The Pennsylvania State University Smeal College of Business

Abrose Named to Editorial Board of Real Estate Journal

Ambrose Named to Editorial Board of Real Estate Journal, Continues Long History of Penn State Representation

Brent Ambrose, Smeal Professor of Risk Management and director of the Institute for Real Estate Studies (IRES) in the Penn State Smeal College of Business, is one of three newly selected editors of Real Estate Economics, a publication of the American Real Estate and Urban Economics Association (AREUEA) and the leading academic journal devoted to real estate related topics.  Ambrose, along with Sumit Argawal and Abdullah Yavas, will take over editorial duties on January 1, 2015. Argawal is an associate professor at the National University of Singapore. Yavas is the Department Chair of Real Estate at the University of Wisconsin-Madison’s Wisconsin School of Business and previously held the position of research director of Smeal’s IRES.  Smeal faculty in real estate have a long history of leadership in AREUEA and as editors of Real Estate Economics, according to Austin Jaffe, who leads Smeal’s Department of Risk Management.  “Penn State is one of a small handful of universities that have had multiple faculty members serve as president and/or editor of the AREUEA and Real Estate Economics,” said Jaffe.  Ken Lusht, professor emeritus of business administration in the Department of Risk Management, served as president in 1987, Jaffe served as president in 1994, and Ambrose was president in 2010.  Edward Coulson, professor of business economics and King Fellow in Real Estate, is one of the outgoing editors of Real Estate Economics, along with Cornell University’s Crocker Liu and the Massachusetts Institute of Technology’s Walter Torous.  Ambrose, also the director of Ph.D. programs in Smeal, specializes in real estate finance, corporate finance, and fixed income security analysis. He earned his B.S. in business from Wake Forest University in 1986 and an MBA in finance and Ph.D. in real estate from the University of Georgia in 1987 and 1989, respectively.  AREUEA is a nonprofit association that serves the need for information and analysis in the fields of real estate, planning, and economics. Its journal, Real Estate Economics, is published quarterly and contains research and scholarly studies of current and emerging real estate issues.

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