Real Estate Research

Our faculty provide research and expertise that guides decision-making and offers solutions for urban development, land use, real estate investment and capital market issues, and fosters innovative real estate theory, policy and practice. 


Recent Research/Publications


  • Munneke, H.J. and Womack, K.S., (2020). Valuing the Redevelopment Option Component of Urban Land ValuesReal Estate Economics, 48(1), 294-338.


  • Chen, Y., Clark S., and Womack, K.S., (2019).  A Real Options Model of Real Estate Development with Entitlement Risk, Real Estate Economics, forthcoming.













  • Mulherin, J.H., and Womack, K.S., (2015). Competition, Auctions & Negotiations in REIT Takeovers. Journal of Real Estate Finance and Economics, 50(2), 151-180.


  • Munneke, H.J. and Womack, K.S., (2015). Neighborhood Renewal: The Decision to Renovate or Teardown. Journal of Regional Science and Urban Economics, 54, 99-115.


  • Womack, K.S., (2014). Real Options and Urban Land Values: A Review of the Literature. Journal of Real Estate Literature, 23(1), 53-63.


  • Womack, K.S., (2013). Identifying Redevelopment and Other Land Use Changes: No Permits Required. Real Estate Finance, 30(1), 2-6.


  • Womack, K.S. (2012). Real Estate Mergers: Corporate Control & Shareholder Wealth. Journal of Real Estate Finance and Economics, 44(4), 446-471.