|
 ALFRED L. BLAKE CHAIR OF REAL ESTATE
The endowed Chair of Real Estate was created by the Virginia Realtors Foundation to satisfy the need for increased knowledge in the field of real estate and to keep professionals in this and related fields aware of new approaches to land development, financing, and marketing. The chair is named in memory of the late Alfred L. Blake, Sr., a founder of the Richmond-based firms of Mortgage Investment Corporation and Alfred L. Blake and Sons, Realtors. His son, Alfred, Jr., was instrumental in establishing this chair. The current chair is Dr. David Downs.
Faculty Profile
David H. Downs (Ph.D., University of North Carolina at Chapel Hill) is the Alfred L. Blake Chair Professor of Real Estate in Virginia Commonwealth University's Real Estate and Land Development Program. His research interests include real estate finance and investment, issues relevant to institutional real estate investors and the implications of real estate regulation. Dr. Downs’ articles have appeared in various scholarly journals, including Real Estate Economics, the Journal of Real Estate Finance and Economics and the Journal of Real Estate Research. He has received research grants from the Real Estate Research Institute and currently serves on the editorial board of Real Estate Economics and The Journal of Real Estate Research.
Selected Publications
Capital Distribution Policy and Information Asymmetry: A Real Estate Market
Perspective (with Z.N. Guner and G.A. Patterson), Journal of Real
Estate Finance and Economics, 2000.
Investment
Analysis, Price Formation and Neglected Firms: Does Real Estate Make a
Difference? (with Z.N. Gunter), Real Estate Economics, 2000.
Asymmetric
Information and the Predictability of Real Estate Returns (with M.
Cooper and G. Patterson), Journal of Real Estate Finance and
Economics 20:2, 2000, pp. 225-244.
Monitoring,
Ownership and Risk-Taking: Additional Evidence from the Insurance
Industry (with D.W. Sommer), Journal of Risk and Insurance
66:3, 1999, pp. 477-497.
Real
Estate Securities and a Filter-based, Short-term Trading Strategy
(with M. Cooper and Z.N. Gunter), Journal of Real Estate Research
18:2, 1999, 313-333.
Is the
Information Deficiency in Real Estate Evident in Public Market
Trading? (with Z.N. Gunter), Real Estate Economics 27:3, 1999,
517-541.
Characteristics
of a Full-disclosure, Transaction-based Index of Commercial Real
Estate (with B. Slade), Journal of Real Estate Portfolio Management,
5:1, 1999, pp. 95-104.
Guarantees,
Risk and Insurer Ownership: An Empirical Study of the Option-theoretic
Incentives (with D.W. Sommer), Journal of Banking and Finance.
The Value
in Targeting Institutional Investors: Evidence from the Five-or-Fewer
Rule Change, Real Estate Economics 26:4, 1998, pp. 613-649.
A Test of
the Information in Real Estate Asset Returns, 1997, Real Estate
Economics.
An
Updated Look at the Size of the U.S. Market Real Estate Portfolio
(with D.J. Hartzell and R. Pittman), Journal of Real Estate
Research 9:2, 1994, pp. 197-212.
RealEstate Investment Trusts (with D.J. Hartzell), chapter in The
Handbook of Real Estate Portfolio Management, R.D. Irwin, Inc.,
1995, pp. 597-634.
Working Papers
The
Determinants of Real Estate Asset Allocations for Life Insurers (with
D.W. Sommer), Real Estate Research Institute, RERI, 2000.
Information
Asymmetry in the Property-Liability Insurance Industry (with D.W.
Sommer).
Interest Areas
Real Estate finance and investment
Issues relevant to institutional Real Estate investors
The implications of Real Estate regulation
|
