Associate Director of research, Center for Real Estate
Professor of Real Estate Finance & Engineering Systems,
DUSP & ESD
Office: MIT Center for Real Estate, Bldg. 9-343
Professor David Geltner has been at MIT since 2002 where he has held the George Macomber Chair and currently is Professor of Real Estate Finance in the Department of Urban Studies & Planning with a joint appointment in the Institute for Data, Systems & Society in MIT’s School of Engineering.
Geltner served as Academic Director of the MIT Center for Real Estate during 2003-08 and from 2008-14 as faculty chair of MIT’s Master of Science in Real Estate Development (MSRED) program. He is the lead author of the most widely-cited real estate investments textbook, “Commercial Real Estate Analysis & Investments”, now in its third edition.
Recipient of the U.S. Pension Real Estate Association’s prestigious Graaskamp Award in 2011 for excellence and influence in real estate investment research, Geltner has served as Academic Advisor to the National Council of Real Estate Investment Fiduciaries (NCREIF), and as Director of MIT’s Commercial Real Estate Data Laboratory which has developed pioneering commercial property price and investment performance indices based on transactions prices (including the Moody’s/RCA CPPI, the NCREIF-based TBI, and the FTSE-NAREIT PureProperty® Indices). Geltner served from 1999-2012 as the External Academic Member of the Real Estate Investment Committee of the State Teachers Retirement System of Ohio (a pension plan sponsor with over $5 billion of directly managed real estate holdings).
Prior to MIT, Geltner was the REEAC Professor of Real Estate in the Finance Department of the College of Business Administration at the University of Cincinnati. He has been teaching graduate level real estate investments and finance since 1989. Geltner received his PhD in 1989 from the Massachusetts Institute of Technology, in the Civil Engineering Department in the field of infrastructure finance & economics. He also has degrees in urban studies from Carnegie-Mellon University and the University of Michigan. A 2006 study published in Real Estate Economics found Geltner to be the most influential academic real estate writer, based on number of citations during 2000-2004 in top academic real estate journals.
Research & Publications
- Characteristics of Depreciation in Commercial and Multi-Family Property
- A Quarterly Transactions-Based Index (TBI) of Institutional Real Estate Investment Performance and Movements in Supply and Demand
- A Simplified Transactions Based Index (TBI) for NCREIF Production
- A New Approach for Constructing Home Price Indices in China: The Pseudo Repeat Sales Model
- Commercial Real Estate and the 1990-91 Recession in the United States
- The Housing Market Effects of Local Home Purchase Restrictions:Evidence from Beijing
- Real Estate Price Indices and Price Dynamics: An Overview from an Investments Perspective
- Commercial Buildings Capital: Consumption in the U.S.