Brent W. Ambrose

Color portrait of Brent W. Ambrose

Professor of Real Estate, Program Director, Director of Ph.D. Program, Director of Borrelli Institute for Real Estate Studies

Department Risk Management
Office Address 381 Business Building
Phone Number 814-867-0066
Email Address bwa10@psu.edu

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Dr. Ambrose is the Jason and Julie Borrelli Faculty Chair in Real Estate, Professor, Director of the Borrelli Institute for Real Estate Studies, and Director of the Smeal College Ph.D. Program at the Pennsylvania State University Smeal College of Business. Prior to joining Penn State University, he held faculty appointments at the University of Kentucky, and the University of Wisconsin-Milwaukee. From 1997 to 1998, he was a Visiting Associate Professor and Research Fellow at the University of Pennsylvania Wharton School of Business and a Visiting Economist with the US Department of Housing and Urban Development in 1991.

In 2010, Dr. Ambrose was elected President of the American Real Estate and Urban Economics Association (AREUEA). In 2016, he received AREUEA’s George Bloom Award for outstanding contributions to the field of real estate academics. He is a Faculty member and Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics at the Homer Hoyt Advanced Studies Institute, a Fellow of the Real Estate Research Institute, and in 2006 was appointed a Fellow of the FDIC Center for Financial Research. Dr. Ambrose is Editor-in-Chief of the Journal of Real Estate Finance and Economics was co-editor of Real Estate Economics from 2015 to 2020. He is also a member of the advisory board of the Real Estate Research Institute.

Dr. Ambrose has published over 75 refereed articles in the fields of real estate and finance. His work appears in The Journal of Finance, The Review of Economics and Statistics, The Review of Financial Studies, The Journal of Money Credit and Banking, The Journal of Financial Intermediation, The Journal of Real Estate Finance and Economics, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, Real Estate Economics, Review of Finance, Regional Science and Urban Economics, Journal of Urban Economics, Journal of Macroeconomics, and Journal of Housing Economics. He also co-edited Household Credit Usage: Personal Debt and Mortgages, published by Palgrave/MacMillian. According to Google Scholar, his work has generated over 5,000 citations and Research Papers in Economics (RePEc) places him in the top fifth percentile for economic research impact and productivity.[1]

Dr. Ambrose specializes in real estate finance, corporate finance, and fixed income security analysis. His research interests include issues related to Real Estate Investment Trusts (REITs), loss mitigation programs associated with mortgage default and foreclosure, Government Sponsored Enterprises (GSEs), fixed-income securities, and consumer credit contracts. He has consulted with the U.S. Department of Housing and Urban Development, the U.S. Department of the Treasury, and the Congressional Budget Office on several occasions regarding issues concerning FHA mortgage default and foreclosure, economically targeted assets, privatization of Fannie Mae and Freddie Mac, and the GSEs’ affordable housing goals. He holds a Ph.D. and M.B.A. from the University of Georgia and a B.S. in Business from Wake Forest University.

[1] As of September 6, 2021 and based on data from 62,679 authors worldwide. (http://repec.org/)

Expertise

Real Estate Finance.

Education

Ph D, Real Estate (Finance), The University of Georgia, 1989

MBA, Real Estate (Corporate Finance and Investments), The University of Georgia, 1987

BS, Business (History), Wake Forest University, 1986