley R. Danielsen
David M. Harrison
Robert A. Van Ness
Richard S. Warr

2009 - Can Secondary Market Investors Profit From REIT IPOs?

Michael J. Highfield - Mississippi State University
Kenneth D. Roskelley - Mississippi State University
Dennis F. Steele, Jr. - Southern Adventist University

2007 - Management of Funds from Operations to Meet Benchmarks

Hong Zhu - Loyola College in Maryland

2006 - Investment, Liquidity and Private Debt: The Case of REIT Credit Facilities

Robert D. Campbell - Hofstra University
Erik Devos - Ohio University
Andrew C. Spieler - Hofstra University

2005 - Extrapolation Theory and the Pricing of REIT Stocks

Joseph T. L. Ooi - National University of Singapore
James R. Webb - Cleveland State University
Dingding Zhou - National University of Singapore

2003 - Supermarket Tenants and Shopping Centers Owned by REITS

Karen Eilers Lahey
Kimberly J. Timer

 

Real Estate Market Analysis Award

Sponsored by:
 
2024 - Granular Risks and Stock Returns: Evidence From Commercial Real Estate

David Ling - University of Florida
Chongyu Wang - Florida State University
Tingyu Zhou - Florida State University

Past Award Winners
2023 - Changing the Location Game – Improving Location Analytics with the Help of Explainable AI

Moritz Stang - University of Regensburg
Bastian Kramer - University of Regensburg
Marcelo Cajias - University of Regensburg
Wolfgang Schafers - University of Regensburg

2022 - Macroeconomic Uncertainty and Predictability of Real Estate Returns: The Impact of Asset Liquidity

Nandu Nayar - Lehigh University
S. McKay Price - Lehigh University
Ke Shen - Lehigh University

2021 - Housing Affordability and Transaction Tax Subsidies

Anatasia Girshina - Stockholm School of Economics
Francois Koulischer - University of Luxembourg
Ulf von Lilienfeld-Toal - University of Luxembourg

2019 - House Price Diffusion of Housing Submarkets: Evidence from Greater Sydney

Chyi Lin Lee
Mustapha Bang

2018 - To Airbnb? A Question of Returns

Andy Krause - Greenfield Advisors
Gideon Aschwanden - The University of Melbourne

2016 - Missing the Mark: Choosing a Local House Price Index and its Consequence on Mortgage Valuation

Alexander N. Bogin - Federal Housing Finance Agency
William m. Doerner - Federal Housing Finance Agency
William D. Larson - Federal Housing Finance Agency

2015 - Know Thy Neighbor: The Impact of Cultural and Geographic Distance on Information Asymmetry

David Harrison - University of Central Florida
George Cashman - Marquette University
Hainan Sheng - Texas Tech University

2014 - Cycles in Real Estate Cycles Research-Checking Empirical Evidence in the U.S. and Europe

Annette Kaempf-Dern - HafenCity Universitaet Hamburg
Stephen E. Roulac - Roulac Global LLC and Visiting Professor University of Ulster Stephen A. Pyhrr - American Real Estate Society and Kennedy Wilson

2013 - The Impact of Consumer Sentiment on Single Family Home Prices

Patrick Smith - Georgia State University

2011 - Flight to Quality? An Investigation of the Attributes of Sold Properties in Hot and Cold Markets

Franz Fuerst
Pat McAllister
Petros Sivitanides

2010 - The Determinants of Housebuyer Search Duration in “Hot” and “Cold” Residential Markets

Ekaterina Chernobai
Tarique Hossain

2009 - Asymmetric Adjustment in the City of London Office Market

Patric H. Hendershott - University of Aberdeen
Bryan D. MacGregor - University of Aberdeen
Colin M. Lizieri - University of Reading,

2007 - Trade Area Definition and Calculation

Timothy Fik - University of Florida
Ashish Patel - University of Florida
Grant Thrall - University of Florida

2006 - An Alternative Spatial Hedonic Estimation Approach

Clifford A. Lipscomb - Valdosta State University

2005 - Macroeconomic Policy and Real Estate, Stock Market Impact Analysis

Kim Hin/David Ho - National University of Singapore
Muhammad Faishal bin Ibrahim - National University of Singapore
Kim Hiang Liow - National University of Singapore

2004 - The Geography of Submarkets: A Case Study of the Chicago Office Market

Mark Donovan - University of Chicago

2003 - Analysis of the Effects of Large Lot Zoning

Hans R. Isakson

2002 - Development of a New Regional Economics Model for Evaluating Economic Activity

Waldo Born - Eastern Illinois University
Adam Kocsis - Eastern Illinois University

 

Real Estate Portfolio Management Award

Sponsored by:
 
2024 - The Volatility of Listed Real Estate in Europe and Portfolio Implications

Martin Hoesli - University of Geneva and University of Aberdeen
Louis Johner - University of Geneva
Jackline Kraiouchkina - University of Geneva

Past Award Winners
2023 - Time Varying Dependences between Real Estate Crypto, Real Estate and Crypto Returns

Catherine Nagl - University of Regensburg
Maximilian Nagl - University of Regensburg
Daniel Rosch - University of Regensburg
Wolfgang Schafers - University of Regensburg
Julia Freybote - Portland State University

2019 - Short Selling and Options Trading: A Tale of Two Markets

George D. Cashman
David M. Harrison
Hainan Sheng

2018 - Sovereign Wealth Fund Real Estate Investment

S. McKay Price - Lehigh University
Peng Liu - Cornell University
Nathan Mauck - University of Missouri - Kansas City

2017 - Option Trading and REIT Returns

George D. Cashman - Marquette University
David M. Harrison - University of Central Florida
Hainan Sheng - University of Northern Iowa

2016 - Cross-Border Investment and Firm Liquidity

George D. Cashman - Marquette University
David M. Harrison - University of Central Florida
Hainan Sheng - University of Northern Iowa

2015 - Determinants of Foreign versus Domestic Real Estate Investment: Property-Level Evidence from Listed Real Estate Investment Firms

McKay Price - Lehigh University
Nathan Mauck - University of Missouri - Kansas City

2014 - Optimal Portfolio Diversification with Private Assets: An Alternative Theory

Ping Cheng - Florida Atlantic University
Zhenguo (Len) Lin - California State University Fullerton
Yingchun Liu - Laval University

2013 - The Impact of Trading Volume on REIT Volatility Using the GARCH Model

Nina Adams Rogers - University of North Texas
Imre Karafiath - University of North Texas
Kimberly Winson-Geideman - University of North Texas

2012 - Pricing of Volatility Risk in REIT

Jared Delisle - Washington Management State University
S. McKay Price - Lehigh University
C.F. Sirmans - Florida State University

2011 - REIT Going Private Decisions*

James C. Brau
J. Troy Carpenter
Mauricio Rodriguez
C.F. Sirmans

2010 - The Changing Benefit of REITs to the Mixed-Asset Portfolio*

Stephen L. Lee

2009 - REIT Auditor Fees and Financial Market Transparency*

Bartley R. Danielsen - North Carolina State University
Richard S. Warr - North Carolina State University
David M. Harrison - Texas Tech University
Robert A. Van Ness - University of Mississippi

2007 - Risk Premiums for International Real Estate Investing in the Pan-Asia Region*

David Ho - National University of Singapore
Tien Foo Sing - National University of Singapore
Leslie Chua - JLL Real Estate Intelligence Service-Asia
John Glascock - the University of Cambridge

2006 - Time Variation of Liquidity in the Private Real Estate Market: An Empirical Investigation*

Jim Clayton - University of Cincinnati
Greg MacKinnon - Saint Mary’s University
Liang Peng -The University of Colorado

2005 - Contrarian Real Estate Investment*

Kwame Addae-Dapaah - National University of Singapore
Kim Hin/David Ho - National University of Singapore
Yong Hua Chua - National University of Singapore

2004 - Regime Changes in International Securitized Property Markets*

Kim Hiang Liow - National University of Singapore
Haihong Zhu - National University of Singapore
David Kim Hin Ho - National University of Singapore
Kwame Addae-Dapaah - National University of Singapore

2003 - The Persistence of Real Estate Fund Performance*

Stephen L. Lee

2002 - Correlation Shifts and Real Estate Portfolio Management*

Stephen L. Lee - University of Reading-England

* Awarded under retired Real Estate Investment/Portfolio Management prize category.
 

Real Estate Valuation

Sponsored by:
 
2024 - Perceptions of Climate Change and the Pricing of Disaster Risk in Commercial Real Estate

C. Stace Sirmans - Auburn University
G. Stacy Sirmans - Florida State University
Greg T. Smersh - University of South Florida
Daniel T. Winkler - University of North Carolina - Greensboro

Past Award Winners
2023 - The Role of Tenant Characteristics in Retail Cap Rate Variation

Mariya Letdin - Florida State University
Stacy Sirmans - Florida State University
Greg Smersh - University of South Florida
Tingyu Zhou - Florida State University

2022 - Do Real Estate Contingency Clauses Affect Selling Price and Time-on-the-Market?

Bruce L. Gordon - University of North Alabama
Michael J. Seiler - College of William & Mary
Ralph Siebert - Purdue University
Daniel T. Winkler - University of North Carolina at Greensboro

2021 - Listing Price and the Overpricing of Residential Properties

Clifford Lipscomb - Georgia Institute of Technology
Daniel Winkler - University of North Carolina at Greensboro
Bruce Gordon - University of North Alabama

2019 - Information Value of Property Description: A Machine Learning Approach

Lily Shen

2018 - Valuation Errors, Collateral Risk, and the Role of Mortgage Insurance

Paul Carrillo - George Washington University
William M. Doerner - Federal Housing Finance Agency
William Larson - Federal Housing Finance Agency

2017 - Property Renovations and Their Impact on House Price Index Construction and Loan Performance Outcomes

William M. Doerner - Federal Housing Finance Agency
Alexander Bogin - Federal Housing Finance Agency

2016 - Golf Course Design and Real Estate Values – The Impact of Cart Path Routing on Condominium Prices

Steve P. Fraser - Florida Gulf Coast University
Marcus T. Allen - Florida Gulf Coast University

` 2015 - Illuminating the Impacts of Brownfield Redevelopments on Neighboring Housing Prices: Case of Cuyahoga County, Ohio

Ayoung Woo - Texas A&M University
Sugie Lee - Hanyang University

2014 - The Impact of Default and Foreclosure on Housing Values

Ying Huang - University of Manitoba
Esra Ozdenerol - The University of Memphis
Mark A. Sunderman - University of Memphis
Ronald W. Spahr - University of Memphis

2013 - Construction Quality and House Prices

Joseph T. L. Ooi - National University of Singapore
Thao T. T. Le - National University of Singapore
Lee Nai Jia - National University of Singapore

2012 - Transaction-Based Versus Appraisal-Based Capitalization Rates: New Evidence on Cap Rate Determinants and Appraisal Smoothing

Alain Marc Chaney - IAZI AG
Martin E. Hoesli - University of Geneva

2011 - Addressing Appraisal Creep in Property Taxation: Alternatives to Traditional Taxation Methods

William H. Dare
Paul R. Goebel
The Honorable Carl Isett

2010 - Appraisal Error Terms and Confidence Intervals

John A. Kilpatrick

2009 - The Impact of Age on the Value of Historic Homes in a Nationally Recognized Historic District

Kimberly Winson-Geideman - University of North Texas
Dawn Jourdan - University of Florida
Shan Gao - Texas A&M University

2007 - Discounted Cash Flow as a Tool for Market Valuation

Christina Gustafsson - IPD Norden, Swedish Property Index
Stellan Lundstrom - The Royal Institute of Technology

2006 - Price Discovery Between Residential Land and Housing Markets

Joseph T.L. Ooi - National University of Singapore
Lee Sze_Teck - National University of Singapore

2005 - Real Estate Appraisal and Bid Price: An Empirical Evaluation of Alternative Theories

Carl R. Gwin - Baylor University
Seow-Eng Ong - National University of Singapore
Andrew C. Spieler - Hofstra University

2004 - The Price of Aesthetic Externalities

Steven Bourassa - University of Louisville
Jian Sun - University of Louisville
Martin Hoeslie - University of Geneva, University of Aberdeen Business School

2003 - Commercial Site Values: The 100 Percent Location Revisited

Karl L. Guntermann
Gareth Thomas

2002 - Appraisers and Toxic Mold: Legal and Valuation Issues

Richard W. Hoyt - University of Nevada
Robert J. Aalberts - University of Nevada

 

Seniors Housing Award

Sponsored by:
 
2024 - No Award

 

Past Award Winners
2023 - No Award 2022 - Do Affordable Housing Professionals Employed in the For-Profit and Non-Profit Sectors Conceptualize the Work of Their Companies Differently?

Dustin C. Read - Clemson University
Donna Sedgwick - Virginia Tech

2021 - Resident Service Coordinators as an Underutilized Resource in the Design and Development of Affordable Housing

Dustin Read - Virginia Tech
Greg Galford - Virginia Tech
Jeffrey Robert - Virginia Tech

2019 - An Exploration of U.S. Senior Housing

Jeremy Gabe
Spenser Robinson
Drew Sanderford

2018 - External House Price Effects of Assisted Living Facilities and Nursing Homes

Velma Zahirovic-Herbert - The University of Georgia
Karen M. Gibler - International Real Estate Society

2017 - No Award 2016 - Land Leverage and Mortgage Default: Implications for the Aging Baby Boom Generation

Thomas G. Noordewier - University of Vermont
David M. Harrison - University of Central Florida

2015 - The Effect of Age-Restricted Housing on Surrounding House Prices

Karen Gibler - Georgia State University
Tanja Tyvimaa - Tampere University of Technology
Velma Zahirovic-Herbert - University of Georgia

2014 - Home Safety, Accessibility, and Elderly Health: Evidence from Falls

Michael Eriksen - Texas Tech University
Nadia Greenhalgh-Stanley - Kent State University
Gary Engelhardt - Syracuse University

2013 - Reverse Mortgages: Consumer Selection

Donald R. Haurin - Ohio State University
Chao Ma - Ohio State University
Stephanie Moulton - Ohio State University
Jason Seligman - Ohio State University

2012 - Life Satisfaction among Elderly Households in Public Rental Housing in Singapore

Kwame Addae-Dapaah - National University of Singapore
Quah Shu Juan - Knight Frank Pte. Ltd

2011 - No Award 2010 - Another Look at Effects of ‘Adults-Only’ Age Restrictions on Housing Prices

Marcus T. Allen
Charles C. Carter
Zhenguo (Len) Lin
William J. Haloupek

2009 - Can’t Get No Satisfaction or Can They? Examining Housing and Neighborhood Satisfaction Factors in the 55+ Generation

David W. Chapman - Old Dominion University
John R. Lombard - Old Dominion University

2007 - Assisted Living Facilities: Best Practices in Design and Management

Julia Beamish - Virginia Tech
Rosemary Carucci Gross - Virginia Tech

2006 - No Award 2005 - Real Estate Aspects of Healthcare: Excess Capacity and Growing Costs

Michael A. Anikeeff - John Hopkins University
John D. Benjamin - American University
Peter Chinloy - American University
Isaac F. Megbolugbe - Johns Hopkins University

2002 - Nursing Home Quality, Chain Affiliation, Profit Status and Performance

Randy I. Anderson - Baruch College
H. Shelton Weeks - Florida Gulf Coast University
Bradley K. Hobbs - Florida Gulf Coast University
James R. Webb - Cleveland State University

 

Spatial Analysis/ GIS Applications Award

Sponsored by:
 
2024 - The Impact of Labels on Neighborhoods

Yuliya Demyanyk - Univeristy of Illinois at Chicago
Luis A. Lopez - Univeristy of Illinois at Chicago
Nitzan Tzur-Ilan - Federal Reserve Bank at Dallas

Past Award Winners
2023 - Amazon Delivers a New Location to Your Door: How Last-Mile Distribution Centers Influence Residential Real Estate Prices

Jeffrey Robert - Virginia Tech University

2022 - Accounting for Spatial Autocorrelation in Algorithm-Driven Hedonic Models: A Spatial Cross-Validation Approach

Juergen Deppner - University of Regensburg
Marcelo Cajias - Patrizia AG

2019 - Estimating the Impact of Crime on Neighborhood Property Values – A Geospatial Application

Ying Huang
Ronald W. Spahr
Mark A. Sunderman
Paul Bidanset

2018 - Impact of Industrial Rezoning on Residential House Prices

Jeffrey G. Robert - University of Georgia
Velma Zahirovic-Herbert - The University of Georgia

2017 - The Density of Gas Stations and the Type of Traffic — Commuting, Convenience, and Retail

Anthony Pennington-Cross - Marquette University
Kyle Koller - Jones Lang LaSalle

2016 - Spillover Effects of Geographically Dependent Macroeconomic Variables on REIT Liquidity

Chongyu Wang - University of Connecticut
Jeffrey P. Cohen - University of Connecticut
John L. Glascock - University of Connecticut

2015 - A Damaged View: The Impact of Power Lines on Residential Property Values

David Wyman - College of Charleston
Chris Mothorpe - College of Charleston

 

Sustainable Real Estate Award

Sponsored by:
 
2024 - The price of clean air - quantifying air pollution exposure in real estate decision making

Rebecca Restle - Patrizia SE
Marcelo Cajias - University of Regensburg and Patrizia SE
Anna Knoppik - University of Regensburg

Past Award Winners
2023 - Picture This: A Deep Learning Model for Operational Real Estate Emissions

Benedikt Gloria - University of Regensburg
Ben Höhn - University of Regensburg

2022 - Does Investing in ESG Pay Off? Evidence from REITs around the Covid-19 Pandemic

Ryan G. Chacon - University of Colorado, Colorado Spring
Zifeng Feng - University of Texas at El Paso
Zhonghua Wu - Florida International University

2021 - Solar at High Noon: Solar Home Premiums in a Rapidly Maturity Market

Jaclene Begley - Fannie Mae
Ben Hoen - Lawrence Berkeley National Laboratory

2019 - The Impact of Waterfront Location on Residential Home Values Considering Flood Risks

Norman G. Miller
Michael Sklarz

2018 - Impact of Flood Zone on Residential Property Asking Price. Are People Aware of the Risk? Case of Province of Quebec

Philippe Belanger - Universite Laval
Michael Bourdeau-Brien - Universite Lava

2017 - Residential Diffusion Indices For LEED, Energy Star, and the National Green Building Standard

Spenser J. Robinson - Central Michigan University
Andrew Sanderford - Arizona State University
Elizabeth Cameron - Central Michigan University

2016 - Green Tenancies: A Luxury Good for Commercial Real Estate Occupiers

Jeremy Gabe - University of South Australia

2015 - Financial Impact of LEED and Energy Star Certifications on Hotel Revenues

Spenser Robinson - Central Michigan University
Arjun Singh - Michigan State University
Prashant Das - Ecole hoteliere de Lausanne

2014 - Innovation Complementarity: Evidence From US Home Builders’ Green Technology Use 2000-2010

Andrew Sanderford - Virginia Center for Housing Research
Matthew Keefe - Virginia Center for Housing Research
C.T. Koebel - Virginia Center for Housing Research
Andrew McCoy - Virginia Center for Housing Research

2013 - Managing Well by Managing Good – The True Story of Sustainable Real Estate Premiums

Spenser J. Robinson - Central Michigan University

2012 - An Empirical Study of the Behavioral Response of Developers and Investors to the LEED Rating System

James R. DeLisle - University of Washington
Terry Vaughn Grissom - University of Washington
Lovisa Hogberg - University of Washington

2011 - Spatial Penetration and Performance of LEED Ratings & Certification Levels Among Office Buildings

Sofia Dermisi

2010 - Wind Energy Facilities and Residential Properties: The Effect of Proximity and View on Sales Prices

Ben Hoen
Ryan Wiser
Peter Cappers
Mark Thayer
Gautam Seth

2009 - New Evidence on the Green Building Rent and Price Premium

Franz Fuerst - The University of Reading
Patrick McAllister - The University of Reading

 

Urban Design and Development Award

Sponsored by:
 
2024 - The Effects of Uncertain Commuting Costs on American Urban Land Markets: Theory and Empirical Evidence

Jeffrey A. DiBartolomeo - University of Southern Maine
Geoffrey K. Turnbull - University of Central Florida

Past Award Winners
2023 - Affordable Housing Paradox in Sub Saharan Africa – Some Lessons and the Way Forward

Emmanuel Kofi Gavu - Harvard University
Richard Peiser - Harvard University

2022 - Closed Cities, Open Cities and the Determinants of Urban Sprawl

Jeffrey A. DiBartolomeo - University of Southern Maine
Geoffrey K. Turnbull - University of Central Florida

2021 - Supply Elasticity and Substitution in the Within-City Heterogeneity of Price Movement

Ren Ren - University of Hong Kong
Siu Kei Wong - University of Hong Kong
Kwong Wing Chau - University of Hong Kong

 

ARES Journals Best Paper Awards

Each year, the ARES journals select a "Best Paper" from the published manuscripts. While this recognition differs from the ARES manuscript prizes in that it does not include a monetary component, it remains a significant honor within the Society. This year, we are pleased to announce that the Journal of Real Estate Research (JRER) will confer its "Best Paper" award for exemplary submissions, underscoring our continued commitment to advancing scholarly excellence in the field of real estate.

JRER Best Paper Prize

Sponsored by:
 
2025 - iBuyers Use of PropTech to Make Large-Scale Cash Offers

Jackson T. Anderson (Claremont McKenna College), Franz Fuerst (University of Cambridge), Richard B. Peiser (Harvard University), and Michael J. Seiler (College of William and Mary)/p> Past Award Winners

 

Manuscript Prize Information

  • Apartments, $2,500, sponsored by National Multifamily Housing Council (NMHC)
  • Best Practitioner Research (Non-residential), $2,500 sponsored by BOMA International
  • Corporate Real Estate, $1,000 sponsored by CoreNet Global
  • CoStar Data, $2,500 sponsored by the CoStar Group for a paper on any topic using CoStar data
  • Housing, $2,500 sponsored by the Lucas Institute for Real Estate Development and Finance at Florida Gulf Coast University
  • Innovative Thinking “Thinking Out of the Box” (any topic), $1,000 sponsored by Greenfield Advisors, Inc.
  • Marc Louargand Best Research Paper by a Practicing Professional (any category), $1,500 sponsored by the James R. Webb ARES Foundation. Qualification for this award requires that 50% or more of the authors be industry professionals and not hold full time academic appointments.
  • Real Estate Cycles, $2,500 sponsored by Pyhrr/Born Trust for Real Estate Cycle Research
  • Real Estate Education, sponsored by Dearborn Real Estate Education
  • Real Estate Finance, $1,000 newly sponsored by Arizona State University
  • Real Estate Investment, $1,500 sponsored by the CCIM Institute
  • Real Estate Investment Trusts, $1,000 sponsored by the National Association of Real Estate Investment Trusts (NAREIT)
  • Real Estate Market Analysis $1,000, sponsored by the Texas Tech Rawls College of Business
  • Real Estate Valuation $1,000, sponsored by the Appraisal Institute (AI)
  • Seniors Housing $1,000, sponsored by the National Investment Center for Seniors Housing and Care (NIC)
  • Spatial Analytics/GIS Applications $1,000, sponsored by the Gazarian Real Estate Center in the Craig School of Business at California State University, Fresno
  • Sustainable Real Estate $1,000, sponsored by Affinius Capital (formerly USAA Real Estate)
  • Urban Design and Development, $2,000 sponsored by Go High Capital

Manuscript Prize Nominations






















Our Mission

To research and promote education in real estate, improve communication and exchange of information in real estate and allied matters among college/university faculty and practicing professionals, and facilitate the association of academic, practicing professional, and research persons in the area of real estate.

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