Tales in Possible
NYU Stern Establishes Center for Real Estate Finance Research
Our new Center for Real Estate Finance Research will focus on real estate research and education, and deepen partnerships with real estate industry leaders and policy makers.
We learned from the global financial crisis of the systemic importance of real estate finance and continue to see how housing influences the direction and speed of the economic recovery.
“Real estate development drives growth in New York City - influencing the local skyline, the employment outlook and the markets,” said Peter Henry, dean, NYU Stern. “As a hub for exploration, the Center will allow for deeper engagement with industry leaders and policy makers on the future of housing and commercial real estate and its impact on the global economy.”
The Center for Real Estate Finance Research will provide a structured environment at Stern for top-quality real estate research, expand the School’s real estate education for MBA and undergraduate students, and create new opportunities for partnership with the investment community, and residential and commercial real estate industries. Additionally, as a cross-disciplinary hub, the Center will foster collaborations for research inquiry across Stern as well as the greater University.
“We learned from the global financial crisis of the systemic importance of real estate finance and continue to see how housing influences the direction and speed of the economic recovery,” said NYU Stern Professor of Finance Stijn Van Nieuwerburgh, co-author of Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance (Princeton Press, March 2011) and Director of Stern’s Center for Real Estate Finance Research. “We’re in a research renaissance to uncover answers that will reshape the architecture of mortgage finance. In addition, the importance of the commercial real estate market in terms of its employment, investment and growth opportunities provides exciting research opportunities going forward.”
Welcome remarks from Jerry L. Cohen (BS ’53, MBA ’59), Tishman Speyer Properties
A panel of alumni addressing the near-term prospects of commercial real estate:
William Mack (BS ’62), AREA Property Partners
Philip Milstein (MBA ’74), Ogden CAP Properties, LLC
Larry Silverstein (NYU Arts ’52), Silverstein Properties
Research presentations from NYU and NYU Stern thought leaders in real estate finance:
Viral Acharya, C.V. Starr Professor of Economics, NYU Stern
Andrew Caplin, Silver Professor and Professor of Economics, NYU
Harry Chernoff, Clinical Professor of Operations Management, NYU Stern
Xavier Gabaix, Martin J. Gruber Professor of Finance, NYU Stern
Matthew Richardson, Charles E. Simon Professor of Applied Economics, Sidney Homer Director of the Salomon Center for the Study of Financial Institutions, NYU Stern
Stijn Van Nieuwerburgh, Professor of Finance and the Yamaichi Faculty Fellow, Director of the Center for Real Estate Finance Research, NYU Stern