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Tim Riddiough

Tim Riddiough is a Finalist for PREA’s Prestigious Graaskamp Award

by Graaskamp Staff Wednesday, August 30, 2017

We are proud to announce that Tim Riddiough, James A. Graaskamp Chair and Professor of Real Estate and Academic Director of the Graaskamp Center, is a finalist for the Pension Real Estate Association’s prestigious Graaskamp Award.  The Graaskamp Award is presented biennially by PREA to an individual whose work has helped advance the common body of knowledge in the area of institutional real estate investment. The award acknowledges the critical role of research in the institutional real estate industry by honoring research that is both of high quality and significant practical use.

Prior to joining Wisconsin in 2001, Riddiough held the Edward H. Linde Chair of Real Estate Finance and was a tenured Professor at MIT. He earned his Ph.D. at Wisconsin, working as James Graaskamp’s research assistant at the time of his passing in 1988. After finishing his Ph.D. in 1991, he won a best dissertation award for his work on credit risk in mortgage lending. Then, after joining MIT in 1994, Riddiough developed and taught the very first real estate capital markets course. He also participated in several of the early PREA Institute events held at MIT in the 1990s, teaching principals of commercial property development, investment, and real estate capital market intermediation.

After moving to Madison in 2001, Riddiough wrote one of the first papers comparing the public versus private market investment performance, and began a long-running research program on the strategic use of leverage to finance public as well as private property firms. He initially took over as director of the real estate center in 2003, and worked closely with alumni and other friends of the program to raise funds to rename the center after James Graaskamp in 2006. Riddiough then assumed the director position of the first-of-its-kind student REIT investment program in 2010.

In 2005, Riddiough wrote one of the first articles warning of the dangers of excess leverage in property markets, and after the financial crisis was in high demand as a featured speaker on the causes and consequences of the crisis.  He also consulted with central banks in Europe and Asia, and acted as a senior advisor to the Bank for International Settlements (the bank for central banks around the world) on issues of property markets and financial stability. More recently Riddiough has spoken frequently about liquidity issues associated with pension fund investment in major commercial property markets.

The two other Graaskamp Award finalists nominated by the PREA membership this year include Robert White, Founder & President of Real Capital Analytics; and Will McIntosh, Global Head of Research at USAA Real Estate.  Past recipients of the Graaskamp Award were enlisted to narrow the overall list, resulting in the three finalists. PREA members can submit their vote until the end of the day on Friday, September 15.  (Note that if you are a PREA member and would like to vote but did not receive the email from PREA, please contact Lee Gottschalk.)