Staff Profile:Dr Gianluca Marcato

Name:

Dr Gianluca Marcato

Job Title:

Reader

Responsibilities:

Areas of Interest:

Research groups / Centres:

Centre for Real Estate Research

Publications:

Qualifications:

PhD in Finance, CASS Business School
MSc in Real Estate Investment (with distinction), CASS Business School
BSc in Business Administration (Laurea Summa cum Laude), Bocconi University
Financial Services Authority Certificate for Corporate Finance Representative

Profile

Gianluca Marcato is Reader (Associate Professor) in Real Estate Finance and Director of the Master in Real Estate Finance and Investment at the University of Reading, where he is also Senior Research Associate at the ICMA Centre. Previously he worked at CASS Business School and Bocconi University. Starting from a background in corporate finance, he developed an interest in real estate, and particularly in investment, portfolio management and real estate finance. Lately his research and teaching interest is expanding into securitized real estate products such as REITs, derivatives, CMBS and unlisted funds.

As a consultant in the real estate industry, he led the introduction of a new real estate index and benchmarking service for IPD in Italy and still works as a senior consultant in the research, training and Italian teams. He also created the Jones Lang LaSalle style index, and worked for several other companies on issues such as performance measurement, investment and securities appraisal, portfolio management and real estate finance.

Recent Key Publications

Fuerst, F. and Marcato, G. Style Analysis in Real Estate Markets: Beyond the Sectors and Regions Dichotomy. Journal of Portfolio Management, Vol.32, pp. 85-99, September 2009

Ling, D. Marcato, G. and McAllister, P. The Dynamics of Asset Prices, Capital Flows, and Transaction Activity in Illiquid, Informationally Inefficient, Commercial Real Estate Markets. Journal of Real Estate Finance and Economics, Vol. 39 No. 3, 359-383, 2009. 

Marcato, G. and Ward, C. Back from Beyond the Bid-Ask Spread: Estimating Liquidity in International Markets, Real Estate Economics, Vol. 35 No. 4, pp. 597-620, 2007.

Marcato, G and Key, T. Smoothing and Implication for Asset Allocation Choices, Journal of Portfolio Management, Vol.32, pp. 85-99, September 2007.

Marcato, G and Key, T. Direct Investment in Real Estate: Momentum Profits and Their Robustness to Trading Costs. Journal of Portfolio Management, Vol. 31, pp. 55-69, September 2005.

Booth, P. and Marcato, G. The Measurement and Modelling of Commercial Real Estate Performance, British Actuarial Journal, Vol. 10 No. 1, pp. 5-61, 2004.