Degrees & Programs

THE GLOBAL REAL ESTATE MASTER

WISCONSIN SCHOOL OF BUSINESS

Learn from the Best

Wisconsin School of Business faculty are at the forefront.

Faculty members of the Wisconsin Real Estate program are active researchers at the frontier of knowledge in real estate economics and finance. They bring this expertise to bear on their teaching, together with their experience of the real estate industry and policy environment.

Wisconsin faculty publish in top journals in the field of real estate and beyond. They maintain a strong presence on the policy front, sharing their expertise with the World Bank; U.S. Federal Reserve Banks; the Chinese, French, Ghanaian, Mexican, Turkish and UK governments; and other policy makers.

All faculty members participate in professional real estate organization activities and have accumulated valuable expertise through consulting assignments for private firms and governmental organizations around the world.

World-class Researchers

Stephen Malpezzi
PhD, Professor
Lorin and Marjorie Tiefenthaler Distinguished Chair of Real Estate
Department Chair

Regular advisor to The World Bank and numerous governments on housing policy issues in developing economies. “The 2008-09 Crisis in U.S. Housing and Financial Markets, and in the Aggregate Economy — How Did We Get Here, Which Way Out?” Urban Studies, forthcoming. A Primer on U.S. Housing Markets and Policy, with Richard K. Green, Washington, D.C.: The Urban Institute Press, for the American Real Estate and Urban Economics Association, Monograph Series, No. 3, 2003.

Morris A. Davis
PhD, Associate Professor
Member of the Board of Directors of American Capital Agency Corporation
Director of the James A. Graaskamp Center for Real Estate

"The Price and Quantity of Residential Land in the United States," with Jonathan Heathcote, Journal of Monetary Economics, 54 (8):2595-2620, 2007. "Housing and the Business Cycle," with Jonathan Heathcote, International Economic Review, 46 (3):751-784, 2005.

Timothy Riddiough
PhD, CRE, Professor
E.J. Plesko Chair of Real Estate and Urban Land Economics.

Senior advisor, EquiBase Capital Group. “Monopoly and Information Advantage in the Residential Mortgage Market,” with Jie Gan, Review of Financial Studies, 21:2677-2703, November 2008. “Theory and Evidence on The Resolution of Financial Distress,” with David Brown and Brian Ciochetti, Review of Financial Studies, 19:1357-1397, Winter 2006.

Abdullah Yavas
PhD, FRICS, Professor
UW Real Estate Program Distinguished Professor.

Member of the Monetary Policy Committee, Central Bank of Turkey. “Price Discovery in Real Estate Markets: A Dynamic Analysis,” with Yildiray Yildirim, Journal of Real Estate Finance and Economics, forthcoming. “Conflicts between Principals and Agents: Evidence from Residential Brokerage” with Ron C. Rotherford and Tom M. Springer, Journal of Financial Economics, 76:627-665, 2005.

Erwan Quintin
PhD, Assistant Professor, recently joined the faculty after serving as Senior Economist and Policy Advisor at the Federal Reserve Bank of Dallas.

"Why Do Financial Systems Differ? History Matters," with Cyril Monnet, Journal of Monetary Economics 54 (4), May 2007, 1002-17. "Limited Enforcement, Financial Intermediation and Economic Development: A Quantitative Assessment," with Pedro Amaral, International Economic Review (forthcoming).

François Ortalo-Magné
PhD, CRE, FRICS, Professor
Albert O. Nicholas Dean of the Wisconsin School of Business

Advisor on land-use issues to the French Ministry of Ecology, Energy, Sustainable Development and the Oceans. “The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com,” with Igal Hendel and Aviv Nevo, American Economic Review, forthcoming December 2009. “Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints,” with Sven Rady, Review of Economic Studies, 73:459–485, April 2006.


World-class Lecturers

The program has two faculty associates dedicated to teaching practitioner-oriented courses:

  • Sharon McCabe joined the program after a successful career as lead tax appraiser for commercial properties. She maintains a consulting practice built on her expertise in appraisal of complex real estate assets.
  • Joe Walsh joined the program from Great Wolf Resorts, a publicly listed resort hotel development and management company, where he was Senior Director for Development.

In addition, a team of part-time lecturers provide expert training in fields such as real estate development and real estate law. Tom Landgraf and Arif Qureshi teach real estate development classes. Among them, they combine many years of experience developing a wide variety of properties, from subsidized housing in Madison to hotel developments around the country for major international brands.

Real estate law is covered by Peter Ritz, a Harvard Law School real estate lawyer who consistently achieves the highest teaching ratings in the department.

The teaching of real estate capital markets benefits from the contributions of two expert investment advisors: Michael Dubis who runs his own investment advisory firm, and David Shulman who retired in 2005 as managing director and head REIT analyst for Lehman Brothers.

Together, our entire team presents a comprehensive and well-rounded curriculum preparing students for the realities of modern real estate activity.