PLAN 84: Article
New Faculty: Walter Torous

Top Scholar in Real Estate Finance

Walter Torous, one of the nation’s top scholars in real estate finance, has been appointed a Senior Lecturer in the MIT Center for Real Estate for a five-year term, a joint appointment with the Sloan School of Management.

Torous was the Lee and Seymour Graff Distinguished Professor and founding director of the Ziman Center for Real Estate at the UCLA Anderson School of Management. He has published a number of articles in academic journals on the valuation of mortgage-backed securities and mortgage pass-through securities, mortgage prepayment and default, and the valuation of commercial mortgages.

Currently editor of Real Estate Economics, the official publication of the American Real Estate and Urban Economics Association?and associate editor of the Journal of Real Estate Finance and Economics, he has previously served as associate editor for the Journal of Housing Economics, the Pacific-Basin Finance Journal and Economic Notes.

Torous has previously taught at the University of Michigan and the London Business School; at MIT, he is teaching a graduate course in Mortgage Securitization, offered to MSRED and Sloan graduate students.

He holds a BMath in Economics from the University of Waterloo and a PhD in Economics from the University of Pennsylvania.