Curriculum Vitae
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Linneman Associates                                                       

The Victory Building
1001 Chestnut Street, Suite 101
Philadelphia, PA 19107-4219

Tel: 215.636.8490

Fax: 215.636.8495

American Land Fund and
KL Realty, The Victory Building
1001 Chestnut Street, Suite 101
Philadelphia, PA 19107-4219

Tel: 215.599.2180 Ext. 202

Fax: 215.599.2280

- Ph.D., Economics, University of Chicago, 1977
- M.A., Economics, University of Chicago, 1976
- B.A., Ashland College, 1973

1997 -  2012 - Co-Editor of The Wharton Real Estate Review

1990 - 1997 - Chairman, Wharton Real Estate Department/Unit, the Wharton School of Business, University of Pennsylvania

1987 -   2011 - Albert Sussman Professor of Real Estate, Finance, and Public Policy, the Wharton School of Business, University of Pennsylvania

1986 - 1997 - Director, Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of Business, University of Pennsylvania

1988 - 1989 - Professor of Finance and Public Policy, the Wharton School of Business University of Pennsylvania

1984 - 1988 - Associate Professor of Finance and Public Policy, the Wharton School of Business, University of Pennsylvania

1979 - 1984 - Assistant Professor of Finance and Public Policy, Wharton School, University of Pennsylvania

1978 - 1979 - Assistant Professor of Business Economics, Graduate School of Business, University of Chicago

1977 - 1979 - Post Doctoral Fellow in Economics, Center for the Study of the Economy and the State, University of Chicago



2011 - Present - CEO and Founder, KL Realty

1978 - Present - Principal, Linneman Associates

2009 - 2015 - Trustee of Urban Land Institute

2006 - 2016 - Chief Economist, NAI Global

2005 - 2012 - Partner, Gerber-Taylor Realty Fund

2005 -  Present - CEO and Founder, American Land Fund

2000 -  Present - Author, The Linneman Letter

1994 - Present - Organizer/Sponsor/Moderator, Marshall Bennett Classic Roundtable

1994 - 2009 - Member, Urban Land Institute Capital Markets Group

1998- 1999 - Senior Managing Director, Equity International Properties, Ltd., and Vice Chairman of Equity Group Investments, Inc.

1997- 1998 - Vice Chairman, Amerimar Realty



Real Estate Entrepreneurship
International Real Estate Comparisons
Real Estate Development
Real Estate Finance and Investments
Urban Economics
Mergers and Acquisitions
Industrial Relations
Economics and Regulation
Finance Seminar
Public Policy and Private Development
Research Seminar



Has chaired approximately 20 doctoral theses and served on an additional 20 Ph.D. theses committees.


Outstanding Paper, 2003 Southern Finance Association Conference, Real Estate Economics and Economies of Scale: The Case of REIT.

Named one of the 25 “Most Influential People in Real Estate” by Realtor Magazine, 2003.

Realty Stock Review Special Achievement Award for a scholarly paper with the greatest impact on the industry (for “The Forces Changing the Real Estate Industry Forever”), 1997.

Counselor of Real Estate 1996-1999

Urban Land Institute Research Fellow, 1988-1998, 2000-2007

Coordinator, Wharton Executive Education Mergers and Acquisitions course, 1986-1998

3 Year Research Grant ($300,000) from the Glenmeade Foundation to study urban decentralization, 1987 (co-recipient with Anita Summers)

Recipient of a grant from John M. Olin Foundation to organize and direct the John M. Olin Speaker Series on Political Economy (at Wharton), 1985-1990

Urban Studies Scholar, University of Glasgow, 1985

Outstanding Alumni, Ashland College, 1985



A consultant on real estate finance and investments. Clients have included: Lubert-Adler Real Estate Funds, Equity International Properties, Sunbelt Management, General Electric Capital Corporation, IBM, Michelin Tire, Merrill Lynch, Baring Brothers, AT&T, Chubb & Sons, CIGNA, the Federal Trade Commission, Federal Express, Eastdil Realty, Equity International Realty Investors, the Paramount Group, Microsoft, Commerzbank, Equity Group, Trammell Crow Company, Spectrum Alliance, Opus, Graham Partners, AvalonBay, American Asset Corporation, Kellogg Company, and NAI.



Director, Paramount Group Real Estate, 2014 - Present


Director, Commonwealth Real Estate Investment Trust, 2014 - Present


Director, Regency Centers, 2017- Present


Director, AG Mortgage Investment Trust, 2011 - Present


Director, I Have a Dream Foundation, 2013 - Present


Founder/Chairman, Save a Mind, Give a Choice, 2003 - Present


Director, Dragon Acquisition Corporation, 2010 - 2012

Director, Atrium European Real Estate, Ltd., 2008- 2017

Advisory Board, E.X. Capital Partners, LLC, 2005- 2007

Advisory Board, Sequence Capital, 2004- 2012

Director, J E Robert Income Trust, 2004-2011

Director, Bedford Properties, 2003-2006

Advisory Board Member, American Asset Corp, 2003- 2006

Advisory Board Member, Paramount Realty Fund 2003- 2014

Director, Equity One, Inc. (Executive Committee), 2000- 2017

Director, Resolution Capital Group, 2000-2002

Director, Crosland Group, 2000- 2011

Director, GMFS, 1999-2002

Director, Albert Abela Group, 1999-2000

Director, Water Systems Inc., 1999- 2006

Director, Equity International Properties, Ltd., 1998-2000

Managing Director and Vice Chairman of Investment Committee of Amerimar Realty, 1997-1998

Director, Rockefeller Center Properties, 1993- 1996

Chairman of the Board, Rockefeller Center Properties, 1995-1996

Director, Gables Residential Properties, 1993-1998

Director, Kranzco Realty Trust (Executive Committee), 1992-1999

Director, Universal Health Realty Income Trust, 1986-1998

Director, Sunbelt Properties, 2008-2016 

Director, Equity Office Properties (Executive Committee), 1997-1998