Teaching

• Real Estate (Principles, Finance, Investment, Valuation, Development, Capital Markets, REIT)
• Financial Management
• Applied Financial Econometrics

Area of Research

• Commercial Real Estate (Private Equity, REIT, CMBS, Sustainability, Hotels)
• Sentiments
• Valuation
• Real Estate in India

Current Research

Publications

RESEARCH PAPERS

Publication in Peer-Reviewed Journals

• Das, P., Füss, R.; Hanle, B. & Russ, I. (2020). ‘The Cross-Over Effect of Irrational Investor Sentiments in Commercial and Residential Real Estate Markets.’ Journal of Banking and Finance, [SSCI] Vol 114
• Das, P. & Freybote, J. (2020). ‘Investor Sentiment and Prepayment Hazard: The Case of Multifamily MBS Loans’ Journal of Real Estate Research, [SSCI] Forthcoming

*Won Practitioner Research (Conference) Award, American Real Estate Society (2019)
*Won the Best Paper (Conference) Award, American Real Estate Society (2017)

• Poretti, C. & Das, P. (2020). ‘What Explains Differing Holding Periods Across Hotel Investments? A Hazard Rate Framework’. International Journal of Hospitality Management, [SSCI] Vol 89
• Blengini, I. & Das, P. (2020). ‘Why A New Name? The Role of Asset Characteristics and Broad Market Trends in Predicting Brand Affiliation Change in Hotels.’ Cornell Hospitality Quarterly, [SSCI].  Forthcoming
• Das, P., Coulson, E. & Ziobrowski, A., (2019) ‘Caste, Faith and Gender: Determinants of Homeownership in India’.  Journal of Real Estate Finance & Economics, [SSCI] 59 (1) pp 27-55.
• Das, P.; Smith, P. & Gallimore, P. (2018). ‘Pricing Extreme Attributes in Commercial Real Estate: The Case of Hotel Transactions’. Journal of Real Estate Finance & Economics, 57 (2), pp 264-296 [SSCI]

*Earlier version won the Nambiar Developers Best Paper Award in Real Estate at the Asian Real Estate Society Conference (2016), Bangalore

• Das, P., Ziobrowski, A., & Coulson, E. (2015). Online information search, market fundamentals and apartment real estate. Journal of Real Estate Finance and Economics, 51(4), pp 480-502. [SSCI]

      *Earlier version won the Best Paper (Conference) Award, American Real Estate Society

• Das, P. (2015). Revisiting the Hotel Capitalization Rate, International Journal of Hospitality Management, 46 (2015) 151–160. [SSCI]
• Das, P., Freybote, J., & Marcato, G. (2015). An investigation into sentiment-induced institutional trading behavior and asset pricing in the REIT market. Journal of Real Estate Finance and Economics, 51(2) pp 160-189. [SSCI]
• Sah, V., Zhou, X., & Das, P. (2015). Does index addition add any new information? Evidence from REIT dividend forecasts. Journal of Property Research, 32(1), 33-49.
• Chinloy, P., Das, P., & Wiley, J. A. (2014). Houses and apartments: similar assets, different financials*. Journal of Real Estate Research, (lead article) 36(4), 409-433. [SSCI]

*Won the Best Paper of the Year (Journal) Award, 2015

• Das, P., & Wiley, J. A. (2014). Determinants of premia for energy-efficient design in the office market. Journal of Property Research, 31(1), 64-86.

      *Won the Best Paper (Conference) Award, American Real Estate Society

Other peer-reviewed Journal Publications

• Frutig, B. & Das, P. (2020). ‘Does Geographic Diversification Reduce Systematic Risk in Hotel REITs?’ Journal of Hospitality Financial Management 28(1). Forthcoming
• Das, P., Blal, I. & Freybote, J. (2020). ‘The Importance of Micro-Location for Pricing Real Estate Assets. Journal of Real Estate Portfolio Management. Forthcoming
• Das, P. & Thomas, C.R. (2016). ‘Strategic Development of REITs in India. Journal of Real Estate Literature, Vol 24 No. 1 pp 105-131.
• Low, W.; Das, P. & Piffaretti, C. (2016). ‘The Role of Hotels in Mixed Asset Portfolios: Revisiting the Asset-Heavy versus Asset-Light Debate’. International Journal of the Built Environment and Asset Management, 1(4), 273-292.
• Robinson, S.; Singh, A.J. & Das, P. (2016), ‘Financial Impact of LEED and Energy Star Certifications on Hotel Revenues’. Journal of Hospitality Financial Management.

      *Won Practitioner Research (Conference) Award, American Real Estate Society (2016)
      *Won the Best Paper (Conference) Award, American Real Estate Society (2015)

• Das, P., & Ziobrowski, A. (2015). The relationship between Indian realty stocks and online searches. Journal of Emerging Market Finance, (lead article) 14(1), 1-19
• Das, P., Sah, V., Sharma, D., Singh, V., & Galuppo, L. (2013). Real Estate Development Process in India. Journal of Real Estate Literature, 21(2), 271-292.
• Das, P., Tidwell, A., & Ziobrowski, A. (2011). Dynamics of green rentals over market cycles: Evidence from commercial office properties in San Francisco and Washington DC. Journal of Sustainable Real Estate, lead article, 3(1), 1-22.

Publications in practitioner-oriented journals

• Das, P., Kozorez, E. and Thakare, R. (2020). How to Address the Sensitivity of Commercial Real Estate Valuation to Holding Period. Real Estate Finance. Forthcoming
• Agarwal, M. & Das, P. (2019). Green Hotels: An Overview. Boston Hospitality Review (peer-reviewed). Winter 2019

• Book (co-edited): ‘Real Estate in South Asia,’ (edited volume) with R. Aroul & J. Freybote, Routledge Publications, UK, 2019
• Book chapter [peer reviewed]: ‘Economics of Real Estate Knowledge in South Asia: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan & Sri Lanka’ with P. Varga & E M’Seddi
• Book chapter [peer reviewed]: ‘REITs in India: A Story Still Unfolding’ with C.Thomas
• Book chapter [peer reviewed]: ‘A Macroeconomic Summary of South Asia: A Real Estate Perspective: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan & Sri Lanka’ with Y. Chen
• Book (co-authored): ‘Real Estate Finance in India,’ with D. Sharma, SAGE, India, 2014
• Book Chapter [peer-reviewed]: ‘Minimizing the Cost of Capital in Hotel Investments’, with G. Bodenmann, Book: Holistic Optimization Techniques in the Hospitality, Tourism, and Travel Industry, IGI Global Publishers, USA, 2017
• Book Chapter: ‘Residential Real Estate in China, Past, Present & Future’, Book: Corporate Counsel's Guide to Doing Business in China, Thomson West Reuters Press, USA, 2009

Consulting

• 2018: Developed Natural Vacancy Rate Indices across global markets for STR (London, UK & Nashville, USA): STR London
• 2012: Conducted a study of real estate credit rating system in the United States for Korea Research Institute for Human Settlements, with V. Singh

Faculty / Management Development Workshops

• 2019 (Sep): ‘Integration of Retail Business in Multi-Use Real Estate Development’. EHL Lausanne

Audience: HEMBA Senior executive cohort, CEIBS

• 2019 (Dec): ‘How to Develop Courses that Matter.’ EHL Lausanne

Audience: Faculty members. Guilin Tourism University, China

• 2019 (Mar): ‘Financial Agility for Hotel Managers.’ Coworth Park/ London (UK)

Audience: Directors of Finance from global Dorchester Collection Luxury Hotels facilities

International / Industry Engagements

• Co-authored a white paper on Hotel Valuation for the Royal Inst. of Chartered Surveyors, Switzerland
• Invited by the Securities and Exchange Board of India to critique the REIT regulation, Mumbai, 2015
• Invited for feedback on the business school at Jaypee Business School, Noida (India), August 2017

 

 

SERVICES

Board Memberships

• Member- Editorial Board:  Journal of Property Research (Taylor & Francis, UK), June 2020-onwards
• Member- Editorial Board: Journal of Sustainable Real Estate (Taylor & Francis, UK), Jan 2020-onwards
• Member of the Academic Board: @ EHL Lausanne: 2018-onwards
• Invited to serve on the Advisory Board of a US-based Hotel Fund (to be launched), USA, 2018

Journal Refereeing

[Ranked globally top 5% of referees (by merit) | Publons, a peer review sharing platform]
Journal of Real Estate Finance and Economics ● Journal of Real Estate Research ● Journal of Property Research ● Real Estate Economics ● Journal of Regional Sciences ● Urban Studies ● Tourism Management ● International Journal of Hospitality Management ● International Journal of Built Environment and Asset Management ● Cornell Hospitality Quarterly ● Journal of Real Estate Portfolio Management ● International Journal of Housing Markets and Analysis ● Journal of Behavioral and Experimental Finance ● Sustainability ● International Journal of Contemporary Hospitality Management ● Acta Structilia ● Routledge Publications, U.K. (for book proposals) ● IIM Ahmedabad Case Center

Invited Scientific Jury Services

• Best manuscript award jury member (specific category), ARES, 2017
• Best manuscript award jury member (specific category), ARES, 2016
• Best manuscript award jury member (specific category), ARES, 2014
• Best manuscript award jury member (specific category), ARES, 2013

Leadership SERVICES

• Acting Director: Real Estate, Finance &  Economics Institute @ EHL Lausanne: 2018-onwards
• Led & delivered executive education workshops
• Set up an International Board of Advisors
• Organized webinars
• Facilitated index development by the school
• Co-Convener: HFE Conference @ EHL Lausanne, 2020 (Canceled due to COVID-19) and 2019
• Area Chair- Lodging Real Estate: American Real Est. Soc. 2020 (Canceled due to COVID-19)
• Session Chair
• European Real Estate Society Conference, ESSEC Paris (2019)
• American Real Estate Society Conference, Bonita Springs FL (2018)

Invited Keynote Lectures / Speeches

• ‘Three Mantras of Success’, Bachelors’ Graduation Speech, EHL Switzerland, Jul 24 2020
• ‘Five Common Mistakes in Hotel Valuation’ (Keynote), RICS Switzerland, Zürich, Jan 2020
• ‘Pricing Anything in Commercial Real Estate’ (Keynote), NMIMS Mumbai, Dec 2019
• ‘Hedonic Valuation for Commercial Real Estate’ (Keynote), RICS SBE Mumbai, Aug 2019
• ‘Hotel Valuation using Hedonic Models’ (Keynote), RICS Switzerland, Bern, Oct 2018
• ‘Pursuit of Wealth’ (Keynote), Exec. MBA Graduation Speech, EHL Switzerland, Aug 2018
• ‘Pursuit of Happiness’ (Keynote), Exec. MBA Graduation Speech, EHL Switzerland, Aug 2017
• ‘Pricing Anything in Commercial Real Estate’ (Keynote), RICS School, Noida, India, 2017
• ‘A Primer on Real Estate for Architects’ (Keynote), IIT Roorkee, Jan. 2015

Invited Seminars

• ‘Behavioral Explanation to Spatial Dependence’(Seminar), Univ. of Reading (UK), Feb 2020
• ‘Behavioral Explanation to Spatial Dependence’(Seminar), Univ. of Manchester (UK), Feb 2020
• ‘Behavioral Explanation to Spatial Dependence’ (Seminar), IIM Bangalore, Dec 2018
• ‘Determinants of Homeownership in India’ (Seminar), IIM Bangalore, 2013

Webinars

• ‘Covid19: Hotels and Commercial Real Estate’, Indian School of Hospitality, Apr 2020
• Host: ‘Commercial Real Estate in the Covi-19 Era’, REFE Institute (EHL Lausanne), Apr 2020

Awards & Honors

Research Awards

• Red Pen Award from The Journ. of Real Est. Portfolio Mgmt. for excellence in refereeing services (2019)
• Practitioner Research Award from the American Real Estate Society (2019)
• Best paper award (apartment category) from the American Real Estate Society (2018)
• Nambiar Developers Award for Best Paper in Real Estate from the Asian Real Est. Soc. (2016)
• Practitioner Research Award from the American Real Estate Society (2016)
• Paper of the Year award from Journal of Real Estate Research (2015)
• Best paper award (sustainability category) from the American Real Estate Society (2015)
• Best paper award (office category) from the American Real Estate Society (2012)
• Best paper award (apartment category) from the American Real Estate Society (2011)
• Nominated for the “Researcher of the Year” Award by peers at EHL (2015-20, each year)

Teaching Awards, Certifications & Training

• Excellence Diploma for teaching in the PGP program: ASE University (Bucharest)
• Nominated for the “Teacher of the Year” Award by students and peers at EHL (2017, 18, 19)
• Earned the GTA Teaching Excellence Award at the Georgia State Univ. Atlanta, USA (2012)
• Attended the Harvard Case Method Teaching Seminar, Univ. of Vienna, (2016)
• Earned the Teaching Certificate (Attestation Pédagogique) by HES.SO Switzerland
• Completed the Robinson College of Business Teaching Seminar, GSU Atlanta USA (35 hours)
• Participated in over 20 pedagogic workshops  (60+ hours) organized by EHL: 2013-now

SCHOLARSHIPS & Honors

• PREA Scholarship: Pension Real Estate Association, Hartford CT, 2012
• Travel Award, RERI Conference, DePaul University, Chicago, IL 2012
• Colquitt ‘Buck’ Chandler Scholarship (Georgia State University), 2011-2013
• John H. Cowart Scholarship (Georgia State University), 2010-11
• Alpha Sigma Gamma (the International Real Estate Society) Honors, 2011
• Phi Beta Delta (by invitation: scholarly achievement in international education ) Honors, 2010
• President (elected), International Graduate Student Association, Texas A&M University, 2008
• Full Merit Scholarship, Indian Institute of Technology, 2000-04

Thoughts