Brent W. Ambrose
Professor of Real Estate
Dr. Ambrose is the Jason and Julie Borrelli Faculty Chair in Real Estate, Professor, Director of the Borrelli Institute for Real Estate Studies, and Director of the Smeal College Ph.D. Program at the Pennsylvania State University Smeal College of Business. Prior to joining Penn State University, he held faculty appointments at the University of Kentucky, and the University of Wisconsin-Milwaukee. From 1997 to 1998, he was a Visiting Associate Professor and Research Fellow at the University of Pennsylvania Wharton School of Business and a Visiting Economist with the US Department of Housing and Urban Development in 1991. In 2010, Dr. Ambrose was elected President of the American Real Estate and Urban Economics Association (AREUEA). In 2016, he received AREUEA’s George Bloom Award for outstanding contributions to the field of real estate academics. He is a Faculty member and Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics at the Homer Hoyt Advanced Studies Institute, a Fellow of the Real Estate Research Institute, and in 2006 was appointed a Fellow of the FDIC Center for Financial Research. Dr. Ambrose is Editor-in-Chief of the Journal of Real Estate Finance and Economics was co-editor of Real Estate Economics from 2015 to 2020. He is also a member of the advisory board of the Real Estate Research Institute. Dr. Ambrose has published over 75 refereed articles in the fields of real estate and finance. His work appears in The Journal of Finance, The Review of Economics and Statistics, The Review of Financial Studies, The Journal of Money Credit and Banking, The Journal of Financial Intermediation, The Journal of Real Estate Finance and Economics, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, Real Estate Economics, Review of Finance, Regional Science and Urban Economics, Journal of Urban Economics, Journal of Macroeconomics, and Journal of Housing Economics. He also co-edited Household Credit Usage: Personal Debt and Mortgages, published by Palgrave/MacMillian. According to Google Scholar, his work has generated over 5,000 citations and Research Papers in Economics (RePEc) places him in the top fifth percentile for economic research impact and productivity.[1] Dr. Ambrose specializes in real estate finance, corporate finance, and fixed income security analysis. His research interests include issues related to Real Estate Investment Trusts (REITs), loss mitigation programs associated with mortgage default and foreclosure, Government Sponsored Enterprises (GSEs), fixed-income securities, and consumer credit contracts. He has consulted with the U.S. Department of Housing and Urban Development, the U.S. Department of the Treasury, and the Congressional Budget Office on several occasions regarding issues concerning FHA mortgage default and foreclosure, economically targeted assets, privatization of Fannie Mae and Freddie Mac, and the GSEs’ affordable housing goals. He holds a Ph.D. and M.B.A. from the University of Georgia and a B.S. in Business from Wake Forest University. [1] As of September 6, 2021 and based on data from 62,679 authors worldwide. (http://repec.org/)
Expertise
Real Estate Finance.
Education
Ph D in Real Estate, The University of Georgia, College of Business, Athens, GA, 1989-08-01 MBA in Real Estate, The University of Georgia, College of Business, Athens, GA, 1987-06-01 BS in Business, Wake Forest University, College of Business, Winston-Salem, NC, 1986-05-01
Courses Taught
B A 596 – Individual Studies
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.
BA 595 – Internship
Supervised off-campus, nongroup instruction, including field experiences, practicums, or internships. Written and oral critique of activity required.
FIN 470 – R Est and Cap Mkts
Analysis of publicly-traded real estate of both the equity, (REITs) and debt (MBSs) sides. The course also provides international perspectives.FIN 470 / RM 470 Real Estate and Capital Markets (3) The objectives of this course are to expose the student and explore the issues associated with the analysis of "public" ("Wall Street") real estate, including both equities (such as Real Estate Investment Trusts or REITs) and debt vehicles (such as Mortgage-Backed Securities or MBSs). In addition, the course will focus on the increasingly globalization of real estate capital markets as the real estate sector becomes integrated into the global financial system. The differences between private and public real estate analysis will also be explored, including the suitability of traditional asset pricing models for real estate analysis. Topics include the growing impact of institutional real estate forces on the real estate sector, the use of modern financial economics methods to real estate including the concept of market efficiency, modern portfolio theory applications, market measures of risk and return, the use of option-based models, and other advances. The rise of Wall Street's interest in real estate securities is an important institutional development and serves as the underlying background for the analysis of MBSs using fixed-income security techniques. As globalization has spread, the real estate sector has moved with these changes and prospects for a global real estate market are examined and evaluated. This course serves as a compliment to FIN 460, which emphasizes traditional financial analyses of individual real estate projects. In FIN 470, real estate securities are viewed as a natural extension towards the complete integration of real estate and capital markets. In this sense, these courses will enable traditional and modern analyses of the real estate sector for years to come.
FIN 470 – Real Estate and Capital Markets
Analysis of publicly-traded real estate of both the equity, (REITs) and debt (MBSs) sides. The course also provides international perspectives.
FIN 494H – Research Projects (H)
Supervised student activities on research projects identified on an individual or small-group basis.
FIN 597 – Special Topics
Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.
R EST 420 – Analysis of Real Estate Markets
Historical performance, land use issues, market valuation, real estate development, public policy issues.
R EST 570 – Institutional Real Estate Investment
A survey of the latest developments of real estate as an institutional investment.
R EST 596 – Individual Studies
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall ouside the scope of formal courses.
R EST 597A – Special Topics in Real Estate (A)
This course will survey readings in the modern theory of real estate and finance.
R EST 597B – Real Estate Research (B)
This will be an advanced course in Real Estate for Ph D students.
R EST 600 – Thesis Research
R EST 601 – Ph.D. Dissertation Full-Time
R M 494H – Honors Research Project (H)
Supervised honor student research projects identified on an individual or small-group basis.
R M 496 – Independent Studies
Creative Projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.
REST 570 – Institutional REST Investment
A survey of the latest developments of real estate as an institutional investment.
REST 590 – COLLOQUIUM
Continuing seminars that consist of a series of individual lectures by faculty, students, or outside speakers.
REST 596 – Individual Studies
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall ouside the scope of formal courses.
REST 597 – Special Topics
Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.
REST 890 – Colloquium
Continuing, professionally oriented seminars that consist of a series of individual lectures by faculty, students, or outside speakers.
RM 470 – R Est and Cap Mkts
Analysis of publicly-traded real estate of both the equity, (REITs) and debt (MBSs) sides. The course also provides international perspectives.FIN 470 / RM 470 Real Estate and Capital Markets (3) The objectives of this course are to expose the student and explore the issues associated with the analysis of "public" ("Wall Street") real estate, including both equities (such as Real Estate Investment Trusts or REITs) and debt vehicles (such as Mortgage-Backed Securities or MBSs). In addition, the course will focus on the increasingly globalization of real estate capital markets as the real estate sector becomes integrated into the global financial system. The differences between private and public real estate analysis will also be explored, including the suitability of traditional asset pricing models for real estate analysis. Topics include the growing impact of institutional real estate forces on the real estate sector, the use of modern financial economics methods to real estate including the concept of market efficiency, modern portfolio theory applications, market measures of risk and return, the use of option-based models, and other advances. The rise of Wall Street's interest in real estate securities is an important institutional development and serves as the underlying background for the analysis of MBSs using fixed-income security techniques. As globalization has spread, the real estate sector has moved with these changes and prospects for a global real estate market are examined and evaluated. This course serves as a compliment to FIN 460, which emphasizes traditional financial analyses of individual real estate projects. In FIN 470, real estate securities are viewed as a natural extension towards the complete integration of real estate and capital markets. In this sense, these courses will enable traditional and modern analyses of the real estate sector for years to come.
RM 494H – Research Project (H)
Supervised honor student research projects identified on an individual or small-group basis.
RM 496 – Indep Studies
Creative Projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.
Selected Publications
Ambrose B. W., Chen Y., Simin T. T. "Firm Location and the Value-Growth Premium" Journal of Empirical Finance, vol. 87, 2026-06-01
Ambrose B. W., Conklin J. N., Coulson N., Diop M., Lopez L. A. "Do Appraiser and Borrower Race Affect Mortgage Collateral Valuation?" Review of Finance, vol. 30, 2026-03-01
Ambrose B. W., Bian X., Chen R., Jiang H. "Rent Control, Rent Overcharge, and Racial Disparity" Real Estate Economics, 2026-03-01
Ambrose B. W., Valentin M. "Federal Tax Policy and the Capitalization of Local Public Goods" Regional Science and Urban Economics, 2025-09-01
Ambrose B. W., Gustafson M., Vallentin M., Ye Z. "Voter-induced Municipal Credit Risk" Management Science, vol. Forthcoming, 2025-05-01
Ambrose B. W., Agarwal S., Lopez L., Xiao X. "Did the Paycheck Protection Program Help Small Businesses? Evidence from Commercial Mortgage-Backed Securities" American Economic Journal: Economic Policy, vol. 16, 2024-01-01
Ambrose B. W., Han Y., Korgaonkar S., Shen Y. L. "Information in Financial Contracts: Evidence from Securitization Agreements" Journal of Financial and Quantitative Analysis, vol. 59, 2024-01-01
Ambrose B. W., Valentin M. "Federal Tax Deductions and the Demand for Local Public Goods" Review of Economics and Statistics, 2023-12-01
Ambrose B. W., Coulson N., Yoshida J. "Housing Rents and Inflation Rates" Journal of Money, Credit and Banking, vol. 55, 2023-06-01
Ambrose B. W., Shen Y. "Past Experiences and Investment Decisions: Evidence from Real Estate Markets" Journal of Real Estate Finance and Economics, vol. 66, 2023-02-01
Ambrose B. W., Agarwal S., Diop M. "Minimum Wages Increases and Eviction Risk" Journal of Urban Economics, vol. 129, 2022-05-01
Ambrose B. W., Steiner E. "Economic Fundamentals, Capital Expenditures and Asset Dispositions" Journal of Real Estate Finance and Economics, vol. 64, 2022-04-01
Ambrose B. W., Hendershott P. H., Ling D. C., McGill G. A. "Homeownership and Taxes: How the TCJA Altered the Tax Code’s Treatment of Housing" Real Estate Economics, vol. 50, 2022-02-01
Agarwal S., Ambrose B. W., Yildirim Y., Zhang J. "Risk Retention Rules and the Issuance of Commercial Mortgage Backed Securities" Journal of Real Estate Finance and Economics, 2021-05-01
Ambrose B. W., Diop M. "Information Asymmetry, Regulations, and Equilibrium Outcomes: Theory and Evidence from the Housing Rental Market" Real Estate Economics, vol. 49, 2021-03-01
Ambrose B. W., Conklin J., Lopez L. "Does Borrower and Broker Race Affect the Cost of Mortgage Credit?" Review of Financial Studies, vol. 34, 2021-01-01
Ambrose B. W., Agarwal S., Yao V. "Can Regulation De-bias Appraisers?" Journal of Financial Intermediation, vol. 44, 2020-10-01
Ambrose B. W., Agarwal S., Yao V. "Lender Steering in Residential Mortgage Markets" Real Estate Economics, vol. 48, 2020-06-01
Ambrose B. W., Mansley N., Fuerst F., Wang Z. "Assessing Size Effects and Economies of Scale in European Real Estate Companies" Global Finance Journal, vol. 42, 2019-11-01
Ambrose B. W., Diop M., Thibodeau M., D'Lima W. "Risk and Performance of Mutual Funds’ Securitized Mortgage Investments" Journal of Real Estate Finance and Economics, vol. 59, 2019-11-01
Ambrose B. W., Emmerling T., Huang H., Yildirim Y. "Capital Structure and the Substitutability versus Complementary Nature of Leases and Debt" Review of Finance, vol. 23, 2019-03-01
Ambrose B. W., Yuan Z. "Pricing Government Credit: A New Method For Determining Government Risk Exposure" Federal Reserve Bank of New York Economic Policy Review, vol. 24, 2018-10-01
Ambrose B. W., Yoshida J., Coulson N. "Reassessing Taylor Rules Using Housing Rent Data" Journal of Macroeconomics, vol. 56, 2018-09-01
Ambrose B. W., Agarwal S. "Evidence of the Effect of Advertising on Home Equity Decisions" Research Handbook on Behavioral Law and Economics, 2018-03-30
Ambrose B. W., Shafer M., Yildirim Y. "The Impact of Tenant Diversification on Spreads and Default Rates for Mortgages on Retail Properties" Journal of Real Estate Finance and Economics, vol. 56, 2018-01-01
Ambrose B. W., Diop M., Yoshida J. "Product Market Competition and Corporate Real Estate Investment under Demand Uncertainty" Real Estate Economics, vol. 45, 2017-10-01
Ambrose B. W., Conklin J. N., Yoshida J. "Credit Rationing, Income Exaggeration, and Adverse Selection in the Mortgage Market" Journal of Finance, vol. 71, 2016-01-01
Agarwal S., Ambrose B. W., Chomsisengphet S., Liu C. "Joint Liability Lending and Credit Risk: Evidence from the Home Equity Market" Journal of Housing Economics, vol. 32, 2016-01-01
Ambrose B. W., D'Lima W. "Real Estate Risk and Hedge Fund Returns" Journal of Real Estate Finance and Economics, vol. 52, 2016-01-01
Ambrose B. W., Coulson N., Yoshida J. "The Repeat Rent Index" Review of Economics and Statistics, vol. 97, 2015-12-01
Ambrose B. W., Yavas A., Sanders A. "Servicers and Mortgage-Backed Securities Default: Theory and Evidence" Real Estate Economics, vol. 44, 2015-08-26
Ambrose B. W., Cordell L., Ma S. "The Impact of Student Loan Debt on Small Business Formation" Federal Reserve Bank of Philadelphia Working Papers, vol. 15-26, 2015-07-01
Ambrose B. W., Case B., Ong S. E. "Introduction to the Special Issue" REAL ESTATE ECONOMICS, vol. 43, 2015-01-01
Agarwal S., Ambrose B. W., Yildirim Y. "The Subprime Virus" REAL ESTATE ECONOMICS, vol. 43, 2015-01-01
Ambrose B. W., Diop M. "Spillover Effects of Subprime Mortgage Originations: The Effects of the Single-family Mortgage Credit Expansion on the Multifamily Rental Market" Journal of Urban Economics, vol. 81, 2014-04-01
Ambrose B. W., Conklin J. N. "Mortgage Brokers, Origination Fees, Price Transparency and Competition" Real Estate Economics, vol. 41, 2014-03-01
Ambrose B. W., Eichholtz P., Lindenthal T. "House Prices and Fundamentals: 355 Years of Evidence" Journal of Money, Credit and Banking, vol. 45, 2013-01-01
Ambrose B. W., King D., Cheng Y. "The Financial Crisis, Temporary Liquidity Guarantee Program, and the Impacts on the Fixed-Income Markets" Journal of Fixed Income, vol. 23, 2013-01-01
Ambrose B. W. "Do Bubbles Always Pop?" Real Estate Research @ Penn State, 2012-01-01
Ambrose B. W., Cai K., Helwege J. "Fallen Angels and Price Pressure" Journal of Fixed Income, vol. 21, 2012-01-01
Ambrose B. W. "Strange Days Indeed" Real Estate Research @ Penn State, 2012-01-01
Ambrose B. W., Buttimer, Jr. R. "The Adjustable Balance Mortgage: Reducing the Value of the Put" REAL ESTATE ECONOMICS, vol. 40, 2012-01-01
Ambrose B. W., Buttimer, Jr R. J. "The Adjustable Balance Mortgage: Reducing the Value of the Put"" Real Estate Economics, vol. 40, 2012-01-01
Agarwal S., Ambrose B. W., Chomsisengphet S., Sanders A. B. "Thy Neighbor’s Mortgage: Does Living in a Subprime Neighborhood Affect One’s Probability of Default?" REAL ESTATE ECONOMICS, vol. 40, 2012-01-01
Agarwal S., Ambrose B. W., Chomsisengphet S., Liu C. "The Role of Soft Information in a Dynamic Contract Setting: Evidence from the Home Equity Credit Market" JOURNAL OF MONEY CREDIT AND BANKING, vol. 43, 2011-06-01
Agarwal S., Ambrose B. W., Huang H., Yildirim Y. "The Term Structure of Lease Rates with Endogenous Default Triggers and Tenant Capital Structure: Theory and Evidence" JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, vol. 46, 2011-04-01
Agarwal S., Ambrose B. W., Chomsisengphet S., Liu C. "The Role of Soft Information in a Dynamic Contract Setting: Evidence from the Home Equity Market" Journal of Money, Credit and Banking, vol. 43, 2011-01-01
Agarwal S., Ambrose B. W., Huang H., Yildirim Y. "The Term Structure of Lease Rates with Endogenous Default Triggers and Tenant Capital Structure: Theory and Evidence" Journal of Financial and Quantitative Analysis, vol. 46, 2011-01-01
Agarwal S., Ambrose B. W., Chomsisengphet S., Sanders A. B. "Thy Neighbor's Mortgage: Does Living in a Subprime Neighborhood Effect One's Probability of Default?" Real Estate Economics, vol. 40, 2011-01-01
Ambrose B. W., Bian X. "Stock Market Information and REIT Earnings Management" Journal of Real Estate Research, vol. 21, 2010-01-01
Ambrose B. W., Bian X. "Stock Market Information and REIT Earnings Management" JOURNAL OF REAL ESTATE RESEARCH, vol. 32, 2010-01-01
Ambrose B. W. "The Home Building Industry: How did we get here?" Real Estate Research@ Penn State, 2010-01-01
Ambrose B. W., Lee D. W. "REIT Capital Budgeting and Equity Marginal q" REAL ESTATE ECONOMICS, vol. 37, 2009-01-01
Ambrose B. W., Lee D. W. "REIT Capital Budgeting and Marginal Q" Real Estate Economics, vol. 37, 2009-01-01
Ambrose B. W. "The 'Current' REIT Paradox" Real Estate Research@ Penn State, 2009-01-01
Ambrose B. W., Yildirim Y. "Credit risk and the term structure of lease rates: A reduced form approach" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 37, 2008-10-01
Ambrose B. W., Peek J. "Credit Availability and the Structure of the Homebuilding Industry" REAL ESTATE ECONOMICS, vol. 36, 2008-01-01
Ambrose B. W., Peek J. "Credit Availability and the Supply of Residential Structures" Real Estate Economics, vol. 36, 2008-01-01
Ambrose B. W., Yildirim Y. "Credit Risk and the Term Structure of Lease Rates: A Reduced Form Approach" Journal of Real Estate Finance and Economics, vol. 37, 2008-01-01
Agarwal S., Ambrose B. W., Chomsisengphet S. "Determinants of Automobile Loan Default and Prepayment" Federal Reserve Bank of Chicago Economic Perspectives, vol. 3Q, 2008-01-01
Ambrose B. W., Cai N., Helwege J. "Forced Selling of Fallen Angels" Journal of Fixed Income, vol. 18, 2008-01-01
Ambrose B. W., Lusht K. "Overview of the Commercial Real Estate Industry" National Association of Real Estate Investment Trusts (NAREIT), 2008-01-01
Agarwal S., Ambrose B. W. Household Credit Usage: Personal Debt and Mortgages, 2007-01-01
Agarwal S., Ambrose B. W., Chomsisengphet S. "ASYMMETRIC INFORMATION AND THE AUTOMOBILE LOAN MARKET" HOUSEHOLD CREDIT USAGE: PERSONAL DEBT AND MORTGAGES, 2007-01-01
Ambrose B. W., Lee D. W., Peek J. "Comovement after joining an index: Spillovers of nonfundamental effects" REAL ESTATE ECONOMICS, vol. 35, 2007-01-01
Agarwal S., Ambrose B. W. "Household Finance and the Financial Decision Making Process." Household Credit Usage: Personal Debt and Mortgages, 2007-01-01
Agarwal S., Ambrose B. W. "HOUSEHOLD FINANCE AND THE FINANCIAL DECISION-MAKING PROCESS" HOUSEHOLD CREDIT USAGE: PERSONAL DEBT AND MORTGAGES, 2007-01-01
Ambrose B. W., Lee D. W., Peek J. "Industry Comovement after Joining an Index: Spillovers of Nonfundamental Effects." Real Estate Economics, vol. 35, 2007-01-01
Ambrose B. W., Boyle P., Cassidy H. J., Yang T. "Mortgage Insurance: An Evaluation of Methods of Determining Capital Requirements." IFE Group White Paper, 2007-01-01
Ambrose B. W., Cassidy H., Yang T. "The Measurement of Mortgage Credit Risk in the United States: Implications for Emerging Mortgage Markets" U.S. Department of Housing and Urban Development, 2007-01-01
Agarwal S., Ambrose B. W., Chomsisengphet S., Liu C. "An empirical analysis of home equity loan and line performance" JOURNAL OF FINANCIAL INTERMEDIATION, vol. 15, 2006-10-01
Agarwal S., Ambrose B., Liu C. "Credit lines and credit utilization" JOURNAL OF MONEY CREDIT AND BANKING, vol. 38, 2006-02-01
Ambrose B., Buttimer R. "GSE impact on rural mortgage markets" REGIONAL SCIENCE AND URBAN ECONOMICS, vol. 35, 2005-07-01
Ambrose B. W. "Forced development and urban land prices" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 30, 2005-05-01
Ambrose B., Sanders A. "Legal restrictions in personal loan markets" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 30, 2005-03-01
Ambrose B., LaCour-Little M., Huszar Z. "A note on hybrid mortgages" REAL ESTATE ECONOMICS, vol. 33, 2005-01-01
Ambrose B., Highfield M., Linneman P. "Real estate and economies of scale: The case of REITs" REAL ESTATE ECONOMICS, vol. 33, 2005-01-01
Ambrose B., Thibodeau T. "Have the GSE affordable housing goals increased the supply of mortgage credit?" REGIONAL SCIENCE AND URBAN ECONOMICS, vol. 34, 2004-05-01
Ambrose B., LaCour-Little M., Sanders A. "The effect of conforming loan status on mortgage yield spreads: A loan level analysis" REAL ESTATE ECONOMICS, vol. 32, 2004-01-01
Ambrose B., Sanders A. "Commercial mortgage-backed securities: Prepayment and default" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 26, 2003-03-01
Ambrose B., Benjamin J., Chinloy P. "Bank and nonbank lenders and the commercial mortgage market" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 26, 2003-01-01
Ambrose B., Kim S. "Modeling the Korean chonsei lease contract" REAL ESTATE ECONOMICS, vol. 31, 2003-01-01
Ambrose B., Warga A. "Measuring potential GSE funding advantages" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 25, 2002-09-01
Ambrose B., King T. "GSE debt and the decline in the treasury debt market" JOURNAL OF MONEY CREDIT AND BANKING, vol. 34, 2002-08-01
Ambrose B., Hendershott P., Klosek M. "Pricing upward-only adjusting leases" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 25, 2002-07-01
Ambrose B., Pennington-Cross A., Yezer A. "Credit rationing in the US mortgage market: Evidence from variation in FHA market shares" JOURNAL OF URBAN ECONOMICS, vol. 51, 2002-03-01
Ambrose B., Buttimer R., Thibodeau T. "A new spin on the jumbo/conforming loan rate differential" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 23, 2001-01-01
Ambrose B., Capone C., Deng Y. "Optimal put exercise: An empirical examination of conditions for mortgage foreclosure" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 23, 2001-01-01
Ambrose B., LaCour-Little M. "Prepayment risk in adjustable rate mortgages subject to initial year discounts: Some new evidence" REAL ESTATE ECONOMICS, vol. 29, 2001-01-01
Ambrose B., Pennington-Cross A. "Local economic risk factors and the primary and secondary mortgage markets" REGIONAL SCIENCE AND URBAN ECONOMICS, vol. 30, 2000-12-01
Ambrose B., Buttimer R. "Embedded options in the mortgage contract" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 21, 2000-09-01
Ambrose B., Capone C. "The hazard rates of first and second defaults" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 20, 2000-05-01
Ambrose B., Ehrlich, SR, Hughes W., Wachter S. "REIT economies of scale: Fact or fiction?" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 20, 2000-03-01
Ambrose B., Goetzmann W. "Risks and incentives in underserved mortgage markets" JOURNAL OF HOUSING ECONOMICS, vol. 7, 1998-09-01
Ambrose B., Capone C. "Modeling the conditional probability of foreclosure in the context of single-family mortgage default resolutions" REAL ESTATE ECONOMICS, vol. 26, 1998-01-01
Ambrose B., Buttimer R., Capone C. "Pricing mortgage default and foreclosure delay" JOURNAL OF MONEY CREDIT AND BANKING, vol. 29, 1997-08-01
Ambrose B., Capone C. "Cost-benefit analysis of single-family foreclosure alternatives" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 13, 1996-09-01
Ambrose B., Benjamin J., Chinloy P. "Credit restrictions and the market for commercial real estate loans" REAL ESTATE ECONOMICS, vol. 24, 1996-01-01
Ambrose B., Warga A. "Pricing effects in Fannie Mae agency bonds" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 11, 1995-11-01
Ambrose B. W., SPRINGER T. "SPATIAL VARIATION OF NONMETROPOLITAN INDUSTRIAL-LOCATION" JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, vol. 7, 1993-07-01
Ambrose B. W., MEGGINSON W. "THE ROLE OF ASSET STRUCTURE, OWNERSHIP STRUCTURE, AND TAKEOVER DEFENSES IN DETERMINING ACQUISITION LIKELIHOOD" JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, vol. 27, 1992-12-01
Ambrose B. W., WINTERS D. "DOES AN INDUSTRY EFFECT EXIST FOR LEVERAGED BUYOUTS" FINANCIAL MANAGEMENT, vol. 21, 1992-01-01
Ambrose B. W., ANCEL E., GRIFFITHS M. "THE FRACTAL STRUCTURE OF REAL-ESTATE INVESTMENT TRUST RETURNS - THE SEARCH FOR EVIDENCE OF MARKET-SEGMENTATION AND NONLINEAR DEPENDENCY" JOURNAL OF THE AMERICAN REAL ESTATE AND URBAN ECONOMICS ASSOCIATION, vol. 20, 1992-01-01
Ambrose B. W., MONE M. "A TEST OF THE EFFICIENCY OF PARAMETER-ESTIMATION FROM CROSS-SECTION TIME-SERIES DATA WITH RANDOMLY MISSING DATA" PROCEEDINGS OF THE TWENTIETH ANNUAL MEETING OF THE WESTERN DECISION SCIENCE INSTITUTE, LIHUE, KAUAI, HAWAII, MARCH 19-22, 1991, 1991-01-01
Honors and Awards
Best Paper Award: Real Estate Finance, American Real Estate Society, (2018-04-30)
Faculty, Homer Hoyt Institute, (2018-01-31)
George Bloom Award for outstanding contributions to the field of real estate academics, American Real Estate and Urban Economics Association, (2016-12-31)
Red Pen Award -- Journal of Real Estate Research, Americn Real Estate Society, (2014-04-30)
2013 Edwin Mills Award for Best Paper in Real Estate Economics, American Real Estate and Urban Economics Association, (2012-12-31)
Red Pen Award, Journal of Real Estate Research, (2012-12-31)
Distinguished Fellow, NAIOP Research Foundation, (2012-01-01)
Best Paper Award, Structural Issues Facing Real Estate Investment Trusts, Baruch College, New York, NY, (2009-12-31)
Edwin Mills Award for Best Paper in Real Estate Economcis, American Real Estate and Urban Economics Associations, (2008-12-31)
Red Pen Award, American Real Estate Society, (2008-12-31)
Fellow, FDIC Center for Financial Research, (2006-12-31)
Fellow, Real Estate Research Institute, (2004-12-31)
Fellow, Weimer School of Advanced Studies in Real Estate and Land Economics, (2003-12-31)
Homer Hoyt Post-Doctoral Award Candidate, Homer Hoyt Advanced Studies Institute, (1996-12-31)