David Curtis Ling at UF Warrington College of Business

About

David Ling is the McGurn Professor of Real Estate and the Director of the Master of Science in Real Estate (MSRE) program in the Department of Finance at the University of Florida, where he teaches courses in commercial real estate finance and investment at the graduate level. His academic publications have included articles on real estate investment trusts, private commercial real estate investments, performance evaluation, housing policy and economics, and commercial and residential mortgage markets and pricing. Professor Ling’s research has been published in general interest finance journals (Journal of Financial Economics), leading field journals in finance and economics (e.g., Journal of Urban Economics, Journal of Money, Credit and Banking, Journal of Banking and Finance, National Tax Journal), as well as the leading real estate focused journals (e.g., Real Estate Economics, Journal of Real Estate Finance and Economics).

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. He has also edited special issues for Real Estate Economics, Journal of Real Estate Finance and Economics, and the Global Finance Journal. His textbook (co-authored with Wayne Archer) titled Real Estate Principles: A Value Approach (6th ed.) is the most widely used principles of real estate textbook at universities that offer at least a four-year undergraduate degree.

Professor Ling is both a Fellow and faculty member, as well as the ex-Dean (2007- 2016), of the Weimer School of Advanced Studies in Real Estate, a non-profit research and educational institute. Ling is also currently a Fellow and advisory board member of the Real Estate Research Institute, a Fellow of the Royal Institution of Chartered Surveyors (FRICS), and an appointed member of the National Association of Real Estate Investment Trust’s Research Council. He recently completed a three-year (part-time) Fellowship in The Department of Land Economy at the University of Cambridge and has also served as a visiting professor at the University of Reading and the National University of Singapore.

Professor Ling holds an MBA in finance and Ph.D. in real estate and economics from the Ohio State University.

Education

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

Research Interests

Real Estate Finance
Investment and Taxation
Housing Economics and Policy

All Articles

In The News

Last 3 years

Courses Taught

Capstone Sem/App Proj (REE6948)
Intro to Real Estate (REE6045)
Invest Property Analy (REE6395)
Real Estate Analysis (REE3043)
Real Estate Case Stu (REE6935)
Study Tour-Chile (GEB6930)

Last 3 years

Phd Students Advised

Angel Rafael Arroyo — 2021

Last 5 years

Professional Service

Board of Directors, Real Estate Research Institute — 2008 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
Editorial Review Board Member, Real Estate Economics — 1997 to Present
Committee Member, Research Council-National Association of Real Estate Investment Trusts — 2012 to 2019
Editorial Review Board Member, Real Estate Finance — 2015 to 2019
Other, Global Finance Journal — 2018 to 2019
Other, Journal of Real Estate Finance and Economics — 2018 to 2019

Last 5 years

Book Publications

Real Estate Principles: A Value Perspective 6th edition
Status: Published

Published Year: 2020

Authors: David Ling, Wayne Archer
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Last 5 years

Journal Article Publications

Corporate Real Estate Holdings, Firm Value, and Returns: Evidence from a Dynamic Partial Adjustment Model
Status: Working Paper

Authors: Qing Li, David Ling, Qie 'Ellie' Yin
Value Implications of REITing and DeREITing
Status: Accepted

Journal: Journal of Real Estate Finance and Economics

Published Year: 2021

Authors: David Ling, Sugata Ray, Alan Tidwell, Luqi Xu
IPO Underpricing and the Role of Geographic and Asset Diversification: Evidence from US REITs
Status: Accepted

Journal: Real Estate Economics

Published Year: 2021

Authors: David Ling, Gianluca Marcato, Chen Zheng
How Do Institutional Investors React to Geographically Dispersed Information Shocks? A Test Using the COVID-19 Pandemic
Status: In Preparation; Not Yet Submitted

Author: David Ling
Interest Rate, Regulation, and Tax Effects on Commercial Real Estate: Lessons from the Past Half Century
Status: Working Paper

Authors: John Duca, David Ling
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: 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
Private Equity Real Estate Funds: Returns, Risk Exposures, and Persistence
Status: Published

Journal: Journal of Portfolio Management

Published Year: 2019

Authors: Thomas Arnold, David Ling, Andy Naranjo
Asset Growth and Stock Performance: Evidence from REITs
Status: Published

Journal: Real Estate Economics

Published Year: 2019

Authors: David Ling, Joseph Ooi, Ruoran Xu
Asset Location, Timing Ability and the Cross-Section of Commercial Real Estate Returns
Status: Published

Journal: Real Estate Economics

Published Year: 2019

Authors: David Ling, Andy Naranjo, Benjamin Scheick
The Wealth Effects of REIT Property Acquisitions and Dispositions: The Creditors' Perspective
Status: Accepted

Journal: Journal of Real Estate Finance and Economics

Accepted Year: 2018

Authors: Qing Li, David Ling, Masaki Mori, SE Ong
Search Costs, Behavioral Biases, and Information Intermediary Effects
Status: Published

Journal: Journal of Real Estate Finance and Economics

Published Year: 2018

Authors: David Ling, Andy Naranjo, Milena Petrova
Geographic Portfolio Allocations, Property Selection and Performance Attribution in Public and Private Real Estate Markets
Status: Published

Journal: Real Estate Economics

Published Year: 2018

Authors: David Ling, Andy Naranjo, Benjamin Scheick
REIT Leverage and Return Performance: Keep Your Eye on the Target
Status: Published

Journal: Real Estate Economics

Published Year: 2017

Authors: Emanuela Giacomini, David Ling, Andy Naranjo
How Taxes and Required Returns Drove Commercial Real Estate Valuations over the Past Four Decades
Status: Published

Journal: National Tax Journal

Published Year: 2017

Authors: John Duca, Patric Hendershott, David Ling
Waiting to Be Called: The Impact of Manager Discretion and Dry Powder on Private Equity Real Estate Returns
Status: Published

Journal: The Journal of Portfolio Management

Published Year: 2017

Authors: Thomas Arnold, David Ling, Andy Naranjo
There's No Place Like Home: Local Asset Concentration, Information Asymmetries and Commercial Real Estate Returns
Status: Published

Journal: SSRN Electronic Journal

Published Year: 2017

Authors: David Ling, Andy Naranjo, Benjamin Scheick
REIT Leverage and Return Performance: Keep Your Eye on the Target
Status: Published

Journal: Real Estate Economics

Published Year: 2016

Authors: Emanuela Giacomini, David Ling, Andy Naranjo
Credit Availability and Asset Pricing in Illiquid Markets: Evidence from Commercial Real Estate Markets"
Status: Accepted

Journal: Journal of Money, Credit and Banking

Published Year: 2016

Authors: David Ling, Andy Naranjo, Benjamin Scheick
Credit Availability and Asset Pricing Dynamics in Illiquid Markets: Evidence from Commercial Real Estate Markets
Status: Published

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
Status: Accepted

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
Status: Accepted

Journal: Journal of Real Estate Finance and Economics

Accepted Year: 2016

Authors: David Ling, Andy Naranjo, Milena Petrova
No results match your search criteria.

Last 5 years

Textbook Publications

Real Estate Principles: A Value Perspective 5th edition
Status: Published

Published Year: 2017

Authors: David Ling, Wayne Archer
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Contact Details

University of Florida
Warrington College of Business
Finance, Insurance and Real Estate Department
Stuzin Hall 301C

(352) 273-0313

Email

David Curtis Ling

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