Professor David Geltner
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 at the Center for Real Estate and the Department of Urban Studies & Planning.
Geltner served as Academic Director of the MIT Center for Real Estate (MIT/CRE) during 2003-08 and from 2008-14 as faculty chair of MIT’s Master of Science in Real Estate Development (MSRED) program. He presently serves as the Associate Director of Research for the MIT/CRE, and Faculty Advisor to the new MIT/CRE Price Dynamics Platform, a laboratory for cutting-edge econometric research on real estate pricing.
Geltner is the lead author of the most widely-cited real estate investments textbook, “Commercial Real Estate Analysis & Investments”, now in its 3rd edition. He recently co-authored "Flexibility and Real Estate Valuation under Uncertainty: A Practical Guide for Developers" with Richard de Neufville.
Recipient of the U.S. Pension Real Estate Association’s prestigious PREA 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 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 at that time 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. Geltner received his PhD in 1989 from the Massachusetts Institute of Technology, in Civil Engineering, 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, a leading academic journal and official publication of the American Real Estate & Urban Economics Association, 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.