Dr. Sam Chandan
Adjunct Professor, University of Pennsylvania - CC
Member of the Real Estate Council
Council Member Biography
Sam Chandan, PhD, is President and Chief Economist of Real Estate Econometrics and Adjunct Professor at the Wharton School of the University of Pennsylvania. Amongst the commercial real estate industry's preeminent economists, Dr. Chandan has served as an advisor to a vast array of the nation's banks and non-bank lenders, securitized debt market participants, equity investors, developers, operators, and policy makers. He has expertise in the analysis of property market trends, capital, and credit market performance, and the identification of systemic risk in commercial mortgage portfolios. Prior to forming Real Estate Econometrics, Dr. Chandan was Chief Economist at Reis, where he was responsible for forecasting, valuation, risk, and capital markets products and research, and CMBS and portfolio analytics services. Dr. Chandan holds a PhD from the Wharton School and was a doctoral scholar at Princeton University. He has taught economics at Wharton and Dartmouth College. (This is me - Update Profile)
Employment History
- 2009 - Unspecified
- Adjunct Professor, University of Pennsylvania - CC
- 2008 - Unspecified
- President and Chief Economist, Real Estate Econometrics
- 2004 - 2005
- Visiting Professor, DARTMOUTH COLLEGE
- 2003 - 2008
- Chief Economist and Senior Vice President, REIS, INC.
- 2001 - 2004
- Lecturer in Business and Public Policy, WHARTON SCHOOL
GLG NewsSM Analyses by Sam Chandan(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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The Bankruptcy of GGP and the Prognosis for Retail REIT Debt Management
April 27, 2009
Mall operator General Growth Properties files for bankruptcy protection | www.dallasnews.com
As in the case of GGP’s bankruptcy, debt structure issues will dominate amongst REIT default drivers over the course of the commercial real estate market adjustment. Defaults will exert downward pressure on property prices but will also facilitate an increase in transaction volumes by forcing sellers’ prices to meet buyers’ expectation of adjustments. Weakening fundamentals will coincide with debt-related distress during the process of price adjustment. Occupancy within GGP’s mall portfolio fell by a relatively modest 130 basis points between year-end 2007 and 2008. But a combination of bankruptcies, a drop in renewal rates on expiring leases, and violations of co-tenancy covenants will undercut mall fundamentals to a greater degree in 2009 than was observed in 2008. Going forward, the effective operation and management of space will prove to be of critical importance for REITs with lower leverage.
Leading institutions connect with Sam Chandan through GLG
GLG Study Groups with Sam Chandan(?)
| Study Group Name | No. Members |
|---|---|
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| Medical Geneticists (US) | 85 |
| Retail Brokerage Experts (Florida) | 83 |
| Microsoft Certified Solution Developers (North America) | 16 |
GLG Live Meetings with Sam Chandan(?)
Recent Seminars
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October 9, 2009 | New York
Seminar: Commercial Real Estate - Market Fundamentals and Policy (New York) -
March 17, 2009 | New York
GLG Seminar: (NYC) Crisis in the Real Estate Economy -Risk and Opportunity in Commercial Real Estate -
April 17, 2008 | New York
GLGi: National Multifamily & Commercial Market Overview -
October 23, 2007 | San Francisco
GLGi: National Outlook - Multifamily and Commercial Real Estate Markets -
October 17, 2007 | Boston
GLGi: National Outlook - Multifamily and Commercial Real Estate Markets