Walter Torous

Walter Torous is a distinguished Senior Lecturer with a joint appointment at the MIT Sloan School of Management and the MIT Center for Real Estate. His academic journey has seen him impart knowledge at esteemed institutions such as the University of Michigan and the London School of Business. At UCLA, he held the prestigious position of Lee and Seymour Graff Distinguished Professor and was instrumental in establishing the UCLA Zimon Center for Real Estate, serving as its founding director. Currently, he holds the title of Professor Emeritus at the UCLA Anderson School of Management, a testament to his enduring impact on the field. Walter's research delves into the intricate world of financial instruments, with a particular focus on options, futures, risky debt, and mortgages. His work extends to the reorganization of financially distressed firms, where he explores the complexities of financial distress and its implications. Additionally, he addresses statistical issues in finance, contributing to a deeper understanding of the field's quantitative aspects. His expertise is sought after by various banks and financial institutions, where he provides valuable consulting services. In addition to his academic and consulting roles, Walter is actively involved in the dissemination of knowledge through his editorial work. He serves as the editor of Real Estate Economics, the official publication of the American Real Estate and Urban Economics Association (AREUEA). His editorial contributions extend to the Journal of Real Estate Finance and Economics, where he holds the position of associate editor, further cementing his influence in the realm of real estate finance. Walter's contributions to academia and the financial industry are marked by a commitment to advancing the understanding of financial instruments and the challenges faced by financially distressed firms. His work not only enriches the academic community but also provides practical insights for practitioners navigating the complexities of finance. Through his teaching, research, and editorial endeavors, Walter Torous continues to shape the landscape of finance and real estate, leaving a lasting legacy for future generations.