David C. Ling
- Ken and Linda McGurn Professor
- Full Professor
- Director, Master of Science – Real Estate
Location
- Warrington College of Business
- Eugene F. Brigham Finance, Insurance and Real Estate Department
- Master of Science – Real Estate
- Stuzin Hall 301C
David Ling is the Ken and Linda McGurn Professor of Real Estate and Director of the Master of Science in Real Estate (MSRE) program in the Department of Finance at the University of Florida. He teaches courses in real estate finance and investment at the graduate level as well as the undergraduate real estate principles course.
Professor Ling’s publications include articles on real estate investment trusts, private commercial real estate investments including closed-end funds, performance evaluation, Section 1031 exchanges, and commercial mortgage markets and pricing. His research has been published in leading field journals in finance and economics, as well as the leading real estate focused journals. Professor Ling’s research has been supported by research grants from various professional organizations, including Nareit, the National Association of Realtors Research Division, the Fannie Mae Foundation, the National Association of Home Builders, the Real Estate Research Institute, and the International Council of Shopping Centers. His textbook (co-authored with Wayne Archer) titled Real Estate Principles: A Value Approach (7th ed.) is the most widely used principles of real estate textbook at universities that offer at least a four-year undergraduate degree.
Professor Ling served as the President of the American Real Estate and Urban Economics Association in 2000 and was co-editor of the Associations’ journal, Real Estate Economics, from 2000-2006. In 2010, he was awarded the David Ricardo Medal by the American Real Estate Society. This is ARES’ highest honor “in recognition of research productivity and influence over a twenty-year period.” In 2011, Professor Ling was the recipient of the George Bloom Award. This award is presented annually by the Directors of the American Real Estate and Urban Economics Association for “outstanding contributions to the field of real estate academics.”
Professor Ling is both a Fellow and faculty member, and served as Dean (2007-2016), of the Homer Hoyt Institute, a non-profit research and educational institute whose mission includes connecting industry and academic researchers. In recent years, he has also had part-time appointments in The Department of Land Economy at the University of Cambridge, the University of Reading, the Swedish School of Economics, and the National University of Singapore.
Professor Ling holds a MBA in finance and Ph.D. in real estate and economics from the Ohio State University.
Expertise and interest areas
- Housing Economics and Policy
- Investment and Taxation
- Real Estate Finance
News
Bergstrom Center honors Alumnus of the Year, David Rattner – March 7, 2025 – The University of Florida Warrington College of Business is proud to honor David Rattner (MSRE ’03) as the Bergstrom Real Estate Center’s Alumnus of the…
Real estate education benefits at the University of Florida | David Ling – America's Commercial Real Estate Show
Bergstrom Center honors Alumnus of the Year for decades of advocacy and service – March 1, 2024 – The University of Florida Warrington College of Business is proud to honor Steven DeRose (BA ’03, BSBA ’03, MSF ’04) as the Bergstrom Real Estate…
Real life of a real estate academic – August 28, 2023 – In this edition of our faculty spotlight series, Dr. David Ling shares his career journey to becoming one of the leading academics in real estate.…
3 top finance textbooks share the same home – UF’s Warrington College of Business – January 5, 2022 – What do some of the world’s leading finance textbooks have in common? Besides critical lessons on topics ranging from financial management to investments to real…
Courses taught
- Advanced DBA Research (FIN7978)
- DBA Doctoral Dissertation/Defense (FIN7986)
- Individual Work in Real Estate (REE6905)
- Introduction to Real Estate (REE6045)
- Investment Property Analysis (REE6395)
- Real Estate Analysis (REE3043)
- Real Estate Case Studies (REE6935)
- Real Estate Private Equity (REE6395)
- Special Topics (GEB6930)
Education
- PhD, The Ohio State University, 1984
- MBA, The Ohio State University, 1977
- BSBA, Central Michigan University, 1976
PhD students advised
- Dietz — 2024 — 2025
- Tim Becker — 2022 — 2023
- Angel Rafael Arroyo — 2021 — 2022
Professional service
- Board of Directors, Real Estate Research Institute — 2004 to Present
- Editorial Review Board Member, ARES Journal of Real Estate Research — 2005 to Present
- Editorial Review Board Member, AREUEA Real Estate Economics — 1997 to Present
- Editorial Review Board Member, Journal of European Real Estate Research — 2017 to Present
- Editorial Review Board Member, Journal of Real Estate Finance and Economics — 2000 to Present
- Editorial Review Board Member, Journal of Real Estate Research — 1995 to Present
- Committee Member, Research Council-National Association of Real Estate Investment Trusts — 2012 to 2024
- Special Issue Editor, Journal of Real Estate Finance and Economics — 2018 to 2020
Book publications
- Real Estate Principles: A Value Perspective 6th edition
- Status: Published
- Published Year: 2020
- Authors: David Ling, Wayne Archer
Book chapter publications
- “Performance Manipulation in Private Equity”
- Status: Accepted
- Published Year: 2023
- Authors: Andy Naranjo, David Ling, Jackson Blake
Journal article publications
- u0022Overlapping Real Asset Networks and Corporate Investment”
- Status: Working Paper
- Authors: Andy Naranjo, David Ling, Chongyu Wang, Jeff Cohen
- “Catering and Return Manipulation in Private Equity”
- Status: Working Paper
- Journal: Journal of Financial Economics
- Authors: Andy Naranjo, David Ling, Jackson Blake
- “The Need for Speed: Internet Infrastructure Location and Real Asset Values”
- Status: Working Paper
- Authors: Andy Naranjo, David Ling, Ben Scheick
- Granular Property Shocks and Commercial Real Estate Returns
- Status: Accepted
- Journal: Real Estate Economics
- Accepted Year: 2025
- Authors: David Ling, Chongyu Wang, Tingyu Zhou Zhou
- Work-From-Home, COVID-19, and Online Retail Effects on Commercial Real Estate Prices
- Status: Working Paper
- Authors: John Duca, David Ling
- Public vs. Private Real Estate in Pension Plan Portfolios
- Status: Working Paper
- Authors: Ryan Chacon, David Ling, Sugata Ray
- The Taxation of Carried Interests in Commercial Real Estate Investments
- Status: Working Paper
- Authors: David Ling, Joseph Pagliari
- Climate Change and Commercial Real Estate: The Role of Shocks, Retail Investors, and Media Attention
- Status: Accepted
- Journal: Journal of Regional Science
- Accepted Year: 2024
- Authors: David Ling, Spenser Robinson, Andrew Sanderford, Chongyu Wang
- How High is the Bar? Pension Fund Benchmark Choices in Real Estate
- Status: Working Paper
- Authors: Alexander Carlo, Piet Eichholtz, Nils Kok, David Ling
- Price Predictability in Liquid Funds with Illiquid Underlying Assets: The Case of Real Estate
- Status: Accepted
- Journal: Real Estate Economics
- Accepted Year: 2023
- Authors: William Hughes, David Ling, Sugata Ray, Luqi Xu
- Value Implications of REITing and DeREITing
- Status: Published
- Journal: Journal of Real Estate Finance and Economics
- Published Year: 2023
- Authors: David Ling, Sugata Ray, Alan Tidwell, Luqi Xu
- How Do Institutional Investors React to Local Shocks During a Crisis? A Test Using the COVID-19 Pandemic
- Status: Published
- Journal: Real Estate Economics
- Published Year: 2023
- Authors: David Ling, Chongyu Wang, Tingyu Zhou
- Corporate Real Estate Usage and Firm Valuation
- Status: Published
- Journal: Journal of Real Estate Finance and Economics
- Published Year: 2023
- Authors: Qing Li, David Ling, Qie 'Ellie' Yin
- IPO Underpricing and the Role of Geographic and Asset Diversification: Evidence from US REITs
- Status: Published
- Journal: Real Estate Economics
- Published Year: 2022
- Authors: David Ling, Gianluca Marcato, Chen Zheng
- Homeownership and Taxes: How the TCJA Altered the Tax Code’s Treatment of Housing
- Status: Published
- Journal: Real Estate Economics
- Accepted Year: 2022
- Authors: Brent Ambrose, Patric Hendershott, David Ling, Gary McGill
- Private Equity Real Estate Fund Performance: A Comparison to REITs and Open-end Core Funds
- Status: Accepted
- Journal: Journal of Portfolio Management
- Published Year: 2021
- Authors: Andy Naranjo, David Ling, Thomas Arnold
- Asset Productivity, Local Information Diffusion, and Commercial Real Estate Returns
- Status: Published
- Journal: Real Estate Economics
- Published Year: 2021
- Authors: David Ling, Chongyu Wang, Tingyu Zhou
- There’s No Place like Home: Local Asset Concentrations and Information Asymmetries
- Status: Published
- Journal: Real Estate Economics
- Published Year: 2021
- Authors: David Ling, Andy Naranjo, Benjamin Scheick
- Institutional Common Ownership, Motivated Investors, and Firm Value: Evidence from Real Estate Investment Trusts
- Status: Published
- Journal: Real Estate Economics
- Published Year: 2021
- Authors: David Ling, Chongyu Wong, Tingyu Zhou
- The Geography of Real Property Information and Investment: Firm Location, Asset Location, and Institutional Ownership
- Status: Published
- Journal: Real Estate Economics
- Published Year: 2021
- Authors: David Ling, Chongyu Wong, Tingyu Zhou
- How do Personal Assets Affect Professional Asset Management? Evidence from Hedge Fund Managers' Real Estate Transactions
- Status: Published
- Journal: Real Estate Economics
- Published Year: 2021
- Authors: David Ling, Yan Lu, Sugata Ray
- The Wealth Effects of REIT Property Acquisitions and Dispositions: The Creditors’ Perspective
- Status: Published
- Journal: Journal of Real Estate Finance and Economics
- Published Year: 2020
- Authors: David Ling, Qing Li, Masaki Mori, Seow Ong
- Risk Premia, Regulatory Capital Arbitrage, and the Other (Commercial) Real Estate Boom and Bust
- Status: Published
- Journal: Journal of Banking & Finance
- Published Year: 2020
- Authors: John Duca, David Ling
- A First Look at the Impact of COVID19 on Commercial Real Estate Prices: Asset Level Evidence
- Status: Published
- Journal: The Review of Asset Pricing Studies
- Published Year: 2020
- Authors: David Ling, Chongyu Wang, Tingyu Zhou
- The Impact of Like-kind Exchanges on Investment, Leverage and Liquidity
- Status: Published
- Journal: Journal of Real Estate Literature
- Published Year: 2020
- Authors: David Ling, Milena Petrova
- The Value of Tax Deferral: An Analysis of Real Estate Tax-Deferred Exchanges
- Status: Published
- Journal: Journal of Real Estate Literature
- Published Year: 2020
- Authors: David Ling, David Barker, Milena Petrova