PREA James A. Graaskamp Award - 2015 Recipient

PREA's biennial James A. Graaskamp award was presented to Joseph L. Pagliari, Jr. at PREA's 25th Annual Institutional Investor Real Estate Conference on October 1st in San Francisco. His body of work embodies the very spirit of the Graaskamp Award which is given to recognize those persons who contribute to the common body of knowledge some practical insights gained through significant research. Joe focuses his research and teaching efforts — based on over 30 years of industry experience — on issues broadly surrounding real estate investment, attempting to answer important questions from a rigorous theoretical and empirical perspective. These issues include:

And, accordingly, he has authored (or co-authored) numerous papers on a variety of these topics, including: “An Overview of Fee Structures in Real Estate Funds and Their Implications for Investors” published (as a special research project) by the Pension Real Estate Association, "The Pricing of Non-Core Real Estate Ventures" published in The Journal of Portfolio Management; "Public versus Private Real Estate Equities: A More Refined, Long-term Comparison" published in Real Estate Economics; "Public v. Private Real Estate Equities: A Risk/Return Comparison" published in the Journal of Portfolio Management; and "Twenty Years of the NCREIF Property Index" published in Real Estate Economics. He has also co-authored several chapters in the Handbook of Real Estate Portfolio Management, of which he is also the editor. He has presented these papers and thoughts on other topics at a variety of industry events (including NCREIF, NAREIM and PREA) as well as the Federal Reserve Bank of Atlanta and testimony before a subcommittee of the House of Representatives. His views on these and other topics have also been published in the popular press, including Barron’s and The Wall Street Journal.

Pagliari is a board member of the Real Estate Research Institute (RERI) and a former board member of the Real Estate Information Standards (REIS). He is also a member of numerous professional associations including the American Real Estate Society (ARES), the American Real Estate and Urban Economics Association (AREUEA), the National Association of Real Estate Investment Trusts (NAREIT), the National Council of Real Estate Investment Fiduciaries (NCREIF) and the Pension Real Estate Association (PREA).


Past Recipients of the James A. Graaskamp Award


David Shulman
Salomon Brothers, Inc.


Tony Downs
The Brookings Institution


Jeffrey Fisher
Indiana University


Blake Eagle
Frank Russell Company


Charles Wurtzebach
Heitman Capital Management Corporation


Susan Hudson-Wilson
Property & Portfolio Research


S. Michael Giliberto
J.P. Morgan Investment Management, Inc.


Leanne Lachman
Schroder Real Estate


Wylie Greig
The RREEF Funds


Michael E. Miles
Fidelity Management & Trust, Co.


Jacques N. Gordon
LaSalle Investment Management


Glenn R. Mueller
Legg Mason Wood Walker, Inc.


Kenneth Rosen
Haas Business School, University of California


Doug Poutasse
AEW Capital Management


Raymond Torto and William Wheaton
Torto Wheaton Research


Peter Linneman
Linneman Associates


David Geltner
Massachusetts Institute of Technology


Mike Kirby
Green Street Advisors


Joseph L. Pagliari Jr.
University of Chicago Booth School of Business


About the Award