PREA James A. Graaskamp Award - 2017 Recipient

PREA's biennial James A. Graaskamp award was presented to Will McIntosh at PREA's 27th Annual Institutional Investor Conference on October 17th in Chicago.

Dr. Will McIntosh, Global Head of Research for USAA Real Estate Company, is instrumental in developing commercial real estate investment strategy and managing in-house research with the objective of informing and enhancing the real estate investment process.

Will’s distinguished career spans more than three decades in numerous aspects of institutional real estate. He has served as the Head of Real Estate Research and Strategy for several of the largest investment managers in the world, including Prudential Real Estate Investors, AIG Global Real Estate Investment, ING Real Estate, and now USAA Real Estate Company. As one of his many accomplishments, Will was critical in establishing the real estate research team for the largest sovereign wealth fund in the world, the Abu Dhabi Investment Authority (ADIA). Additionally, he served as Chief Investment Officer for Cincinnati-based Fund Evaluation Group (FEG), a $50 billion general consultant representing pension funds, endowments, foundations, and high-net-worth investors.

His academic and research experience includes serving as a full-time Professor of Real Estate and Finance at two Carnegie Research I universities, as well as serving on the Investment Committee of the University of Cincinnati’s $1 billion endowment. In addition, he developed and directed the Center for Real Estate Studies at the University of Kentucky and served as Dean of the College of Business at the University of Cincinnati.

During his career, Dr. McIntosh has published numerous research articles in leading real estate professional and academic journals, while previously serving as Co-Editor of The Journal of Real Estate Portfolio Management and now Associate Editor of Real Estate Issues. He has provided thought-leadership on important industry topics such as real estate investment benchmarking, attribution analysis, the benefits of diversification, international investing, the evolution of public and private markets, the impact of e-commerce, market research, and REITs to name just a few.

Furthermore, Will has made extensive contributions to the real estate industry and research community. He previously served as President of the Real Estate Research Institute (RERI) in addition to being on the Board of Directors for both the National Council of Real Estate Investment Fiduciaries (NCREIF) and the International Real Estate Society (IRES). He has served on the Research Committee of PREA, the Investor Council of the National Association of Real Estate Investment Trusts (NAREIT), and on the Advisory Boards of several university real estate centers. Additionally, Will is a past President of the American Real Estate Society and is a Fellow of the Homer Hoyt Institute.

Dr. McIntosh received his Ph.D. in Finance and Real Estate from the University of North Texas (1987), his MBA with a concentration in Real Estate from Eastern Kentucky University (1979), and his BS in Business Education from the same institution (1977). He is a graduate of the School of Mortgage Banking of the Mortgage Bankers Association of America and served as a Faculty Fellow. He is also a graduate of the Management and Leadership in Education Program, Harvard Institute for Higher Education at the Harvard Graduate School of Education (2006).


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


Will McIntosh
USAA Real Estate Company


About the Award