I am an Assistant Professor of Finance at Yale School of Management. I received my PhD from the Economics Department at Columbia University.
My research explores topics in real estate, corporate finance, and macro-finance.
I study issues related to the regulation of real estate markets and where firms choose to locate their operations in response to local tax and financing incentives. My work also touches on household finance and climate finance aspects of property investment, including climate-proofing buildings and green home energy adoption.
My research has been featured in national news outlets, including CNBC and Newsweek, and has informed national policy through HUD and SCOTUS briefs.
My CV is here My SSRN page Google Scholar Official Yale page
If you are a Yale undergraduate or graduate student interested in part-time research assistant opportunities, please see application instructions here. Yale undergraduates can apply for Fall 2026 Tobin RA openings for my active projects on property tax assessments and environmental cleanup incentives (deadline: September 11th, 2026).
Recent updates:
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Brand new paper, "Contaminated Capital: Brownfield Cleanups, Entrepreneurship, and Place-Based Redistribution," co-authored with Aymeric Bellon and Jason Chen. We show how EPA brownfield cleanup grants turn contaminated land into productive local capital, crowding in private and public investment while increasing firm entry, employment, and nearby property values.
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Revised July 2026 version of “Pricing Government Contract Risk Premia: Evidence from the 2025 Federal Lease Terminations,” joint with Soon Hyeok (Steve) Choi. We show how DOGE contract cancelations led to persistent negative effects on CMBS bond pricing and commercial property performance through 2025Q4, leading to large projected losses of around 8% of Washington, D.C. office market value.
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I evaluate “Corporate Responses to Place-Based Policies,” in a survey article forthcoming in Oxford Research Encyclopedia of Economics and Finance. The piece offers new facts about the prevalence of subsidies targeting firms in the U.S.