Competitive Research Grants

The Real Estate Roundtable, 2015, “The Economic Impact of Repealing or Limiting Section 1031 Like-Kind Exchanges for Real Estate Properties” (with Milena Petrova).

National Association of Real Estate Investment Trusts, 2015, “Performance Attribution: Understanding the Role of MSA Allocations and Property Selection in Public and Private Market Returns” (with Andy Naranjo and Benjamin Scheick).

Real Estate Research Institute, 2014-2015, “Capital Structure Matters: Leverage Effects on REIT Return Performance” (David Ling with Emanuela Giacomini and Andy Naranjo).

National Association of Real Estate Investment Trusts, 2011-2013, “The Dynamics of Returns and Volatility in Public and Private Real Estate Markets” (David Ling with Andy Naranjo).

European Public Real Estate Association, 2012-2013, “Leverage, Volatility, and Returns: A Cross-Country Analysis of Public Real Estate Markets (David Ling with Emanuela Giacomini and Andy Naranjo).

Real Estate Research Institute, 2012-2013, “Search Costs and Behavioral Biases in Commercial Real Estate Pricing: Why Do Distant Buyers Pay More than Local Buyers?” (David Ling with Andy Naranjo and Milena Petrova).

Fannie Mae, 2011-2012, “The Performance of Fannie Mae’s Multifamily Loan Portfolio (David Ling with Wayne Archer).

Real Estate Research Institute, 2010-2011, “Funding Constraints and Commercial Real Estate Pricing Spirals” (Andy Naranjo and Benjamin Scheick and David Ling).

Real Estate Research Institute, 2009-2010, “The Differential Effects of Investor Sentiment in Public and Private Commercial Real Estate Markets” (Andy Naranjo and Benjamin Scheick and David Ling).

Real Estate Research Institute, 2008-2009, “Differences in Acquirer Motivations, Announcement Effects, Target Characteristics, and Financing in Private versus Public Acquisitions: The Case of REITs” (David Ling with Melina Petrova).

Real Estate Research Institute, 2007-2008, “Real Estate Capital Flows, Investor Sentiment, and Asset Pricing” (Jim Clayton, David Ling, and Andy Naranjo).

National Association of Homebuilders, 2006, “Report on the President’s Advisory Panel on Federal Tax Reform: The Likely Impacts of Proposed Changes to the Tax Treatment of Owner-Occupied Housing” (David Ling and Gary McGill).

Real Estate Research Institute, 2005-2006, “The Dynamics of Capital Flows and Property Returns: A Disaggregated Analysis of Metropolitan Areas and Property Types” (David Ling, Jeff Fisher and Andy Naranjo).

Real Estate Research Institute, 2004-2005, “Portfolio Management Intensity and Performance Implications: An International Empirical Investigation” (David Ling, Dirk Brounen and Piet Eichholtz).

International Council of Shopping Centers, 2004-2005, “Do Real Estate Ownership and Leasing Decisions Affect a Non-Real Estate Firm’s Stock Market Risk and Return?” (David Ling, Andy Naranjo and Mike Ryngaert).

Real Estate Research Institute, 2003-2004, “Dedicated and Non-Dedicated Mutual Fund Flows and REIT Performances” (David Ling and Andy Naranjo).

Real Estate Research Institute, 2002-2003, “The Dynamics of REIT Capital Flows and Returns” (David Ling and Andy Naranjo).

Homer Hoyt Institute, 2002-2003, “The Dynamics of REIT Capital Flows and Returns” (David Ling and Andy Naranjo).

Real Estate Research Institute, 2000-2001, “Benchmarking Commercial Real Estate” (David Ling and D. Geltner).

Real Estate Research Institute, 1999-2000, “Commercial Real Estate Return Performance: A Multi-Beta, Cross-Country Analysis” (David Ling and A. Naranjo).

Florida Real Estate Commission, 1999, “Real Estate Price Trends: Market Forecasts and Sector Comparisons” (Dean Gatzlaff and David Ling).

Real Estate Research Institute, 1998-1999, “Estimating Returns on Commercial Real Estate: A New Methodology Using Latent Variable Models” (David Ling, Andy Naranjo and M. Nimalendran).

Florida Association of Realtors, 1997, “The State of Florida’s Housing” (W. Archer, D. Gatzlaff, D. Ling, G. Smersh, and M. Smith).

Fannie Mae Foundation, 1997-98, “The Credit Risk of Multifamily Housing” (David Ling).

Florida Real Estate Commission, 1996, “Housing Affordability in Florida” (David Ling, Greg Smersh and M. Smith).

Florida Real Estate Commission, 1996, “Explaining and Forecasting Florida House Price Trends” (Dean Gatzlaff and David Ling).

Florida Association of Realtors, 1996, “The Importance of Real Estate in the Florida Economy” (David Ling, G. Smersh and M. Smith).

Real Estate Research Institute, 1995-1996, “An Analysis of the Linkages Between Macroeconomic Events and Commercial Real Estate Returns,” (D. Ling and A. Naranjo).

Florida Real Estate Commission, 1995, “The State of Florida’s Housing” (D. Ling and M. Smith).

Florida Real Estate Commission, 1994-95, “Single-Family Housing Price Indices For the Major Metropolitan Areas of the State of Florida” (D. Ling, W. Archer and Dean Gatzlaff).

Real Estate Research Institute, 1994-1995, “REIT Initial Public Offerings: Evidence on Initial Underpricing and After-Market Performance” (D. Ling and M. Ryngaert).

Florida Real Estate Commission, 1993-94, “Measuring the Importance of Location on Residential House Price Appreciation” (D. Ling, W. Archer and Dean Gatzlaff).

National Association of Realtors Research Division, 1992-1993, “Do Taxes Affect Household Mortgage Decisions?” (D. Ling and G. McGill).

National Association of Realtors Research Division, 1991, “Adding Cash Flow Uncertainty to Real Estate Valuation Models: An Application to the Analysis of Passive Loss Restrictions” (David Ling).

Federal National Mortgage Association’s Office of Housing Policy Research, 1991, “Home Owner Tax Preferences and Tax Equity: A Refined Model and Analysis” (D. Ling and G. McGill).

National Association of Realtors Research Division, 1991, “Analyzing the Capitalization of Tax Benefits Into Income Property Rents and Values: A Refined Methodology” (David Ling).

Florida Real Estate Commission, 1992, “Home Ownership and the Tax Reform Act of 1986: A Silent Attack on the Mortgage Interest Deduction” (David Ling).