Crocker Liu, Associate Director, Real Estate Finance Program

Associate Professor of Finance. BBA Real Estate/Finance (1976) University of Hawaii, MS Real Estate (1980) Wisconsin, PhD Finance/Real Estate (1988) Texas. Professor Liu joined the Stern School of Business in 1988. He is currently the Co-Editor of the Journal of Real Estate Economics, and is on the editorial board of the Journal of Property Research. He also was on the editorial board of the Journal of Real Estate Finance and Economics and  the Journal of Real Estate Finance. He currently serves on the advisory board of the Real Estate Research Institute. He has served on the board of directors of the American Real Estate and Urban Economics Association (AREUEA).  His research interests are focused on issues in real estate finance, particularly topics related to agency, organizational forms, market efficiency, and valuation.  His research has been published in the Review of Financial Studies, the Journal of Financial Economics, the Journal of Business, the Journal of Financial and Quantiative Analysis, the Real Estate Economics Journal (formerly known as the AREUEA Journal) and the Journal of Real Estate Finance and Economics. Professor Liu won the AREUEA doctoral dissertation award and also won a 1991 postdoctoral award from the Homer Hoyt's Weimer School of Advanced Studies in Real Estate and Land Economics. He has received the "Best Research Paper Award" from the American Real Estate and Urban Economics Association in 1992 (co-authored with Aswath Damodaran), and 1993-1994 (co-authored with Jianping Mei). In addition to this, Crocker is the past winner of the Wiley Award (1990) for Best Paper in the Journal of Real Estate Research and was named Undergraduate Teacher of the Year (1996-1997 and also 2001-2002) and Executive MBA in Finance Teacher of the Year (1997, 1999).  In 1999, he became a Distinguished Teaching Fellow.  He has been a professional realtor in Hawaii for a number of years and was a Vice President with Prudential Real Estate Investment Group. He has consulted with RREEF, Milliman and Robertson, and Standard and Poors among others.