Kelley A. Bergstrom Center research
A foundation of research
The Kelley A. Bergstrom Center is a vibrant intellectual hub — known for its faculty and their stellar intellectual output all of which contribute to what can only be called a cornerstone of the Warrington College of Business community.
The center’s research focuses on the trends and future of real estate. Affiliated faculty publish their works in the center’s magazine, as well as in various journals, books and other publications. Faculty also present their works at conferences and workshops around the country to showcase the expertise and thought leadership of the center.
Applied research
Due Diligence is Warrington’s premiere real estate publication, dedicated to keeping a pulse on Florida’s ever-evolving market through research. Published each semester the magazine provides insights and data-driven reports relevant to the industry.
Bill Hughes, “U.S. Economy and Real Estate Trends,” Florida Department of Revenue, professional training, virtual presentation, April 12, 2023
Bill Hughes, “U.S. Economy and Real Estate Trends,” Florida Department of Revenue, annual educational conference, Orlando, Feb. 2, 2023
Tim Becker, “County Planning and Land Use Decisions: Impacts to Public and Private Interests,” Advanced County Commissioner Training, Florida Association of Counties, University of Florida TREEO Center, Gainesville, Jan. 23, 2023
Bill Hughes, “Performance Reporting and Manager Evaluation,” National Council of Real Estate Investment Fiduciaries (NCREIF) Academy, Orlando, Nov. 14, 2022
Tim Becker, “Positioning Real Estate Centers and Programs for Long-term Success,” Leadership Conference and Research Symposium, American Real Estate Society, University of San Diego, San Diego, Nov. 11, 2022
Tim Becker, “Today’s Career Services, Resources and Advising,” Leadership Conference and Research Symposium, American Real Estate Society, University of San Diego, San Diego, Nov. 11, 2022
Tim Becker, “Benchmarking: Program Outcomes and Visibility,” Leadership Conference and Research Symposium, American Real Estate Society, University of San Diego, San Diego, Nov. 10, 2022
Bill Hughes, “Investment Analysis and Due Diligence,” NCREIF Academy, virtual course, Oct. 3-6, 2022
Tim Becker, “County Planning and Land Use Decisions: Impacts to Public and Private Interests,” Annual Conference of the Florida Association of Counties, Florida Association of Counties, Hyatt Regency, Orlando, June 30, 2022
Bill Hughes, “U.S. Economy and Real Estate Trends,” Florida Chapter of the International Association of Assessors, annual conference, Ft. Lauderdale, April 27, 2022
Tim Becker, “Retail in Florida,” ULI Retail Development Florida Product Council, Urban Land Institute, Winter Park, Florida, March 22, 2022Tim Becker, “Government-imposed Financial Obligations and Real Estate Development,” Advanced County Commissioner Leadership Class, Florida Association of Commissioners, University of Florida TREEO Center, Gainesville, Jan. 28, 2022
Affiliate faculty
At the Bergstrom Center, faculty and affiliates advance the real estate field through their applied research, thought leadership, papers and books.
Wayne Archer
Professor Emeritus of Real Estate
Qing Li
Clinical Assistant Professor of Finance and Real Estate
David Ling
Ken and Linda McGurn Professor of Real Estate and Director of the Master of Science in Real Estate program
Steve Martin
Clinical Assistant Professor of Real Estate
Changcheng Song
Associate Professor
Scholarly Activities
Wayne Archer and David Ling are the authors of “Real Estate Principles: A Value Approach,” The book is the leading publication in the field, having been adopted by over 250 universities, at last count. It is in its sixth edition.
How Do Institutional Investors React to Local Shocks During a Crisis? A Test Using the COVID-19 Pandemic
Status: Accepted
Journal: Real Estate Economics
Authors: David Ling, Yan Lu, Sugata Ray
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
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
IPO Underpricing and the Role of Geographic and Asset Diversification: Evidence from US REITs
Status: Published
Journal: Real Estate Economics
Year published: 2022
Authors: David Ling, Gianluca Marcato, Chen Zheng
Commercial Property Market at a crossroads: The impact of COVID-19 and the Implications to Future Cities
Journal: Sustainability
Status: Published
Published Year: 2022
Authors: Yijia Wen, Li Fang, Qing Li[CB1]
Private Equity Real Estate Fund Performance: A Comparison to Listed REITs and Open-end Core Funds
Status: Published
Journal: Journal of Portfolio Management
Year published: 2021
Authors: David Ling, Andy Naranjo, 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
Homeownership and Taxes: How the TCJA Altered the Tax Code’s Treatment of Housing
Status: Published
Journal: Real Estate Economics
Published year: 2021
Authors: Brent Ambrose, Patric Hendershott, David Ling, Gary McGill
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
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[CB2] [CB3]
Institutional Common Ownership, Motivated Investors and Firm Value: Evidence from Real Estate Investment Trusts[CB4]
Status: Published
Journal: Real Estate Economics
Published year: 2021
Authors: David Ling, Chongyu Wang, 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 Wang, Tingyu Zhou
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 and Tingyu Zhou
The Wealth Effects of REIT Property Acquisitions and Dispositions: The Creditors’ Perspective
Status: Published
Journal: Journal of Real Estate Finance and Economics
Published Year: 2018
Authors: Qing Li, David Ling, Masaki Mori, SE Ong[CB5]
David Ling, “Explaining the Continued LP Demand for Closed-End PERE Funds (Given Their Relatively Poor Performance),” Pension Real Estate Association, fall meetings, Seattle, March 22, 2023
David Ling, “Have Private Equity Real Estate Funds Outperformed Public Market Benchmarks? (The Answer is No!),” keynote speaker, 29th Pacific Rim Real Estate Society (PRRES) Conference, Sydney, Australia, Jan. 15-17, 2023
David Ling, “The Need for Speed: Internet Infrastructure Location and Real Asset Values,” American Real Estate and Urban Economics Association, annual meeting, New Orleans, Jan. 5-8, 2023
David Ling, “Discussion: Does Putting All Your Eggs in One Basket Add Value?,” 2022 Real Estate Research Institute Conference, Chicago, May 3, 2022
David Ling, “The Need for Speed: Internet Infrastructure Location and Real Asset Values,” Université Laval, Québec, Canada, April 22, 2022
David Ling, “Have Private Equity Real Estate Funds Outperformed Public and Private Market Benchmarks? (The Answer is No!),” keynote address, 5th Hospitality Finance & Economics Conference, Lausanne, Switzerland, July 1, 2021
David Ling, The Real Estate Roundtable, 2020, “The Economic Impact of Repealing or Limiting Section 1031 Like-Kind Exchanges for Real Estate Properties: An Update” (with Milena Petrova), $70,000.
David Ling, National Association of Real Estate Investment Trusts, 2019-2020, “Commercial Real Estate Return Performance: Listed REITs versus Private Equity Real Estate Fund Performance” (with Thomas Arnold and Andy Naranjo), $50,000.
David Ling, Real Estate Research Institute, 2018-2019, “Local Information Diffusion and Commercial Real Estate Returns: Understanding the Productivity of a Firm’s Asset Base (with Chongyu Wang and Tingyu Zhou), $15,000.
David Ling, Real Estate Research Institute, 2017-2018, “Private Equity Real Estate Funds: Returns, Risk Exposures, Persistence and the Validity of GP Reported Interim Results,” (with Tom Arnold and Andy Naranjo), $15,000.