Faculty

Ross Faculty Members

Raphael Bostic

Raphael Bostic is the Associate Director of the USC Lusk Center for Real Estate and an Associate Professor in USC’s School of Policy, Planning, and Development (SPPD). He is also the Director of the Master in Real Estate Development Program in SPPD. Prior to joining SPPD, Mr. Bostic spent six years on the staff at the Federal Reserve Board of Governors. While at the Fed, he was responsible for studying and advising on fair lending and discrimination issues and received a Special Achievement Award in 2000 for his work supporting a Congressional mandate. Mr. Bostic has done extensive research on housing markets and homeownership, including a recent study on barriers to homeownership and determinants of gentrification. He also has written extensively on consumer banking issues, with a particular focus on mortgage and small business lending, bank branching patterns, and credit scoring and automated underwriting. He is currently conducting research on the ways in which the Community Reinvestment Act has influenced the behavior of lenders and credit markets. His broad research interests include financial markets and institutions, with a particular focus on banks in community development, the role and effects of regulation in banking, housing and homeownership, urban economic growth, wage and earnings profiles, and policy analysis generally. His work has been published in the Journal of Urban Economics, Real Estate Economics, the Journal of Real Estate Finance and Economics, and the Journal of Banking and Finance. At USC, Mr. Bostic teaches courses in affordable housing development, urban economics, and public finance. Mr. Bostic received his B.A. in psychology and economics from Harvard University in 1987 and his Ph.D. in economics from Stanford in 1995.

Richard K. Green

Richard K. Green, Ph.D., is the Director of the USC Lusk Center for Real Estate. He holds the Lusk Chair in Real Estate and is Professor in the School of Policy, Planning, and Development and the Marshall School of Business. Prior to joining the USC faculty, Dr. Green spent four years as the Oliver T. Carr, Jr., Chair of Real Estate Finance at The George Washington University School of Business. He was Director of the Center for Washington Area Studies and the Center for Real Estate and Urban Studies at that institution. Dr. Green also taught real estate finance and economics courses for 12 years at the University of Wisconsin-Madison, where he was Wangard Faculty Scholar and Chair of Real Estate and Urban Land Economics. He also has been principal economist and director of financial strategy and policy analysis at Freddie Mac. More recently, he was a visiting professor of real estate at the University of Pennsylvania's Wharton School, and he continues to retain an affiliation with Wharton. He is or has been involved with the Lincoln Institute of Land Policy, the Conference of Business Economists, the Center for Urban Land Economics Research, and the National Association of Industrial and Office Properties. Dr. Green also is a Weimer Fellow at the Homer Hoyt Institute, and a member of the faculty of the Selden Institute for Advanced Studies in Real Estate. He was recently President of the American Real Estate and Urban Economics Association. Dr. Green earned his Ph.D. and M.S. in economics from the University of Wisconsin-Madison. He earned his A.B. in economics from Harvard University.

Christian Redfearn

Christian Redfearn is an assistant professor in USC's School of Policy, Planning, and Development and a Research Fellow at USC's Lusk Center for Real Estate. His general area of research interest is urban economics, with concentrations that include urban and regional economics, urban redevelopment, small market and neighborhood dynamics, aggregate price measurement, home ownership, and urban areas in lesser-developed countries. In addition, Prof. Redfearn is an active participant in the Casden Real Estate Economic Forecast. Prof. Redfearn has published in recently in the Journal of Real Estate Finance and Economics and the Journal of Urban Economics. In 1996, he was awarded the Fisher Center for Real Estate Dissertation Fellowship and is a member of the American Economics Association and American Real Estate and Urban Economics Association. In 2000, he (with co-author John M. Quigley) was awarded the Best Paper award at the Asian Finance Society meetings in Beijing, China. Prof. Redfearn teaches real estate finance and investments in both the Marshall School for Business and the program in Real Estate Development in the School of Planning, Policy, and Development.

Tracey Seslen

Tracey Seslen received her Ph.D. in Economics from the Massachusetts Institute of Technology in 2003 and currently teaches Real Estate Finance in the Marshall School of Business and the School of Policy, Planning, and Development at USC.  Recently, her research has focused on housing cycles, the capitalization of risk and return into housing prices, household mobility behavior, and termination risk in commercial mortgages.  She has presented her research both nationally and internationally, participating in real estate conferences from Boston to Beijing.  When not teaching or doing research in real estate, she is an avid traveler.  In 2007, she led a group of 28 MBA students on an international business study tour of Mexico and Cuba, and participated in a real estate study tour of Tokyo and Shanghai.  This will be Tracey’s second time teaching in the Ross Program.