2023 Pre-WFA Summer Real Estate Research Symposium
Hyatt Regency San Francisco
June 24th – June 25th, 2023

Registration is now open! Details can be found at the event website.


Saturday, June 24th
6:00 pm – Reception
7:00 pm – Dinner

Sunday, June 25th
7:30 am – Breakfast

9:00 am – 10:30 am: Session I – Housing, Mortgage, and Labor Market

Troup Howard, Mengqi Wang, and Dayin Zhang
How Do Labor Shortages Affect Residential Construction and Housing Affordability?
Presenter: Dayin Zhang, University of Wisconsin-Madison
Discussant: Darren Aiello, Brigham Young University

Julia Fonseca and Lu Liu
Mortgage Lock-In, Mobility, and Labor Reallocation
Presenter: Lu Liu, University of Pennsylvania
Discussant: Lu Han, University of Wisconsin-Madison

10:30 am – 11:00 am: Coffee Break

11:00 am – 12:30 pm: Session II – Commercial Mortgages and CMBS

Simon Firestone, Nathan Godin, Akos Horvath, and Jacob Sagi
Risk Perception and Loan Underwriting in Securitized Commercial Mortgages
Presenter: Jacob Sagi, University of North Carolina at Chapel Hill
Discussant: Chester Spatt, Carnegie Mellon University

Sean Flynn, Andra Ghent, and Alexei Tchistyi
The Imitation Game: How Encouraging Renegotiation Makes Good Borrowers Bad
Presenter: Alexei Tchistyi, Cornell University
Discussant: Rohan Ganduri, Emory University

12:30 pm – 2:00 pm – Lunch

2:00 pm – 3:15 pm: Session III – Lightning Round

2:00 pm – 2:15 pm
Caitlin Gorback and Gregor Schubert
The Impact of Cultural Preferences on Homeownership
Presenter: Caitlin Gorbak, University of Texas at Austin

2:20 pm – 2:35 pm
Blake Jackson, David Ling, and Andy Naranjo
Catering and Return Manipulation in Private Equity
Presenter: Blake Jackson, University of Florida

2:40 pm – 2:55 pm
Li Ma and Yildiray Yildirim
High Temperature, Climate Change, and Real Estate
Presenter: Yildriray Yildirim, Baruch College, City University of New York

3:00 pm – 3:15 pm
Christophe Spaenjers, and Eva Steiner
Specialization and Performance in Private Equity: Evidence from the Hotel Industry
Presenter: Eva Steiner, Penn State University

3:15 pm – 3:45 pm: Coffee Break

3:45 pm – 4:30 pm: Session IV – Commercial Real Estate and Real Options

Soon Hyeok Choi, Robert Jarrow, Daniel Lebret, and Crocker Liu
Pricing the Upside Potential to Downside Risk
Presenter: Soon Hyeok Choi, Rochester Institute of Technology
Discussant: Timothy Riddiough, University of Wisconsin-Madison


For more information, please email [email protected].