Smeal Professor Elected To Board Of Leading Real Estate Organization

UNIVERSITY PARK, PA (January 23, 2007) – A Smeal College of Business real estate professor has been elected to the board of directors of the American Real Estate and Urban Economics Association (AREUEA), the leading worldwide academic organization in real estate, mortgage finance, and urban economics.

Brent Ambrose, professor of real estate and Jeffery L. and Cindy M. King fellow in business, was elected to the board by the AREUEA membership and began his three-year tenure this month. He previously served as the association's executive vice president from 1996 to 2003.

Smeal faculty members Austin Jaffe, chair of the Insurance and Real Estate Department, and Kenneth Lusht, Zimmerman Homes university endowed fellow in business administration, are both past presidents of AREUEA.

Ambrose joined the Smeal faculty in July, from the University of Kentucky, where he held the Kentucky Real Estate Professorship and served as director of the Center for Real Estate Studies and professor of finance. He previously served on the faculty at the University of Wisconsin-Milwaukee and was a visiting associate professor and research fellow at the Wharton School of Business.

Ambrose holds an M.B.A. and Ph.D. from the University of Georgia and a bachelor's from Wake Forest University. With a research interest in real estate finance, he currently serves on the editorial boards of the Journal of Real Estate Finance and Economics, the Journal of Real Estate Research, and AREUEA’s Real Estate Economics.

AREUEA, originated at the 1964 meeting of the Allied Social Science Association in Chicago, is a nonprofit organization dedicated to advancing research in the fields of real estate development, planning and economics. The association publishes the quarterly journal Real Estate Economics and holds three conferences annually. Membership is open to any interested party. For more information, visit www.areuea.org.