Richard B. Peiser, Faculty Director

Richard B. Peiser, Ph.D. was appointed the first Michael D. Spear Professor of Real Estate Development in the Department of Urban Planning and Design at the Graduate School of Design of Harvard University. He joined Harvard in 1998 after being on the faculty at the University of Southern California since 1986, where he served as director of the Lusk Center for Real Estate Development, and Academic Director of the Master of Real Estate Development Program, a program he founded in 1986. At Harvard, he is coordinating the university wide Real Estate Academic Initiative.

A planner and entrepreneur-developer as well as an expert in real estate finance, he has also demonstrated an interest in spatial and design issues as well as in the economics of land development. Through various partnerships in Texas and California, he has engaged in home building and apartment development, industrial portfolio acquisition, and large-scale land development and management. Peiser's primary research has focused on developing an understanding of the response of real estate developers to the marketplace and to the institutional environment in which they operate, particularly in the areas of urban redevelopment, affordable housing, and suburban sprawl. The Urban Land Institute recently published the second edition of his book, Professional Real Estate Development: The ULI Guide to the Business (2003).

Dr. Peiser was born in Houston, Texas and grew up in Dallas. He received his B.A. from Yale University, his M.B.A from Harvard University and his Ph.D. in Land Economy from Cambridge University. He is a Past Trustee of the Urban Land Institute, co-editor of the Journal of Real Estate Portfolio Management, and serves on the board of Berkshire Income Realty, Inc.