Mark Sunderman

Dr. Mark A. Sunderman joined the faculty at the University of Memphis in 2008. He is a tenured professor and holder of the Morris Fogelman Real Estate Chair of Excellence in the Fogelman College of Business and Economics. He joined the University of Memphis after spending 22 years at the University of Wyoming. His B.S., M.S. and Ph.D. degrees, all in finance, are from the University of Illinois, Urbana-Champaign. His research is primarily in the field of real estate, with a focus on property tax administration, valuation, real estate finance, and the valuation of government grazing leases. Professor Sunderman has published scholarly papers in journals such as the Journal of Real Estate Research, Journal of the American Real Estate and Urban Economics Association, Land Economics, Journal of Real Estate Finance and Economics, Appraisal Journal, Review of Quantitative Finance and Accounting and Journal of Risk and Insurance. He also has over 250 presentations at professional meetings, as well as numerous presentations at in house and regional workshops. Dr. Sunderman has been a guest speaker at Indiana State University, DePaul University and West Virginia University.

Dr. Sunderman is renowned for his development and teaching of online instructional programs in real estate, including a Professional Real Estate Certificate program he has developed at the University of Memphis and an online BBA in Finance with a concentration in Real Estate degree. He has also received several awards for online teaching, including the eOT (Excellence in Online Teaching) award from eCollege, the Hollon Family Award for Teaching Excellence in Off-Campus Programs awarded by the University of Wyoming and the Master Educator for Distance Education at the University of Wyoming awarded by WyDEC (Wyoming Distance Education Consortium).

In addition to his teaching and research, he has consulted for the National Park Service and the Ad Valorem Tax Division of the Wyoming Department of Revenue and Taxation, and he has been an expert witness for the Resolution Trust Corporation. Dr. Sunderman is a member of the American Real Estate and Urban Economics Association, Financial Management Association, American Real Estate Society, and the Southern and Southwest Finance Association. He is on the Board of Directors and the Webmaster for the American Real Estate Society. Dr. Sunderman also has professional membership in Lambda Alpha International, Urban Land Institute, International Association of Assessing Officers, Tennessee Chapter of IAAO, and CCIM Institute.

Education

• Ph.D. Finance - University of Illinois, Urbana-Champaign, Illinois - 1986
• M.S. Finance - University of Illinois, Urbana-Champaign, Illinois - 1976
• B.S. Finance - University of Illinois, Urbana-Champaign, Illinois - 1974

Experience

• Professor and Morris Fogelman Real Estate Chair of Excellence (Tenured), Department of Finance, Insurance and Real Estate - University of Memphis, Memphis, Tennessee - August 2008 to Present
• Professor of Finance (Tenured), Department of Economics and Finance - University of Wyoming, Laramie, Wyoming - July 2003 to August 2008
• Associate Professor of Finance (Tenured), Department of Economics and Finance - University of Wyoming, Laramie, Wyoming - July 1992 to July 2003
• Assistant Professor of Finance (Tenure Track), Department of Business Administration - University of Wyoming, Laramie, Wyoming - August 1986 to July 1992
• Graduate Research Assistant , Office of Real Estate Research - University of Illinois, Urbana-Champaign - August 1983 to August 1986
• Instructor of Finance, Department of Finance - Illinois State University, Normal, Illinois - August 1978 to August 1983
• Instructor of Finance, College of Business - Northwest Missouri State University, Maryville, Missouri - August 1977 to August 1978
• Instructor of Business, Social Science Division - Spring Arbor College, Spring Arbor, Michigan - August 1976 to August 1977

Honors/Awards

• 2020-2021 Teaching and Research Mentoring Award - Research Mentoring Excellence, Fogelman College of Business and Economics, University of Memphis, 2021.
• Best Manuscript in Spatial Analytics/GIS Applications at American Real Estate Society annual meeting , 2019.
• Outstanding Paper in Empirical Finance at Southern Finance Association, 2018.
• American Real Estate Society Practitioner Research Award given for papers presented at the 2017 conference meeting, 2018.
• 2018 American Real Estate Society Distinguished Service Award. This award is given annually in recognition for a member's service to the organization, 2018.
• Best Paper Award at the International Conference on Business and Information (Nagoya, Japan), 2016.
• 2015-2016 Teaching and Research Mentoring Award - Research Mentoring Excellence, Fogelman College of Business and Economics, 2016.
• 2014-2015 Teaching and Research Mentoring Award - Research Mentoring Excellence - Fogelman College of Business and Economics, 2015.
• Best Paper Award - international Conference on Excellence in Research and Education - 2014.
• Best Manuscript in Real Estate Valuation - American Real Estate Society - 2014.
• Best Paper Award - Academy of Business Research - 2013.
• Service Award for the College of Business - College of Business, University of Wyoming - 2008.
• Chair of the University of Wyoming Faculty Senate - University of Wyoming - 2006 - 2007.
• Service Award for the College of Business - College of Business, University of Wyoming - 2006.
• Master Educator for Distance Education at the University of Wyoming - WyDEC (Wyoming Distance Education Consortium) - 2005.
• Hollon Family Award for Teaching Excellence in Off-Campus Programs - University of Wyoming - 2005.
• eOT (excellence in online teaching) - eCollege - 2002.
• Best Manuscript in Agricultural Real Estate Investment - American Real Estate Society Annual Meeting - 1999
• Best Manuscript in Agricultural Real Estate Investment - American Real Estate Society Annual Meeting - 1998
• Best Manuscript in Farmland Investment - American Real Estate Society Annual Meeting - 1995
• Best Manuscript in Farmland Investment - American Real Estate Society Annual Meeting - 1994
• Distinguished Research and Development Award - International Association of Assessing Officers - 1992
• Distinguished Research and Development Award - International Association of Assessing Officers - 1991
• Second place, AREUEA Dissertation Award - American Real Estate and Urban Economics Association - 1988
• Morgan L. Fitch Scholarship - Illinois Real Estate Educational Foundation - 1985/86

Teaching Experience

• Real Estate Principles - University of Memphis
• Managerial Finance - University of Memphis
• Real Estate Finance (Undergraduate and Graduate) - University of Memphis
• Real Estate Appraisal (Undergraduate and Graduate) - University of Memphis
• Real Estate Investment (Undergraduate and Graduate) - University of Memphis
• Contemporary Real Estate Theory and Practice (Graduate) - University of Memphis
• Corporate Finance (Graduate) - University of Wyoming
• Risk Management - University of Wyoming

Student Advising/Mentoring

• Graduate Ph.D. Committee - Co-Chair - Wei Sun - 2021
• Graduate Ph.D. Committee - Member - Shawn McFarlan - 2020
• Graduate Ph.D. Committee - Member - Jared Linna - 2020
• Graduate Ph.D. Committee - Chair - Frank SanPietro - 2018
• Graduate Ph.D. Committee - Member - Minxing Sun - 2018
• Graduate Ph.D. Committee - Co-Chair - Evgeny Radetskiy - 2015
• Graduate Ph.D. Committee - Member - Mohamed Elmadawy - 2014
• Graduate Ph.D. Committee - Member - Pawan Jain - 2013
• Graduate Ph.D. Committee - Member - Daewon Kim - 2011

Support

• Gift in Kind - Argus Software, Inc. - $1,147,500.00 - 2014/2015 Academic Year

Service

• Institute of Real Estate Management (IREM) – Student & Academic Outreach Advisory Board (2022 – present)
• University of Memphis – FCBE Virtual Learning and Technology (2021 - present)
• Orange Mound Neighborhood Development Corporation, Inc., - Member of the Board of Directors (2020 – present)
• University of Memphis - Faculty Senate Executive Committee (2019 - present)
• Shelby County Commissioners - Orange Mound Neighborhood Task Force (2019 - 2020)
• IAAO (International Association of Assessing Officers) AVM Global Credentialing Task Force (2018 - 2021)
• University of Memphis - Faculty Senate IT Support Committee (2018 - 2019)
• Memphis Chapter of Lambda Alpha International – Member of the Board of Directors (2018 – present)
• IAAO (International Association of Assessing Officers) Research and Standards Committee (2018 - 2019)
• University of Memphis - FCBE Informational Technology Committee (2018 - 2020)
• University of Memphis - FCBE Strategic Planning Committee (2018 - 2019)
• University of Memphis - Teaching and Learning Advisory Committee (2018 - present)
• University of Memphis - President Panel Hearing committee (2017 - 2018)
• University of Memphis - Tenure and Promotion Appeals Committee (2017 - 2018)
• IAAO (International Association of Assessing Officers) Research Subcommittee (2017 - 2018)
• University of Memphis - Faculty Senator for FIR Department (2016 - present)
• University of Memphis - Academic Support Committee (2016 - 2018)
• State of Tennessee - Alternate Member of the Tennessee Assessment Appeals Commission (2016 - 2021)
• University of Memphis - FCBE Online Standards Committee (2014 - present)
• University of Memphis - Member of the "Chair of Excellence Council" - 2014 to Present
• University of Memphis - Faculty Advisor - Lambda Alpha Real Estate Student Organization - 2013 to Present
• University of Memphis - FIR Department Scholarship Committee - 2012 to Present
• University of Memphis - Director of the Online BBA in Finance with a Concentration in Real Estate - 2011 to Present
• University of Memphis - Department AID - Department of Finance, Insurance and Real Estate - 2010 to Present
• University of Memphis - Director of the Professional Real Estate Certificate Program - 2009 to Present
• University of Memphis - Member of the "University of Memphis Disaster Relief Committee" - 2011 - 2012
• University of Memphis - Coordinator / Advisor Real Estate M.S. Program - 2008 - 2012
• University of Wyoming - Chair of Faculty Senate - 2006 - 2007
• American Real Estate Society - Board of Directors - 2004 to 2009 and 2014 to 2019
• Global Economics and Management Review Journal - Editorial Board - 2013 to Present
• Appraisal Journal - Academic Review Panel - 2000 to Present
• Center for Internet Technology in Education (CiTE) - Advisory Board - 2000 to 2008
• Journal of Real Estate Literature - Associate Editor - 1992 to 1994

Research

Publications

“Urban Blight Remediation Strategies Subject to Seasonal Constraints,” (with Fernando Ferreira, Ronald Spahr, Kannan Govindan and Ieva Meidutė-Kavaliauskienė), European Journal of Operational Research, Forthcoming 2022.

“Intervention Strategies for Urban Blight: A Participatory Approach,” (Joana Costa, Fernando Ferreira, Ronald Spahr and Leandro Pereira), Sustainable Cities and Society, Forthcoming 2022.

"Are institutional investors informed? The case of dividend changes for REITS and Industrial Firms" (with Pawan Jain, Vishaal Baulkaran and Ebenezer Asem), Review of Quantitative Finance and Accounting, Forthcoming 2022.

“Analyzing Blight Impacts on Urban Areas: A Multi-Criteria Approach,” (Ana Margarida Pinto, Fernando Ferreira, Ronald Spahr, Kannan Govindan, and Ieva Meidutė-Kavaliauskienė), Land Use Policy, 108(August), 1-14, 2021. https://doi.org/10.1016/j. landusepol.2021.1

“Assessed Valuation and Social Benefits of Neighborhood Redevelopment: Case Study of Uptown Memphis Tennessee,” (Jared Linna, Paul Bidanset and Wei Sun), Journal of Property Tax Assessment & Administration, 18(1), 31-63, 2021.

“Strengthening Urban Sustainability: Identification and Analysis of Proactive Measures to Combat Blight,” (with Madalena Baräo, Fernando Ferreira, Ronald Spahr, Kannan Govindan and Ieva Meidutė-Kavaliauskienė), Journal of Cleaner Production, 29(January), 1–15, 2021.

"A Sociotechnical Approach to Causes of Urban Blight using Fuzzy Cognitive Mapping and System Dynamics," (with Ana Lousada, Fernando Ferreira, Leva Meidute-Kavaliauskiene, Ronald Spahr and Leandro Pereira) Cities -The International Journal of Urban Policy and Planning, 108(January), 2021. https://doi.org/10.1016/j.cities. 2020.102963.

"An Hedonic Approach to Determining the Sources of Inequity" (with Wei Sun and Paul Bidanset), Journal of Property Tax Assessment & Administration, 17(1), 2-22, 2020.

"Impact of Single Family Home Foreclosures on Apartment Rents" (with Ying Huang and Ron Spahr), Journal of Housing Research, 29(2), 107-132, 2020.

"The Impact of Default and Foreclosure on Housing Values: Rings vs. Neighborhoods Approach," (with Ying Huang and Ronald Spahr), Journal of Real Estate Finance and Economics, 29(2), 107-132, 2020.

"An Exploratory Approach for Enhancing Vertical and Horizontal Equity Tests for Ad Valorem Property Tax Valuations using Geographically Weighted Regression" (with Paul Bidanset, Michael McCord, and Peadar Davis), Journal of Financial Management of Property and Construction, 24(2), 231-250, 2019.

"Neighborhood Blight Indices, Impacts on Property Values and Blight Resolution Alternatives" (with Wei Sun, Ying Huang, Ronald Spahr and Minxing Sun), Journal of Real Estate Research, 41(4), 555-603, 2019.

"Using Information Theory to Evaluate Measures of Vertical Inequity in Property Taxation," (with Frank SanPietro, Evgenii Radetskiy, and Brian Janz), Journal of Property Tax Assessment & Administration, forthcoming, 16(1), 5-23, 2019.

"The Value of Greenways: Memphis Shelby Farms Greenline as a Case Study," (with Ying Huang and Esra Ozdenerol), Journal of Housing Research, 28(1), 81-107, 2019.

"Housing "Beta": Common risk factor in returns of stocks," (with Vishaal Baulkaran and Pawan Jain), Journal of Real Estate Finance and Economics, 58(3), 438-456, 2019.

"Reducing Vertical and Horizontal Inequity in Property Tax Assessments", (with John Birch, and Evgeny Radetskiy), Journal of Property Tax Assessment & Administration, 14(2):71-81, 2018.

"A Prioritization Index for Blight Intervention Strategies in Residential Real Estate," (with Fernando Ferreira, Ronald Spahr, and Marjan Jalali), Journal of the Operational Research Society, 69(8): 1269-1285, 2018.

"Designing and Delivering Effective Online Instruction," (with Smita Jain, and Pawan Jain), International Journal of Research in Management & Social Science, 6(1), 133-140, 2018.

"A Learning-Oriented Decision-Making Process for Real Estate Brokerage Service Evaluation" (with Fernando Ferreira, Ronald Spahr, Audrius Banaitis and Joao Ferreira), Service Business, 11(3):453-473, 2017.

"Hospitality REITs and Market Microstructure" (with Pawan Jain, Spenser Robinson, and Arjun Singh), Journal of Property Investment & Finance, 35(3):277-289, 2017.

"REITs and Market Microstructure: A Comprehensive Analysis of Market Quality" (with Pawan Jain and K. Janean Westby-Gibson), Journal of Real Estate Research, 39(1): 65-98, 2017.

"Using Multiple Criteria Decision Analysis (MCDA) to Assist in Estimating Residential Housing Values" (with Fernando Ferreira and Ronald Spahr), International Journal of Strategic Property Management, 20(4): 354-370, 2016.

"Gated Community Premiums and Amenity Differentials in Residential Subdivisions" (with Evgeny Radetskiy and Ronald W. Spahr), Journal of Real Estate Research, 37(3): 405-38, 2015.

"Stock Price Movement around the Merger Announcements: Insider Trading or Market Anticipation?" (with Pawan Jain), Managerial Finance, 40(8): 821-843, 2014.

"The U.S. Housing Finance Debacle, Measures to Assure its Non-Recurrence and Reform of the Housing GSEs" (with Ronald W. Spahr), Journal of Real Estate Research, 36(1): 59-86, 2014.

"Regression Modeling for Vertical and Horizontal Property Tax Inequity" (with John W. Birch), Journal of Housing Research, 23 (1): 89-105, 2014.

"Unique Challenges of Online Teaching" proceedings of the Syllabus2003 meeting published online at Syllabus2003 website, 2003.

"One Professor's Perspective on Online Education" proceedings of the Syllabus2001 meeting published online at Syllabus2001 website, 2001.

"Junk Bond Pricing of Default Risk" (with Ronald W. Spahr), Merrill Lynch Extra Credit, The Journal of Global High Yield Research, November/December, 19-27, 1994.

"The Effect of Prepayment Modeling in Pricing Mortgage-Backed Securities" (with Ronald W. Spahr and Narendra Kale), 1992 Western Decision Sciences Institute Proceedings, pp. 200 - 205.

"Property Tax Assessment: Measures and Tests of Uniformity Applied to Chicago Condominiums" (with Roger E. Cannaday and Eugene W. Stunard), Illinois Business Review, 44(2): 9 - 12, 1987.

"A Model for Federal Public Land Surface Rights Management" (with Ronald W. Spahr), Journal of Real Estate Research, 31(2): 119-146, 2009.

"Management Policy and Estimated Returns on School Trust Lands" (with Ronald W. Spahr), Journal of Real Estate Finance and Economics, 33(4): 345-362, 2006.

"Cost-Based Property Tax Inequity: Evidence from Indiana" (with John W. Birch and Brent C. Smith), Appraisal Journal, 74(3):257-266, 2006.

"A Relationship of Trust: Are State "School Trust Lands" Being Prudently Managed for the Beneficiary?" (with Ronald W. Spahr, and Samual Runyan), Journal of Real Estate Research, 26(4): 345-370, 2004.

"Vertical Inequity in Property Taxation: Neighborhood Based Analysis" (with John W. Birch and Brent C. Smith), Journal of Real Estate Finance and Economics, 29(1): 71-78, 2004.

"Sources of Variation in County Property Tax Inequities" (with Brent Smith and John Birch) Journal of Public Budgeting, Accounting and Financial Management, 15(4): 571-92, 2003.

"Estimating Price Paths for Residential Real Estate" (with John Birch), Journal of Real Estate Research, 25(3): 277-300, 2003.

"Original-Issue Systematic and Default Risk Pricing Efficiency of Speculative Grade Bonds" (with Ronald Spahr and Robert Schwebach), Journal of Risk and Insurance, 69(4): 489-516, 2002.

"Valuation of Land Using Regression Analysis" (with John Birch), Real Estate Valuation: Research Issues in Real Estate, Kluwer Academic Publishers, 8: 325-339, 2002.

"Impact of Ranch and Market Factors on an Index of Agricultural Holding Period Returns" (with Ronald Spahr, John Birch, and Russell Oster), Journal of Real Estate Research, 19(1/2): 209-234, 2000.

"Optimal Trimming of Appraisal-Sale Ratios" (with John Birch), Assessment Journal, 6(4): 25-31, 1999.

"Valuation of Agricultural Property Surrounding a Resort Community" (with Ronald Spahr), Journal of Real Estate Research, 17(2): 227 - 243, 1999.

"Property Tax Inequities on Ranch and Farm Properties" (with Ronald Spahr), Land Economics, 74(3): 374-389, 1998.

"Testing for Outliers in Sales and Appraisal Data" (with John Birch), Assessment Journal, 4(4): 31-38, 1997.

"Measuring Market Movements in Assessment Districts: Do We Need Subdistricts?" (with John Birch), Assessment Journal, 3(1): 36-42, 1996.

"Additional Evidence on the Homogeneity of the Value of Government Grazing Leases and Changing Attributes for Ranch Value" (with Ronald W. Spahr), Journal of Real Estate Research, 10(5): 601-616, 1995.

"Equalizing Property Appraisals to Market: Comparing Old and New Methods" (with John W. Birch), Assessment Journal, 2(2):47-53, 1995.

"Valuation of Government Grazing Leases" (with Ronald W. Spahr), Journal of Real Estate Research, 9(2): 179-196, 1994.

"The Effect of Prepayment Modeling in Pricing Mortgage-Backed Securities" (Ronald W. Spahr), Journal of Housing Research, 3(2): 381 - 400, 1992.

"Adjusting for Vertical and Horizontal Inequity: Supplementing Mass Appraisal Systems" (with John W. Birch and Thomas Hamilton), Property Tax Journal, 11(3): 257 - 276, 1992.

"The Effect of the Listing Price on Cash Equivalence" (With Roger Cannaday and Peter Colwell), Appraisal Journal, 60(2): 275 - 282, 1992.

"Estimating the Importance of Outliers in Appraisal and Sales Data" (with John W. Birch and Thomas Hamilton), Property Tax Journal, 10(4): 361 - 376, 1991.

"Corporate Bond Insurance: Feasibility and Insurer Risk Assessment" (with Ronald W. Spahr and Chukwaka D. Amalu), Journal of Risk and Insurance, 58(3): 418 - 437, 1991.

"Determining the Minimum Sample Size for Assessment and Reappraisal Work" (with John W. Birch and Thomas W. Hamilton), Property Tax Journal, 10(3): 299 - 311, 1991.

"Testing for Vertical Inequity in Property Tax Systems" (with John W. Birch, Roger E. Cannaday and Thomas W. Hamilton), Journal of Real Estate Research, 5(3): 319 - 334, 1990.

"Adjusting for Vertical Inequity in Property Assessment" (with John W. Birch and Thomas W. Hamilton), Property Tax Journal, 9(3): 197 - 211, 1990.

"The Value of Mortgage Assumptions: An Empirical Test" (with Roger E. Cannaday and Peter F. Colwell), Journal of Real Estate Research, 5(2): 247 - 257, 1990. Reprinted in Contemporary Real Estate Finance: Selected Readings, Prentice Hall, 1996.

"Components of the Coefficient of Dispersion" (with John W. Birch and Thomas W. Hamilton), Property Tax Journal, 9(2): 127 - 139, 1990.

"Estimation of Depreciation for Single-Family Appraisals" (with Roger E. Cannaday), Journal of the American Real Estate and Urban Economics Association, 14(Summer): 255 -273, 1986.

Presentations

I have over 250 presentations at professional meetings. These include presentations at meetings hosted by organizations such as the Financial Management Association, American Real Estate and Urban Economics Association, American Real Estate Society, Academy of Financial Services, Western Economics Association, Western Decision Sciences Institute, Southern Finance Association, Syllabus, Center for Internet Technology in Education (CiTE) and the Australasian Finance & Banking Conference. In addition to these presentations, I have numerous presentations at in house and regional workshops.

Below are my more recent presentations (since 2012)

"Effects on REIT Capital Structure, Market Liquidity and Cost of Equity Capital Relative to Levels of REITs held as AUM by ordinary ETFs and Dedicated REIT ETFs," presented at the Southern Finance Association meeting, November 2021.

“Assessed Valuation and Social Benefits of Neighborhood Redevelopment: Case Study of Uptown Memphis Tennessee” presented at the International Association of Assessing Officers annual conference, August 2021.

AREIT Capital Structure, Market Liquidity and Equity Capital Cost-ETF AUM Effects@ presented at the American Real Estate Society meeting, April 2021.

"An Hedonic Approach to Determining the Sources of Inequity in Property Tax Systems" at the International Association of Assessing Officers conference, September 2019.

"Freedom of Choice and Liquidity Co-movement" at the Eastern Finance Association meeting, April 2019.

"An Hedonic Approach to Determining the Sources of Inequity in Property Tax Systems" at the American Real Estate Society meeting, April 2019.

"A New Model for Simultaneously Testing for Vertical & Horizontal Equity in Ad Valorem Property Tax Valuations" at the American Real Estate Society meeting, April 2019.

"Further Enhancing Vertical & Horizontal Equity Tests for Ad Valorem Property Tax Valuations using Geographically Weighted Regression" at the American Real Estate Society meeting, April 2019.

"Estimating the Impact of Neighborhood Crime on Property Values: A Geospatial Application" at the American Real Estate Society meeting, April 2019.

"Auction vs. Private Negotiation in Property Sales" at the American Real Estate Society meeting, April 2019.

"Neighborhood Blight Indices, Impacts on Property" at the Southern Finance Association meeting, November 2018.

"Freedom of Choice and Liquidity Co-movement" at the Southern Finance Association meeting, November 2018.

"Information Theoretic Measure use in Evaluating Property Tax Assessment Models" at the International Association of Assessing Officers conference, September 2018.

"Using Information Theoretic Measures to Evaluate Property Tax Assessment Models" presented at the American Real Estate Society meeting, April 2018.

"Determining the Impact of Default and Foreclosure on Property Values: Ring vs. Neighborhood Approach" presented at the American Real Estate Society meeting, April 2018.

"Enhancing Vertical & Horizontal Equity Tests for Ad Valorem Property Tax Valuations using Geographically Weighted Regression" at the American Real Estate Society meeting, April 2018.

"Reducing Vertical and Horizontal Inequity in Property Tax Assessments" presented at the Southern Finance Association meeting, November 2017.

"The Role of National Culture and Media in Explaining Commonality in Liquidity" presented at the Financial Management Association meeting, October 2017.

"Neighborhood Blight Indices, Impacts on Property Values and Blight Resolution Alternatives" presented at the American Real Estate Society meeting, April 2017. This paper won the Practitioner Research Award given for papers presented at the 2017 meeting and awarded during the 2018 ARES meeting.

"Housing "Beta": Common Risk Factor in Returns of Stocks" presented at the American Real Estate Society meeting, April 2017.

"Gentrification: A Market Microstructure-Based Explanation of a Real Estate Submarket" presented at the American Real Estate Society meeting, April 2017.

"Neighborhood Blight Indices, Impacts on Property Values and Blight Resolution Alternatives" presented at the Southwest Finance Association meeting, March 2017.

"Gentrification: A Market Microstructure Based Explanation of a Real Estate Sub Market" presented at the Southwest Finance Association meeting, March 2017.

"Identifying Cost Drivers for Rising U.S. Healthcare Cost" presented at the Southwest Finance Association meeting, March 2017.

"Neighborhood Blight Indices, Impacts on Property Values and Blight Resolution Alternatives" presented at the MMM Conference, January 2017.

"The Impact of Default and Foreclosure on Housing Values" presented at the Southern Finance Association meeting, November 2016.

"Commonality of Stock Market Liquidity in Global Markets: High Frequency Trading, Investor Behavior and Market Characteristics" presented at the Southern Finance Association meeting, November 2016.

"A Rule-Based Decision Support System for Real Estate Brokerage Service Evaluation" presented at the International Conference on Business and Information (BAI2016, Japan), July 2016. This paper won the Best Paper award at the International Conference on Business and Information.

"Developing a Neighborhood Blight Index Using Geospatial Analysis and its Impact on Property Values" presented at the American Real Estate Society meeting, March 2016.

"The Geospatial Impact of Crime on Neighborhood Property Values" presented at the American Real Estate Society meeting, March 2016.

"Commonality in Liquidity: International Evidence on the Effect of High Frequency Trading, Investor Behavior, and Market Characteristics" presented at the American Real Estate Society meeting, March 2016.

"A Practical Approach to Reducing Vertical and Horizontal Inequity in Property Tax Assessments" presented at the American Real Estate Society meeting, March 2016.

"Gentrification Identification via Information Asymmetries" presented at the American Real Estate Society meeting, March 2016.

"Controlling Health Insurance Pure Premiums with a Two-Tiered Private/Public Structure" presented at the Southern Finance Association meeting, November 2015.

"The Geospatial Impact of Crime on Neighborhood Property Values" presented at the Southern Finance Association meeting, November 2015.

"The Geospatial Impact of Crime on Neighborhood Property Values" presented at the Financial Management Association meeting, October 2015.

"REITs and Market Microstructure: A Comprehensive Analysis of Market Quality" presented at the Financial Management Association meeting, October 2015.

"Combining Cognitive Maps and MCDA Techniques to Assist in Estimating Residential Housing Values" to be presented at the International Conference on Business and Information, July 2015.

"The Value of Management Efforts in REIT ETFs" presented at the American Real Estate Society meeting, April 2015.

"Reducing Vertical and Horizontal Inequity in Property Tax Assessments" presented at the American Real Estate Society meeting, April 2015.

"The Geospatial Impact of Crime on Neighborhood Housing Values" presented at the American Real Estate Society meeting, April 2015.

"Amenity Price Differentials of Gated Communities in Residential Subdivisions: The Memphis Experience" presented at the Southern Finance Association meetings, November 2014.

"The Impact of Default and Foreclosure on Housing Values" presented at the International Conference on Excellence in Research and Education (CERE, India), May 2014.

"REITs and Market Microstructure: A Comprehensive Analysis of Market Quality" presented at the International Conference on Excellence in Research and Education (CERE, India), May 2014.

"Amenity Price Differentials of Gated Communities in Residential Subdivisions: The Memphis Experience" presented at the International Conference on Excellence in Research and Education (CERE, India), May 2014.

"Commonality in Global Markets' Liquidity: High Frequency Trading, Investor Behavior, and Market Characteristics" presented at the Eastern Finance Association meetings, April 2014.

"Amenity Price Differentials of Gated Communities in Residential Subdivisions: The Memphis Experience" presented at the Eastern Finance Association meetings, April 2014.

"The Impact of Default and Foreclosure on Apartment Rental Rates" presented at the American Real Estate Society meetings, April 2014.

"The Impact of Default and Foreclosure on Housing Values" presented at the American Real Estate Society meetings, April 2014.

"Amenity Price Differentials of Gated Communities in Residential Subdivisions: The Memphis Experience" presented at the American Real Estate Society meetings, April 2014.

"REITs and Market Microstructure: A Comprehensive Analysis of Market Quality" presented at the American Real Estate and Urban Economics Association meetings, January 2014.

"Amenity Price Differentials of Gated Communities in Residential Subdivisions: The Memphis Experience" presented at the Southern Finance Association meetings, November 2013.

"REITs and Market Microstructure: A Comprehensive Analysis of Market Quality" presented at the Southern Finance Association meetings, November 2013.

"Interactive Online Business Courses: Removing 'Distance' from Distance Education" presented at the National Conference on E-Learning and E-Learning Technologies (ELELTECH India), June 2013.

"Interactive Online Business Courses: Removing 'Distance' from Distance Education" presented at the International Conference on Excellence in Research and Education (CERE, India), May 2013.

"Stock Price Movement Around the Merger Announcements: Insider Trading or Market Anticipation?" presented at the International Conference on Excellence in Research and Education (CERE, India), May 2013.

"Stock Price Movement Around the Merger Announcements: Insider Trading or Market Anticipation?" at the Eastern Finance Association meetings, April 2013.

"REITs and Market Microstructure: A Comprehensive Analysis of Market Quality" presented at the Eastern Finance Association meetings, April 2013.

"Amenity Price Differentials of Gated Communities in Residential Subdivisions: The Memphis Experience" presented at the American Real Estate Society meetings, April 2013.

"Application of Multiple Criteria Decision Analysis (MCDA) to Estimate Residential Real Estate Values" presented at the American Real Estate Society meetings, April 2013.

"Explaining REIT Returns: A Microstructure Perspective" presented at the American Real Estate Society meetings, April 2013.

"REITs and Market Microstructure: A Comprehensive Analysis of Market Quality" presented at the Midwest Finance Association meetings, March 2013.