CHICAGO — Award-winning economics and finance expert Patric H. Hendershott will join DePaul University’s Institute for Housing Studies as a senior research fellow effective immediately.

Hendershott has an honorary appointment as professor in the business school at the University of Aberdeen, Scotland, where until recently he served as part-time chair in property economics and finance. He also is a member of the Academic Board of the Homburg Academy. In 2007, Hendershott was the recipient of the David Ricardo Medal from the American Real Estate Society. That honor represents the highest recognition of scholarly work in the real estate discipline. In 1991, he received the George Bloom Award from the American Real Estate and Urban Economics Association for his outstanding contributions to the field of real estate.

Hendershott will work with other affiliated research fellows at the Institute for Housing Studies, which is housed in the Real Estate Center at DePaul. The institute provides analysis and data to inform affordable housing policy and practice. Hendershott’s work will connect the unique datasets available in the institute’s data clearinghouse to comprehensive academic analysis of the housing market.

“Pat Hendershott is a prodigious scholar on a broad range of subjects, including household formation and homeownership, residential housing finance, the impact of U.S. tax codes on housing, the valuation of multifamily and commercial real estate, and the securitization of mortgages and real estate,” said Jim Shilling, the Michael J. Horne Chair in Real Estate Studies and an academic project director at the institute.

Previously Hendershott held tenured positions at Purdue University and Ohio State University. Additionally, he held visiting professorships at San Diego State University, University of Melbourne and Stanford University. He has published numerous works examining a wide range of subjects pertaining to the changing dynamics of national and international housing markets. Hendershott also has consulted at a wide range of for-profit research organizations and companies including Price Waterhouse and the World Bank.

More about the Institute for Housing Studies at DePaul University is at http://www.housingstudies.org.

Tina Fassett

(312) 362-5974