Joseph L. Pagliari Jr.
Joseph L. Pagliari Jr., PhD, CFA, CPA, focuses his research and teaching efforts—based on over 40 years of industry experience—on issues broadly surrounding real estate investment, attempting to answer important questions from a rigorous theoretical and empirical perspective. These issues include: the risk-adjusted performance of core and noncore funds, principal/agent issues in incentive fees, a comparison of REITs and private real estate, real estate’s pricing and return-generating process, real estate’s role in a mixed-asset portfolio, and the strategic uses of leverage.
His published works have appeared in the Journal of Portfolio Management, the Journal of Real Estate Research, and Real Estate Economics, among other academic venues, as well as being published in the popular press, including Barron’s and the Wall Street Journal. He has presented these papers and thoughts on other topics at a variety of industry events, including ARES, AREUEA, NCREIF, NAREIM, PREA, and ULI as well as the Federal Reserve Bank of Atlanta, and he has presented testimony before a subcommittee of the US House of Representatives. Prof. Pagliari was the 2015 winner of PREA’s James A. Graaskamp Award, which recognizes those who have, through significant research, contributed practical insights to the common body of knowledge.