Real Estate

  • Introduction
  • Research
  • Academic Programs
  • Contact Information

  • Introduction
    The real estate industry has a profound economic impact on every country in the world. The industry influences every business, and understanding and effectively using real estate is a key dimension for success.

    Given real estate's pervasive impact on public and business sectors, its study plays an important role in understanding concepts and issues to make crucial business decisions and create effective public policy. Wharton's Real Estate Department seeks to produce sophisticated professionals with the necessary skills to succeed in the business world but who also have a broader perspective on the issues involved in creating and maintaining living and working environments. Relevant issues that department faculty examine include finance, investments, production, operations, development law, design, environmental remediation, public policy, economic market analysis, and architecture.


    Research
    The department is closely involved with the Samuel Zell and Robert Lurie Real Estate Center, conducting research in critical issues affecting all aspects of the industry. Major areas of faculty research focus include:

    • Housing policy
    • Local public finance and urban economics
    • The financial performance of commercial real estate
    • The impact of global restrictions on urban areas
    • Racial disparities in home loan mortgage markets
    • Homeownership affordability
    • New financial vehicles for real estate companies
    • Equity REIT analysis


    Academic Programs
    U.S. News and World Report has repeatedly ranked Wharton's real estate MBA program as the top in the nation.

    The Real Estate Department offers concentrations in real estate at three levels:

    Required courses focus on real estate law, finance, and development, while electives allow students to explore a variety of issues related to the industry. The department has developed curricula at the undergraduate and master's levels that thoroughly explore important areas of the practice of real estate and expose students to the frontiers of research.


    Contact
    For further information about the Wharton Real Estate Department, please contact:

    Real Estate Department (website)
    The Wharton School
    University of Pennsylvania
    1400 Steinberg Hall-Dietrich Hall
    3620 Locust Walk
    Philadelphia, PA 19104-6302
    215.898.9687 phone
    215.573.2220 fax

    Faculty

    Acting Chairperson

    Gyourko, Joseph E.

    Professors
    Gyourko, Joseph E.
    Linneman, Peter D.
    Phillips, Georgette C.
    Wachter, Susan M.

    Associate Professors
    Sinai, Todd

    Assistant Professors
    Ferreira, Fernando V.
    Saiz, Albert
    Wong, Grace

    Faculty With Secondary Appointments in the Department
    Wharton Faculty
    Inman, Robert (Finance)
    Pack, Janet R. (Business and Public Policy)

    University Faculty
    Knoll, Michael
    Madden, Janice F.
    Rybczynski, Witold
    Sagalyn, Lynne B.

    Emeritus Faculty
    Guttentag, Jack M.
    Summers, Anita A.