Walter Torous

Dr. Torous is Director of the Center’s Master’s program and a Senior Lecturer holding a joint appointment in the Center for Real Estate and the Sloan School of Management. As one of the nation’s top scholars and researchers in real estate finance, he teaches graduate courses in Mortgage Securitization and Other Assets and Real Estate Finance.

Walter was the Lee and Seymour Graff Distinguished Professor and is founding director of the Ziman Center for Real Estate. He’s also Professor Emeritus at UCLA’s Anderson School of Management, where he taught managerial finance, real estate finance, and empirical methods in finance. Walter’s research interests include the pricing of financial instruments (options, future, risky debt, mortgages), the reorganization of financially distressed firms, as well as statistical issues in finance.

Formerly editor of Real Estate Economics, the official publication of the American Real Estate and Urban Economics Association (AREUEA) and associate editor of the Journal of Real Estate Economics and Finance, he previously served as associate editor for the Journal of Housing Economics, the Pacific-Basin Finance Journal and Economic Notes.

He previously taught at the University of Michigan and the London Business School. His consulting clients include various banks and financial institutions. Walter holds a BMath in Economics from the University of Waterloo and a PhD in Economics from the University of Pennsylvania.