David C. Ling
Ken and Linda McGurn Professor
Full Professor
Director, Master of Science - Real Estate
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 PolicyReal 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