Geltner to Succeed Wheaton as Director of MIT|CRE This Summer
Dean William Mitchell of MIT's School of Architecture and Planning which includes the Center for Real Estate recently announced the appointment of David Geltner, Professor of Real Estate Finance, as the new Director of the MIT Center for Real Estate, effective July 1, 2003. He succeeds Professor William Wheaton who is completing a 10-year term as Director. Professor Wheaton will become Associate Director of Research.
Professor Geltner returned last fall to MIT where he earned his Ph.D. in l989. In addition to his teaching, Professor Geltner is co-editor of Real Estate Economics, the prestigious journal of the American Real Estate and Urban Economics Association. He also serves on the editorial boards of a number of other leading publications in the field. He is the academic advisor to the National Council of Real Estate Investment Fiduciaries (NCREIF) and is co-author of the recent and widely acclaimed graduate level textbook, Commercial Real Estate Analysis & Investments. He is a fellow of the Homer Hoyt Institute.
In his new position, Professor Geltner will have overall responsibility for the programs and services of MIT/CRE as the Center enters a new era of growth coinciding with the enrollment of its 20th class next summer.
As Associate Director of Research, Professor Wheaton will continue to offer the Center's course on real estate economics. He will also undertake new initiatives to advance the Center's research agenda and to increase its visibility within the real estate industry. A 30-year veteran of MIT, Professor Wheaton is a well known expert on urban economics, the author of Urban Economics and Real Estate Markets and co-founder of Torto Wheaton Research, an affiliate of CB/Richard Ellis.
Also in July, John T. Riordan, Chairman of MIT/CRE will become the volunteer chair of a newly appointed advisory board of industry leaders established to oversee and give broad direction to the Center. The administrative and policy responsibilities of the Chairman will be incorporated into those of the Director. Professor Geltner will, as a result, be able to give his full time to the Center both in teaching and in managing on-going and new programs. Riordan will also retire from active involvement with the International Council of Shopping Centers (ICSC) of which he was President and CEO until coming to MIT/CRE in January of 2001, when he became Vice Chairman of ICSC. He will remain a consultant to ICSC and expects to give a good bit of time to his new volunteer role at MIT.
