Charles G. Nathanson is an Assistant Professor of Finance at the Kellogg School of Management at Northwestern University. He studies asset pricing, with a particular emphasis on the real estate market. His work has focused on how beliefs about price growth drive real estate cycles. In particular, he has examined extrapolative expectations and land market speculation.

Professor Nathanson received his Ph.D. in Economics in 2014 from Harvard University. Prior to graduate study, he worked at the National Economic Council and at Jane Street Capital.

Asset Pricing, Behavioral Finance, Public Finance, and Real Estate

• Ph.D., 2014, Economics, Harvard University, Harvard University
• A.M., 2011, Economics, Harvard University, Harvard University
• A.B., 2009, Mathematics, Harvard University, Harvard University, magna cum laude

• Donald P. Jacobs Scholar, Kellogg School of Management, Northwestern University, 2014-present
• Assistant Professor of Finance, Finance, Kellogg School of Management, Northwestern University, 2014-present

• Bradley Fellowship, 2012-2014
• Price Theory Scholar, Becker-Friedman Institute at the University of Chicago, 2011
• Alfred P. Sloan Foundation Research Grant, 2010
• Graduate Fellow, Federal Reserve Bank of Boston, 2010-2011
• NSF Graduate Research Fellowship, 2010-2013

Behavioral Finance, Real Estate

Real Estate Finance and Investments (FINC-454-0)
This course is an introduction to the most fundamental concepts, principles, analytical methods and tools useful for making investment and finance decisions regarding commercial real estate assets. We begin the course by considering investment in fully operational income properties. Later, the course takes a close look at real estate capital structure and operating companies. The course concludes with an examination of commercial real estate financing, with an emphasis on public and private mortgage markets. We will study commercial real estate using the tools and framework of modern corporate finance and investments, while focusing on the institutional features unique to the real estate industry. The course provides the intuitive and analytical underpinnings of property valuation, deal structuring, and debt pricing. As such, it is useful for students with industry experience as well as students without a real estate background who may be interested in learning more about real estate as an asset class or those who are contemplating making future real estate investments, both personally and professionally.