Yildirim named Falcone Chair in Real Estate, will direct Kuhn Real Estate Center at Whitman School


YildirayYildirimKenneth Kavajecz, dean of the Martin J. Whitman School of Management at Syracuse University, has announced the appointment of Yildiray Yildirim, professor of finance, as the Michael Falcone Chair in Real Estate, in recognition of his work within the real estate field and for his continuing contributions to the School. Additionally, Yildirim will assume the directorship of the James D. Kuhn Real Estate Center at Whitman. His appointments are effective at the conclusion of the Spring 2014 semester.

As Falcone chair and director of the Kuhn Center, Yildirim will lead the School’s efforts in the areas of real estate research, teaching and outreach.

“The real estate field is an important part of today’s business curriculum and I am glad that the Whitman School has a thought leader in this critical area,” says Michael Falcone ’57 BS, SU trustee and a member of the Whitman Advisory Council. 

The James D. Kuhn Real Estate Center was inaugurated in 2006 by a generous donation from Whitman alumnus James D. Kuhn ’70 BS, ’72 MBA, president of Newmark Grubb Knight Frank, the fourth largest global real estate brokerage firm in the world. Kuhn, vice chair of the SU Board of Trustees and chair of the Whitman Advisory Council, also established the Leo and Sunnie Kuhn Scholarship for students interested in the study of real estate.

“The Kuhn Center has great potential and a bright future under Professor Yildirim’s leadership,” says Kuhn.

Yildirim developed the undergraduate real estate program at SU in 2009 and has taught finance and real estate courses, including real estate finance and investment, real estate capital markets, case studies in real estate investment, fixed income securities and corporate finance.

Yildirim’s research interests are credit risk and rating (theoretical and empirical), structured finance, real estate in particular securitization and commercial leasing. Yildirim has published in Journal of Financial and Quantitative Analysis, Real Estate Economics, The Journal of Real Estate Finance and Economics, Journal of Fixed Income, and Annals of Applied Probability, among others. He is an associate editor for the Mathematical Finance Letters, ICFAI Journal of Financial Risk Management, Eurasian Journal of Business and Economics, Journal of Economic and Social Studies and Central Bank Review.

He was a visiting scholar at Princeton University, Office of Comptroller of the Currency in the U.S. Department of the Treasury, and Borsa Istanbul. He provided consultancy at the U.S. Department of

Housing regarding multifamily mortgage default and foreclosure, and most recently received a grant from JP Morgan Chase on commercial mortgage origination and tenant risk.

He graduated from Yildiz Technical University (Istanbul) with a Bachelor of Science degree in computer science and engineering. He earned both a Master of Arts in economics and a Ph.D. in statistics from Cornell University.