David Geltner

Massachusetts Institute of Technology (MIT)

Professor of Real Estate Finance

77 Massachusetts Avenue

Cambridge, MA 02139

United States

MIT Center for Real Estate

Professor of Real Estate Finance

77 Massachusetts Avenue

Cambridge, MA 02139

United States

  • Massachusetts Institute of Technology (MIT)

  • MIT Center for Real Estate

SCHOLARLY PAPERS

27

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Scholarly Papers (27)

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1.

Recent Drops in Market Liquidity May Foreshadow Major Drops in US Commercial Real Estate Markets

MIT Center for Real Estate Research Paper No. 2
Number of pages: 14 Posted: 20 May 2020 Last Revised: 11 Nov 2020
Dorinth van Dijk, Anne Kinsella Thompson and David Geltner
De Nederlandsche Bank, Massachusetts Institute of Technology (MIT) - Center for Real Estate and Massachusetts Institute of Technology (MIT)
Downloads 897 (37,514)
Citation 5

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Liquidity, Commercial Real Estate, COVID-19, COVID, Coronavirus

2.

Loss Aversion and Anchoring in Commercial Real Estate Pricing: Empirical Evidence and Price Index Implications

Downloads 501 ( 80,002)
Citation 35

Loss Aversion and Anchoring in Commercial Real Estate Pricing: Empirical Evidence and Price Index Implications

Number of pages: 56 Posted: 05 May 2010
Sheharyar Bokhari and David Geltner
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 499 (79,615)
Citation 5

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Behavioral Economics, Real Estate Pricing, Commercial Real Estate, Loss Aversion, Anchoring, Hedonic Price Indices

Loss Aversion and Anchoring in Commercial Real Estate Pricing: Empirical Evidence and Price Index Implications

Real Estate Economics, Vol. 39, Issue 4, pp. 635-670, 2011
Number of pages: 36 Posted: 16 Nov 2011
Sheharyar Bokhari and David Geltner
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 2 (914,379)
Citation 3

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Loss Aversion and Anchoring in Commercial Real Estate Pricing: Empirical Evidence and Price Index Implications

46th Annual AREUEA Conference Paper
Posted: 01 Dec 2010
Sheharyar Bokhari and David Geltner
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)

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3.

A Bayesian Structural Time Series Approach to Constructing Rent Indexes: An Application to Indian Office Markets

Number of pages: 34 Posted: 14 Nov 2017
Sheharyar Bokhari, David Geltner and Alex Van de Minne
Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) and University of Connecticut - School of Business
Downloads 436 (94,252)
Citation 1

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commercial real estate, Bayesian inference, time-varying parameter model, rent index

4.

Is there Super-normal Profit in Real Estate Development?

University of Connecticut School of Business Research Paper No. 19-14, MIT Center for Real Estate Research Paper No. 3
Number of pages: 40 Posted: 05 Sep 2019 Last Revised: 04 Aug 2021
David Geltner, Anil Kumar and Alex Van de Minne
Massachusetts Institute of Technology (MIT), Aarhus University, Department of Economics & Business Economics and University of Connecticut - School of Business
Downloads 432 (95,318)

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Real Estate Development, REITs, Super-normal Profit, Positive NPV, Real Option

5.

Real Estate Price Indices and Price Dynamics: An Overview from an Investments Perspective

Downloads 375 (112,114)

Real Estate Price Indices and Price Dynamics: An Overview from an Investments Perspective

Number of pages: 43 Posted: 21 Dec 2014
David Geltner
Massachusetts Institute of Technology (MIT)
Downloads 375 (111,284)
Citation 4

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Commercial Property, Real Estate, Price Indexing, Price Dynamics, Asset Markets

Real Estate Price Indices and Price Dynamics: An Overview from an Investments Perspective

Annual Review of Financial Economics, Vol. 7, pp. 615-633, 2015
Posted: 11 Dec 2015
David Geltner
Massachusetts Institute of Technology (MIT)

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6.

Riskiness of Real Estate Development: A Perspective from Urban Economics & Option Value Theory

Number of pages: 51 Posted: 28 Jan 2017 Last Revised: 02 Aug 2018
David Geltner, Anil Kumar and Alex Van de Minne
Massachusetts Institute of Technology (MIT), Aarhus University, Department of Economics & Business Economics and University of Connecticut - School of Business
Downloads 365 (115,564)
Citation 3

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Highest and Best Use, Commercial Real Estate, Land Values, Depreciation, Option Value

7.

Considerations in the Design and Construction of Investment Real Estate Research Indices

Journal of Real Estate Research, Vol. 28, No. 4, 2006
Number of pages: 34 Posted: 13 Dec 2006
David Geltner and David C. Ling
Massachusetts Institute of Technology (MIT) and University of Florida - Warrington College of Business Administration
Downloads 316 (134,975)
Citation 1

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real estate indices, appraisal, transactions, indices

8.

Revisions in Granular Repeat Sales Indices

Number of pages: 46 Posted: 12 Aug 2017
Marc Francke, David Geltner, Alex Van de Minne and Bob White
University of Amsterdam - Faculty of Economics and Business (FEB), Massachusetts Institute of Technology (MIT), University of Connecticut - School of Business and Real Capital Analytics (RCA)
Downloads 309 (138,247)
Citation 4

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Commercial Real Estate, Stochastic Volatility, Revisions, Bayesian Repeat Sales

9.

The Effect of Green Retrofitting on US Office Properties: An Investment Perspective

Number of pages: 40 Posted: 30 Aug 2017 Last Revised: 18 Oct 2017
David Geltner, Lucas Moser and Alex Van de Minne
Massachusetts Institute of Technology (MIT), Diener Syz Real Estate and University of Connecticut - School of Business
Downloads 278 (154,153)
Citation 2

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commercial real estate, sustainability, retrofit construction, repeat-sales model, structural time series, green buildings

10.

Real Estate Price Dynamics and the Value of Flexibility

Number of pages: 51 Posted: 14 Jul 2017 Last Revised: 16 Jul 2017
David Geltner and Richard de Neufville
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT) - Center for Real Estate
Downloads 265 (161,818)
Citation 2

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Real estate valuation, Price dynamics, Real options, Real estate development, Flexibility, Simulation

11.

The Dynamics of Liquidity in Commercial Property Markets: Revisiting Supply and Demand Indexes in Real Estate

De Nederlandsche Bank Working Paper No. 583
Number of pages: 34 Posted: 01 Feb 2018 Last Revised: 20 May 2020
Dorinth van Dijk, David Geltner and Alex Van de Minne
De Nederlandsche Bank, Massachusetts Institute of Technology (MIT) and University of Connecticut - School of Business
Downloads 262 (163,679)
Citation 2

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Liquidity, Commercial real estate, Bayesian repeat sales price index, Equilibrium dynamics, Constant liquidity index

12.

Estimating Commercial Property Fundamentals from REIT data

MIT Center for Real Estate Research Paper No. 21/11
Number of pages: 45 Posted: 07 Jul 2021 Last Revised: 01 Nov 2021
David Geltner, Anil Kumar and Alex Van de Minne
Massachusetts Institute of Technology (MIT), Aarhus University, Department of Economics & Business Economics and University of Connecticut - School of Business
Downloads 219 (194,576)

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Real Estate Price Indices, Commercial Real Estate, REITs, Structural Time Series Modelling, Bayesian Inference, Real Estate Operating Statistics, Capital Expenditures, Operating Income and Expense

13.

Forecasting US Commercial Property Price Indexes Using Dynamic Factor Models

Number of pages: 36 Posted: 24 Mar 2018
Alex Van de Minne, Marc Francke and David Geltner
University of Connecticut - School of Business, University of Amsterdam - Faculty of Economics and Business (FEB) and Massachusetts Institute of Technology (MIT)
Downloads 209 (203,138)
Citation 1

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Structural Time Series, EM Algorithm

14.

Characteristics of Depreciation in Commercial and Multi-Family Property: An Investment Perspective

Number of pages: 49 Posted: 11 Jul 2014 Last Revised: 26 Jan 2016
Sheharyar Bokhari and David Geltner
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 202 (209,620)
Citation 8

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Commercial Property, Depreciation, Capital Consumption, Real Estate Investment

15.

Estimating Real Estate Price Movements for High Frequency Tradable Indexes in a Scarce Data Environment

Downloads 150 (270,033)

Estimating Real Estate Price Movements for High Frequency Tradable Indexes in a Scarce Data Environment

Number of pages: 37 Posted: 09 Jan 2009 Last Revised: 07 Apr 2010
Sheharyar Bokhari and David Geltner
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 150 (270,820)
Citation 11

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Real Estate price Indexes, Frequency-Conversion, Transactions-Based-Index Estimation, Derivatives

Estimating Real Estate Price Movements for High Frequency Tradable Indexes in a Scarce Data Environment

Journal of Real Estate Finance and Economics, Vol. 45, No. 2, 2012
Posted: 31 Aug 2012 Last Revised: 31 Jan 2018
Sheharyar Bokhari and David Geltner
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)

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Real estate price indexes, Frequency-conversion, Transactions-based-index estimation, Derivatives, Noise filter

16.

System Dynamics Modeling of Chinese Urban Housing Markets for Pedagogical and Policy Analysis Purposes

Downloads 107 (346,576)

System Dynamics Modeling of Chinese Urban Housing Markets for Pedagogical and Policy Analysis Purposes

Number of pages: 45 Posted: 03 May 2015 Last Revised: 31 Jul 2017
Xin Zhang, David Geltner and Richard de Neufville
MIT Engineering Systems Division, Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT) - Center for Real Estate
Downloads 107 (348,882)

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Housing Markets, China, System Dynamics, Real Estate, Pedagogy, Policy Analysis, Urban Economics

System Dynamics Modeling of Chinese Urban Housing Markets for Pedagogical and Policy Analysis Purposes

Journal of Real Estate Finance and Economics, Vol. 57, No. 3, 2018
Posted: 27 Oct 2018
Xin Zhang, David Geltner and Richard de Neufville
MIT Engineering Systems Division, Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT) - Center for Real Estate

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Chinese Housing Market, System Dynamics Analysis, Housing System, Housing Price Simulation, Housing Bubble

17.

A New Approach for Constructing Home Price Indices in China: The Pseudo Repeat Sales Model

Number of pages: 34 Posted: 09 Aug 2012
Xiaoyang Guo, Xiaoyang Guo, Siqi Zheng, David Geltner and Hongyu Liu
Institute of Real Estate StudiesMassachusetts Institute of Technology (MIT) - Center for Real Estate, Samuel Talk Lee Professor of Urban and Real Estate Sustainability, Faculty Director of MIT Center for Real Estate, Massachusetts Institute of Technology (MIT) and Tsinghua University - Institute of Real Estate Studies
Downloads 94 (376,986)
Citation 2

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Residential Price index, repeat sale, hedonic, pseudo repeat sale index, matching, rapid urbanization, Chinese house prices

18.

Cash Flow Performance of Fannie Mae Multifamily Real Estate: Evidence from Repeated NOI and EGI Indices

Journal of Real Estate Finance and Economics, Forthcoming, Kelley School of Business Research Paper No. 15-55
Number of pages: 48 Posted: 22 Jul 2015
Xudong An, Jeffrey D. Fisher and David Geltner
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Indiana University - Kelley School of Business - Department of Finance and Massachusetts Institute of Technology (MIT)
Downloads 55 (503,065)
Citation 1

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19.

Commercial Buildings Capital Consumption and the United States National Accounts

Number of pages: 50 Posted: 16 Jun 2016
Sheharyar Bokhari and David Geltner
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 50 (524,580)
Citation 5

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Commercial Buildings, Capital Consumption, Depreciation, Land Value

20.

The Income Tax Penalty on Rental vs Owner-Occupied Housing: An Argument for Apartment Rent Tax Exemption

Number of pages: 25 Posted: 28 Mar 2015
David Geltner
Massachusetts Institute of Technology (MIT)
Downloads 48 (533,532)

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Housing Policy, Tax Policy, Housing Economics, Apartments, Owner-Occupied Housing, Housing Tenure Choice

21.

Characteristics of Depreciation in Commercial and Multifamily Property: An Investment Perspective

Real Estate Economics, Vol. 46, Issue 4, pp. 745-782, 2018
Number of pages: 38 Posted: 14 Nov 2018
Sheharyar Bokhari and David Geltner
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)
Downloads 3 (863,674)
Citation 4

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22.

The 2015 Maastricht-NUS-MIT International Real Estate Finance & Economics Symposium: Editors’ Introduction to the Special Issue

Journal of Real Estate Finance and Economics, Vol. 57, No. 1, 2018
Posted: 27 Aug 2018
Piet M. A. Eichholtz, David Geltner and Seow Eng Ong
University of Maastricht - Limburg Institute of Financial Economics (LIFE), Massachusetts Institute of Technology (MIT) and National University of Singapore (NUS) - Department of Real Estate

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REITs; Real estate rents; Private real estate funds

23.

The Housing Market Effects of Local Home Purchase Restrictions: Evidence Form Beijing

Journal of Real Estate Finance and Economics, Vol. 55, No. 3, 2017
Posted: 06 Nov 2017
Weizeng Sun, Siqi Zheng, David Geltner and Rui Wang
Tsinghua University, Samuel Talk Lee Professor of Urban and Real Estate Sustainability, Faculty Director of MIT Center for Real Estate, Massachusetts Institute of Technology (MIT) and University of California, Los Angeles (UCLA)

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Home purchase restriction; Housing market; Chinese housing policy; Beijing

24.

Do Different Price Points Exhibit Different Investment Risk and Return Commercial Real Estate

https://doi.org/10.3905/jpm.2017.43.6.105
Posted: 28 Jan 2017
David Geltner and Alex Van de Minne
Massachusetts Institute of Technology (MIT) and University of Connecticut - School of Business

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commercial real estate, quantile regression, chained hedonic index, investment property, equilibrium asset pricing, price of risk

25.

Cash Flow Performance of Fannie Mae Multifamily Real Estate: Evidence from Repeated NOI and EGI Indices

Journal of Real Estate Finance and Economics, Vol. 52, No. 4, 2016, Kelley School of Business Research Paper No. 16-34
Posted: 15 Apr 2016
Xudong An, Jeffrey D. Fisher and David Geltner
San Diego State University, Indiana University - Kelley School of Business - Department of Finance and Massachusetts Institute of Technology (MIT)

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Repeated NOI index; Repeated EGI index; Cash flow performance; Multifamily; Fannie Mae; Repeated measures regression (RMR)

26.

Loss Aversion and Anchoring in Commercial Real Estate Pricing: Empirical Evidence and Price Index Implications

Real Estate Economics, 2011
Posted: 10 Sep 2010 Last Revised: 15 Sep 2011
David Geltner and Sheharyar Bokhari
Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology (MIT)

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27.

A Quarterly Transactions-Based Index of Institutional Real Estate Investment Performance and Movements in Supply and Demand

Journal of Real Estate Finance and Economics, Vol. 34, No. 1, 2007
Posted: 11 Oct 2006
Jeffrey D. Fisher, David Geltner and Henry Pollakowski
Indiana University - Kelley School of Business - Department of Finance, Massachusetts Institute of Technology (MIT) and Harvard University - Harvard Graduate School of Design

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