Department of Real Estate 
News / Events / Announcements: 2005 and before

Student Wins Leadership Award 
December, 2005 - William (Will) F. Kilgore, Jr. (MBA '06) has been selected as the first recipient of the Association for Corporate Growth MBA Student Scholarship. The award was set up through a partnership with the College and the Association for Corporate Growth, the premier global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions for mid to large companies. As the award recipient, Will receives a $3,000 scholarship and a one-year, complimentary membership to the Association for Corporate Growth, and the opportunity to attend the Association's annual winter "Capital Connection" conference, attended by over 650 representatives from private equity groups around the country.

 Will currently works as an intern with CCG Advisors, a firm specializing in mergers and acquisitions. He is pursuing an MBA with a concentration in finance and real estate.

The Association for Corporate Growth has more than 7,000 members representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 42 chapters in North America, Europe.

Dr. Karen Gibler's article published
November, 2005 - Dr. Karen M. Gibler's article with GSU graduate, Euehun Lee, appears in the latest issue of Journal of Housing for the Elderly. The title is "The Impact of Economic, Demographic and Cultural Changes on Preferences for Independent Living and Seniors Housing in South Korea.

REIAC/GSU Hall of Distinction
November, 2005 - The Department of Real Estate and REIAC announce the creation of the REIAC/GSU "Hall of Distinction." The first inductee, Jim Jacoby, Chairman of Jacoby Development, was honored at the quarterly REIAC meeting, November 17, 2005 at 4:30 pm at the Ritz Carlton Buckhead. The program, "Atlantic Station – From Dream to Reality," included presentations by Jim Jacoby, Derrick McSwain (CFO, Atlantic Station, LLC), and Brian Leary (VP Design & Development, Atlantic Station, LLC). Lisa Borders (President, Atlanta City Council) was a special guest. Dr. Julian Diaz (Interim Chair, Department of Real Estate) discussed GSU/REIAC initiatives.

Gibler Attended CoreNet Global Summit
October, 2005 - Dr. Karen M. Gibler attended the CoreNet Global Summit in Las Vegas, October 23-26 with the support of a GSU Advancement of Women grant award. CoreNet Global is a professional association for corporate real estate and related professionals headquartered in Atlanta. Its membership totals 7,500 corporate real estate executives, service providers and economic developers. The Atlanta Chapter has helped support the Real Estate Research Center at GSU.

Walker Selected for Mentoring Program
October, 2005 - The Real Estate Group of Atlanta [R.E.G.A.] has selected Jeff Walker, an MBA real estate student, for its 2005-2006 mentoring program. R.E.G.A. is an association of 150 of Atlanta' s top young commercial real estate professionals representing all sectors of the industry.

Each GSU real estate student selected for the program is matched with a mentor who volunteers time to acquaint the student with the real estate industry. Mentors can help with designing a career path, identifying job opportunities, and making contacts in the industry. Several past participants have found new jobs directly through the mentoring program. Others have later been invited to join the organization as full members.

In addition to meeting privately with the mentor, students attend the monthly meetings that consist of an informal roundtable discussion, a networking session, and an invited speaker. Speakers have included the directors of real estate for Coca-Cola Enterprises and Chick-fil-a and the presidents of Turner Properties and Cousins Market Centers.

Zibrowski Receives Walker Award Citation
May, 2005 - Alan Ziobrowski's study, "Abnormal Returns from the Common Stock Investments of the United States Senate," has received the Jack L. Walker Award for best article published in the last two years in the general field of political organizations and parties.

According to the selection committee, "The article's importance is manifold. It is remarkable simply as a research achievement. It is also valuable for political scientists, however, because it provides a model example of how stock market data can be used to pin down propositions that have historically been highly disputed. The author's discovery that U.S. Senators beat the market approximately 12 percent a year is remarkable."

Earlier this year, the study received the William F. Sharpe Award for best article published in the Journal of Financial and Quantitative Analysis for the calendar year 2004.

New Study Suggests U.S. Senators Profit From Privileged Information
February, 2004 - A new study forthcoming in the Journal of Financial and Quantitative Analysis suggests that some U.S Senators use information not available to other investors when making their personal investment decisions. They found that the Senators' common stock investments significantly outperformed the earnings of other investors by almost 12% annually.

According to the study, based on data from 1993 to 1998, the stocks in which the Senators invested yielded unusually high profits beginning shortly after the Senators bought them and continued to earn extraordinarily large returns for a full year.

"This certainly suggests that some Senators knew precisely which stocks to buy, when to buy them, and when to sell them," says Alan J. Ziobrowski, Associate Director and Professor of Real Estate Department at the Robinson College of Business and co-author (with Ping Cheng, assistant professor at Florida Atlantic University, James W. Boyd, associate professor at Kent State University and Brigitte J. Ziobrowski, professor at Augusta State University) of "Abnormal Returns from the Common STock Investments of the United States Senate."  Read archived news on the study...

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