Current Research Topics

Real estate finance, green buildings, B corporations, social entrepreneurship, affordable housing
 

Selected Publications

Coauthor, New Towns: Building Cities from Scratch, Random House, 1974; eight chapters in The Real Estate Challenge, Capitalizing on Change, Prentice Hall, 1996; "Why the New Conventional Wisdom About REITs Is Wrong," Real Estate Finance, 1997; "10 Principles to Guide an Affordable Housing Program," Multifamily Trends, Urban Land Institute, 2002; "The Amazing Rise of Commercial Mortgage-Backed Securities: How an Inferior Product Prevailed," Real Estate Finance, June 2003; "Real Estate," chapter in The Handbook of Modern Finance, Warren, Gorham and Lamont, 2003; "Why India Is Not the Next China," Real Estate Finance, February 2007; with S.G. Isabel and J.S. Bryant, "Laws, Not Lawyers," Stanford Social Innovation Review, Summer 2007; "Forces That are Changing REITs Forever," Real Estate Finance, October 2009; "Energy Efficiency Retrofits," Urban Land, December 2010; "Fannie and Freddie: Why Not Try Something Bold?", The Real Estate Finance Journal, Winter 2011

Professional Activities

Academic positions: Associate Fellow, 1980–82, Lecturer, 1994–96, Harvard Business School; Adjunct Associate Professor, Yale School of Management, 1984– 87; Lecturer, Harvard Graduate School of Design, 1989–90; Tuck School of Business, 1992–present; Faculty Director, LEAD Program, 1998–2003; Faculty Director, 2001–04, Associate Faculty Director for Corporate Citizenship, 2004–present, Allwin Initiative for Corporate Citizenship, Tuck School

Nonacademic positions: Commission on the Financing and Delivery of Affordable Housing (appointed by the Vermont legislature), 2010-11

Board memberships: Faculty Advisory Board, The William Jewett Tucker Foundation; HOPE Foundation; Housing Vermont 

Editorial positions: Editorial Board, Real Estate Finance