Brent W. AmbroseDownload Vita Personal Website
Brent W. Ambrose
Dr. Ambrose is the Smeal Professor of Real Estate and Director of the Institute for Real Estate Studies at the Pennsylvania State University. Prior to joining Penn State University, Dr. Ambrose was the Director of the Center for Real Estate Studies and Professor of Finance at the University of Kentucky where he held the Kentucky Real Estate Professorship. In addition, Dr. Ambrose was an Associate Professor at the University of Wisconsin-Milwaukee where he directed the UWM real estate program and from 1997 to 1998 he was a Visiting Associate Professor and Research Fellow at the University of Pennsylvania Wharton School of Business. In 2010, Dr. Ambrose was elected President of the American Real Estate and Urban Economics Association (AREUEA) and served as the Executive Vice President of AREUEA from 1996 to 2003. In 2003, he was elected a Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics at the Homer Hoyt Advanced Studies Institute. In 2004, he was elected a Fellow of the Real Estate Research Institute and in 2006 he was appointed a Fellow of the FDIC Center for Financial Research. Currently, Dr. Ambrose serves on the editorial boards of the Journal of Real Estate Finance and Economics, the Journal of Real Estate Research, the International Real Estate Review, and Real Estate Economics, and is a member of the board of directors for the Real Estate Research Institute and the American Real Estate and Urban Economics Association.
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. Dr. Ambrose has consulted with the U.S. Department of Housing and Urban Development 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. Dr. Ambrose has published extensively in the fields of real estate and finance. His work appears in 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, Journal of Financial Services Research, Financial Management, Financial Analysts Journal, Real Estate Economics, Regional Science and Urban Economics, Journal of Real Estate Research, Journal of Urban Economics, Journal of Housing Economics, Journal of Housing Research, The Wharton Real Estate Review, and Cityscape: A Journal of Policy Development and Research. In addition, Dr. Ambrose is co-editor of Household Credit Usage: Personal Debt and Mortgages, published by Palgrave/MacMillian. Dr. Ambrose holds a Ph.D. and M.B.A. from the University of Georgia and a B.S. in Business from Wake Forest University.
Real Estate Finance.
Ph D, Real Estate (Finance), The University of Georgia, 1989
MBA, Real Estate (Corporate Finance and Investments), The University of Georgia, 1987
BS, Business (History), Wake Forest University, 1986
2009 Best Paper Award at the Structural Issues Facing Real Estate Investment Trusts Conference, Baruch College, New York, NY..
2008 Edwin Mills Award for Best Paper in Real Estate Economics..