Research areas
Commercial real estate finance and investment, REIT markets, institutional investor behavior, CRE cap rate dynamics, credit availability and asset pricing in illiquid markets. Faculty at the University of Florida Hough Graduate School of Business.
Key papers
- other-commercial-real-estate-boom-bust (2015, Fed Dallas WP) — co-authored with John Duca. Decomposes CRE cap rate boom-bust into risk premia, regulatory capital, and real interest rate components.
Recent work
(to be populated by future ingests)
Collaborators
- john-duca — co-author on the CRE boom-bust paper.
My notes
Ling is a leading CRE finance researcher. His work on CRE credit availability and asset pricing dynamics in illiquid markets (Ling-Naranjo-Scheick 2014) provides the institutional-investor perspective on the cap rate determinants that the Leather-Sagi model captures structurally through regime-switching risk premia.