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Cambridge Real Estate Research Centre

 

This week we welcome back Professor Shaun Bond who has previously held a lectureship at the Department of Land Economy. 

Shaun Bond is the Frank Finn Professor of Finance in the UQ Business School at the University of Queensland. Shaun has research interests in real estate finance and financial economics. Prior to joining the UQ Business School, Shaun was the West Shell Professor of Real Estate in the Department of Finance at the University of Cincinnati and the Director of the UC Real Estate Center.

Shaun has also been a visiting professor at the Pennsylvania State University and the George Washington University. He holds a PhD and an MPhil in Economics from the University of Cambridge, and an undergraduate degree in Economics from the University of Queensland (awarded with First Class Honours).

Shaun will be presenting at our internal Land Economy Research Seminar on "Natural Disasters, Regional Economic Structure and Commercial Real Estate". 
 

The economic consequences of weather and climate disasters in the United States are of significant concern to institutional investors. In this paper we study commercial real estate market outcomes in response to natural disasters. In particular, we draw on recent research examining resilient regions and show how measures of resiliency may predict which markets and property types recover more quickly from natural disasters. We first investigate the price and cash flow impacts of a natural disaster to understand how market signals are responding to the occurrence of extreme climate events. Second, we consider how investors are responding to, and potentially mitigating, evolving climate risks by examining capital expenditure strategies in areas before and after extreme events occur. In each case we investigate these questions in the context of the economic resiliency of the region in which the property is located.

Thank you for visiting us Shaun.