Portrait Photo

David C. Ling

Ken and Linda McGurn Professor
Full Professor
University of Florida,
Warrington College of Business
Department of Finance, Insurance & Real Estate
PO Box 117168 Gainesville FL 32611
Stuzin Hall 301C
(352) 273-0313

Education

PhD - The Ohio State University, 1984
MBA - The Ohio State University, 1977
BSBA - Central Michigan University, 1976

Research Areas

Real Estate Finance, Investment and Taxation, Housing Economics and Policy
Real Estate Perspectives: An Introduction to Real Estate, 4th edition
Published Year: 2001
Authors: Jack Corgel Hal Smith David Ling
Prepayment Risk and Lower Income Mortgage Borrowers
Published Year: 2002
Authors: W. Archer G. McGill Nicolas Retsinas Eric Belsky David Ling

Effects on Real Estate
Published Year: 1987
Authors: J. Follain P. Hendershott J. Pechman David Ling

Likely Impacts of the Administration's Tax Proposals and H.R. 3838
Published Year: 1986
Authors: P. Hendershott J. Follain David Ling

The Likely Impact of the Treasury Tax Reform Plan on Housing
Published Year: 1985
Authors: P. Hendershott David Ling
Tax Reform and Housing
Published Year: 1985
Authors: P. Hendershott David Ling
Asset Location, Timing Ability, and the Cross-Section of Commercial Real Estate Returns
Journal: Real Estate Economics
Accepted Year: 2018
Authors: David Ling Andy Naranjo Benjamin Scheick

How do Personal Assets Affect Professional Asset Management? Evidence from Hedge Fund Managers' Real Estate Transactions
Journal: Real Estate Economics
Accepted Year: 2018
Authors: David Ling Yan Lu Sugata Ray

Risk Premia, Regulatory Capital Arbitrage, and the Other (Commercial) Real Estate Boom and Bust
Journal: Journal of Banking & Finance
Accepted Year: 2018
Authors: John Duca David Ling

How Taxes and Required Returns Drove Commercial Real Estate Valuations over the Past Four Decades
Journal: National Tax Journal
Published Year: 2017
Authors: John Duca Patric Hendershott David Ling

Waiting to be Called: The Impact of Deployment Speeds and Opportunity Costs on PERE Returns
Journal: Journal of Portfolio Management
Published Year: 2017
Authors: Thomas Arnold David Ling Andy Naranjo

"REIT Leverage and Return Performance: Keep Your Eye on the Target
Journal: Real Estate Economics
Published Year: 2017
Authors: Emanuela Giacomini David Ling Andy Naranjo

Asset Growth and Stock Performance: Evidence from REITs
Journal: Real Estate Economics
Accepted Year: 2016
Authors: David Ling Joseph Ooi Ruoran Xu

Credit Availability and Asset Pricing in Illiquid Markets: Evidence from Commercial Real Estate Markets"
Journal: Journal of Money, Credit and Banking
Published Year: 2016
Authors: David Ling Andy Naranjo Benjamin Scheick

Geographic Allocations, Property Selection, and Performance Attribution in Public and Private Real Estate Markets
Journal: Real Estate Economics
Accepted Year: 2016
Authors: David Ling Andy Naranjo Benjamin Scheick

Why Do Distant Buyers Pay More? Search Costs, Behavioral Biases, and Information Intermediary Effects
Journal: Journal of Real Estate Finance and Economics
Accepted Year: 2016
Authors: David Ling Andy Naranjo Milena Petrova

Explaining Housing Dynamics: Isolating the Role of Non-Fundamentals
Journal: Journal of Money, Credit and Banking
Published Year: 2015
Authors: David Ling Joseph Oi Thao Lee

Leverage, Volatility, Returns: A cross country analysis of public real estate markets
Journal: Journal of Real Estate Finance and Economics
Published Year: 2015
Authors: David Ling Andy Naranjo Emanuela Giacomini

Returns, Volatility, and Information Transmission Dynamics in Public and Private Real Estate Markets
Journal: Real Estate Economics
Published Year: 2015
Authors: Andy Naranjo David Ling

Investor Sentiment, Limits to Arbitrage, and Private Market Returns
Journal: Real Estate Economics
Published Year: 2014
Authors: Andy Naranjo Benjamin Scheick David Ling

Short Sales and Fundamental Value: Explaining REIT Premiums to NAV
Journal: Real Estate Economics
Published Year: 2013
Authors: David Ling Dirk Brounen Melissa Prado

Information, Uncertainty, and Behavioral Effects: Evidence from US REIT Earnings Announcements
Journal: Journal of International Money and Finance
Published Year: 2012
Authors: Frank Gyamfi-Yeboah Andy Naranjo David Ling

Shareholder Composition, Share Turnover, and Returns in Volatile Markets: The Case of International REITs
Journal: Journal of International Money and Finance
Published Year: 2012
Authors: Dirk Brounen Nils Kok David Ling

Real Estate Ownership, Leasing Intensity and Value: Do Stock Returns Reflect a Firm's Real Estate Holdings
Journal: Journal of Real Estate Finance and Economics
Accepted Year: 2011
Authors: A. Naranjo M. Ryngaert David Ling

Why Do REITs Go Private? Differences in Target Characteristics, Acquirer Motivations, and Wealth Effects in Public and Private Acquisitions
Journal: Journal of Real Estate Finance and Economics
Published Year: 2011
Authors: M. Petrova David Ling

Ownership Duration in the Residential Housing Market: The Influence of Tenure, Cycles and Neighborhood Factors
Journal: Journal of Real Estate Finance and Economics
Published Year: 2010
Authors: B. Smith W. Archer David Ling

Commercial Real Estate Valuation: Fundamentals versus Investor Sentiment
Journal: Journal of Real Estate Finance and Economics
Published Year: 2009
Authors: J. Clayton A. Naranjo David Ling

Institutional Capital Flows and Return Dynamics in Private Commercial Real Estate Markets
Journal: Real Estate Economics
Published Year: 2009
Authors: J. Fisher A. Naranjo David Ling

Liquidity of Property Shares: An International Comparison
Journal: Real Estate Economics
Published Year: 2009
Authors: D. Brounen P. Eichholtz David Ling

The Dynamics of Asset Prices and Transaction Activity in Illiquid Markets: The Case of Private Commercial Real Estate
Journal: Journal of Real Estate Finance and Economics
Published Year: 2009
Authors: G. Marcato P. McAllister David Ling

Avoiding Taxes at Any Cost: The Economics of Tax-Deferred Real Estate Exchanges
Journal: Journal of Real Estate Finance and Economics
Published Year: 2007
Authors: M. Petrova David Ling

Indices for Investment Benchmarking and Return Performance Analysis in Private Real Estate
Journal: International Real Estate Review
Published Year: 2007
Authors: D. Geltner David Ling

The Variation of Homeowner Tax Preferences by Income, Age, and Leverage
Journal: Real Estate Economics
Published Year: 2007
Authors: G. McGill David Ling

Trading Intensity and Real Estate Performance
Journal: Journal of Real Estate Finance and Economics
Published Year: 2007
Authors: D. Brounen P. Eichholtz David Ling

Considerations in the Design and Construction of Investment Real Estate Research Indices
Journal: Journal of Real Estate Research
Published Year: 2006
Authors: D. Geltner David Ling

Dedicated REIT Mutual Fund Flows and REIT Performance
Journal: Journal of Real Estate Finance and Economics
Published Year: 2006
Authors: A. Naranjo David Ling

Do Real Estate Ownership and Leasing Decisions Affect a Retail Firm's Stock Market Risk and Return
Journal: Journal of Shopping Center Research
Published Year: 2006
Authors: M. Ryngaert A. Naranjo David Ling

A Random Walk Down Main Street: Can Experts Predict Returns on Commercial Real Estate?
Journal: Journal of Real Estate Research
Published Year: 2005
Authors: David Ling

Household Income, Termination Risk and Mortgage Pricing
Journal: Journal of Real Estate Finance and Economics
Published Year: 2003
Authors: W. Archer G. McGill David Ling

Modeling Spatial Variations in the Selling Price of Housing: A Variable Interaction Approach
Journal: Real Estate Economics
Published Year: 2003
Authors: T. Fik G. Mulligan David Ling

The Dynamics of REIT Capital Flows and Returns
Journal: Real Estate Economics
Published Year: 2003
Authors: A. Naranjo David Ling

Authors' Perceptions and Preferences Among Real Estate Journals: An Editors' Note
Journal: Real Estate Economics
Published Year: 2002
Authors: D. Geltner T. Thibodeau David Ling

Commercial Real Estate Return Performance: A Cross-Country Analysis
Journal: Journal of Real Estate Finance and Economics
Published Year: 2002
Authors: A. Naranjo David Ling

Determinants of Multifamily Mortgage Default Rates: Evidence From FDIC Mortgage Pools
Journal: Real Estate Economics
Published Year: 2002
Authors: W. Archer P. Elmer D. Harrison David Ling

Mitigating Information Externalities in Mortgage Markets: The Role of Government Sponsored Enterprises
Journal: Cityscape: A Journal of Policy Development and Research
Published Year: 2002
Authors: D. Harrison W. Archer M. Smith David Ling

Benchmarks and Index Needs in the US Private Real Estate Industry: Trying to Close the Gap
Journal: PREA
Published Year: 2001
Authors: D. Geltner David Ling

Ideal Research and Benchmark Indexes in Private Real Estate: Some Conclusions from the RERI/PREA Technical Report
Journal: Real Estate Finance
Published Year: 2001
Authors: D. Geltner David Ling

Estimating Returns on Commercial Real Estate: A New Methodology Using Latent Variable Models
Journal: Real Estate Economics
Published Year: 2000
Authors: A. Naranjo M. Nimalendran David Ling

The Predictability of Equity REIT Returns: Time Variation and Economic Significance
Journal: Journal of Real Estate Finance and Economics
Published Year: 2000
Authors: A. Naranjo M. Ryngaert David Ling

The Integration of Commercial Real Estate Markets and Stock Markets
Journal: Real Estate Economics
Published Year: 1999
Authors: A. Naranjo David Ling

Cross-Tenure Differences in Home Maintenance and Appreciations
Journal: Land Economics
Published Year: 1998
Authors: D. Gatzlaff R. Green David Ling

Evidence on the Demand for Mortgage Debt by Owner-Occupants
Journal: Journal of Urban Economics
Published Year: 1998
Authors: G. McGill David Ling

Information Externalities and Home Mortgage Underwriting
Journal: Journal of Urban Economics
Published Year: 1998
Authors: S. Wachter David Ling

The Effects of Property, Owner, Location and Tenant Characteristics on Multifamily Profitability
Journal: Journal of Housing Research
Published Year: 1998
Authors: A. Bogdon David Ling

The Fundamental Determinants of Commercial Real Estate Returns
Journal: Real Estate Finance
Published Year: 1998
Authors: A. Naranjo David Ling

Demographic Versus Option-Driven Mortgage Terminations
Journal: Journal of Housing Economics
Published Year: 1997
Authors: W. Archer G. McGill David Ling

Economic Risk Factors and Commercial Real Estate Returns
Journal: Journal of Real Estate Finance and Economics
Published Year: 1997
Authors: A. Naranjo David Ling

Valuation Uncertainty, Institutional Involvement, and the Underpricing of IPOs: The Case of REITs
Journal: Journal of Financial Economics
Published Year: 1997
Authors: M. Ryngaert David Ling

The Three Dimensions of Real Estate Markets: Linking Space, Capital, and Property Markets
Journal: Real Estate Finance
Published Year: 1997
Authors: W. Archer David Ling

Retail Site Selection Using GIS: An Introduction to Methods, Models, and Data Sources
Journal: Megatrends in Retail Property
Published Year: 1996
Authors: G. Smersh David Ling

The Effect of Income and Collateral Constraints on Residential Mortgage Terminations
Journal: Regional Science and Urban Economics
Published Year: 1996
Authors: W. Archer G. McGill David Ling

Measuring the Importance of Location in Residential House Price Appreciation
Journal: Journal of Urban Economics
Published Year: 1996
Authors: W. Archer D. Gatzlaff David Ling

The Effects of Alternative Interest Rate Processes on the Valuation of Mortgage Securities
Journal: Journal of Housing Research
Published Year: 1995
Authors: W. Archer David Ling

Measuring Changes in Local House Prices: An Empirical Investigation of Alternative Methodologies
Journal: Journal of Urban Economics
Published Year: 1994
Authors: D. Gatzlaff David Ling

The Price of Owner-Occupied Housing Services: 1973-1989
Journal: Real Estate Research Issues
Published Year: 1994
Authors: David Ling

The Preferential Income Tax Treatment of Owner-Occupied Housing: Who Really Benefits?
Journal: Housing Policy Debate
Published Year: 1993
Authors: J. Follain G. McGill David Ling

The Valuation of Income Properties in Overbuilt Markets
Journal: Appraisal Journal, The
Published Year: 1993
Authors: David Ling

Mortgage-Backed Futures and Options
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1993
Authors: David Ling

Probabilistic Valuation Models and Income Tax Asymmetries With an Application to the Analysis of Passive Loss Restrictions
Journal: Journal of Real Estate Research
Published Year: 1993
Authors: David Ling

Pricing Mortgage-Backed Securities: Integrating Optimal Call and Empirical Models of Prepayment
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1993
Authors: W. Archer David Ling

Measuring the Size and Distributional Effects of Home Owner Tax Preferences
Journal: Journal of Housing Research
Published Year: 1992
Authors: G. McGill David Ling

An Empirical Investigation of the Contingent Claims Approach to Pricing Residential Mortgage Debt
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1992
Authors: M. Giliberto David Ling

Linkages Among Capitalization Rates, Discount Rates and Real Estate Cycles
Journal: Real Estate Issues
Published Year: 1992
Authors: H. Smith David Ling

Real Estate Markets since 1980: What Role Have Tax Changes Played?
Journal: National Tax Journal
Published Year: 1992
Authors: J. Follain P. Hendershott David Ling

Implementing Discounted Cash Flow Valuation Models: What is the Correct Discount Rate?
Journal: Appraisal Journal, The
Published Year: 1992
Authors: David Ling

Real Estate Values, Federal Income Taxation, and the Importance of Local Market Conditions
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1992
Authors: David Ling

Low Income Housing Tax Credits: Does Targeting Limit Their Use to High Income Counties?
Journal: Journal of Housing Economics
Published Year: 1991
Authors: M. Smith David Ling

Optimal Call Strategies, Transaction Costs, and the Market Value of Corporate Debt
Journal: Financial Review, The
Published Year: 1991
Authors: David Ling

The Federal Tax Subsidy to Housing and the Reduced Value of the Mortgage Interest Deduction
Journal: National Tax Journal
Published Year: 1991
Authors: J. Follain David Ling

Optimal Mortgage Refinancing with Stochastic Interest Rates
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1989
Authors: A. Chen David Ling

Valuing Mortgages With Built-in Refinancing Options: A Contingent Claim Analysis
Journal: Housing Financing Review
Published Year: 1989
Authors: M. Giliberto David Ling

Another Look at Tenure Choice, Inflation, and Taxes
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1988
Authors: J. Follain David Ling

Homeownership Rates of Married Couples: An Econometric Investigation
Journal: Housing Financing Review
Published Year: 1988
Authors: D. Haurin P. Hendershott David Ling

Another Look at Mortgage Revenue Bonds
Journal: Journal of Policy Analysis and Management
Published Year: 1988
Authors: M. Smith David Ling

Understanding the Real Estate Provisions of Tax Reform: Motivation and Impact
Journal: National Tax Journal
Published Year: 1987
Authors: J. Follain P. Hendershott David Ling

Choosing Among Alternative Financing Structures: The Developer's Dilemma
Journal: Real Estate Review
Published Year: 1987
Authors: R. Peiser David Ling

The Impact of the 1986 Tax Reform Act on Real Estate
Journal: Real Estate Review
Published Year: 1987
Authors: J. Follain P. Hendershott David Ling

Retail Leasehold Interests: A Contingent Claim Analysis
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1986
Authors: R. Chiang T. Lai David Ling

The Application of At-Risk Rules to Real Estate Investments
Journal: Real Estate Securities Journal
Published Year: 1985
Authors: David Ling

The Likely Impact of the Treasury Tax Reform Plan on Housing
Journal: Quarterly Review of Economics and Finance
Published Year: 1985
Authors: P. Hendershott David Ling

Changes in Real Estate Cost Recovery Periods, Property Values and Real Rents
Journal: Appraisal Journal, The
Published Year: 1985
Authors: P. Hendershott David Ling

Valuing Depreciable Real Estate: A New Methodology
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1985
Authors: M. Whinihan David Ling

The Treasury's Tax Reform Proposal and Housing
Journal: Tax Notes
Published Year: 1985
Authors: P. Hendershott David Ling

Prospective Changes in Tax Law and the Value of Depreciable Real Estate
Journal: Journal of the American Real Estate and Urban Economics Association
Published Year: 1984
Authors: P. Hendershott David Ling

Trading and the Tax Shelter Value of Depreciable Real Estate
Journal: National Tax Journal
Published Year: 1984
Authors: P. Hendershott David Ling
Real Estate Principles: A Value Perspective
Published Year: 2017
Authors: David Ling Wayne Archer

Real Estate Principles: A Value Perspective
Published Year: 2012
Authors: Wayne Archer David Ling

Real Estate Principles: A Value Perspective 3rd Edition
Published Year: 2010
Authors: Wayne Archer David Ling
Warrington Directory