Stuart Gabriel

Stuart A. Gabriel is the Arden Realty Chair and Distinguished Professor of Finance at the UCLA Anderson School of Management within the Business & Economics faculty, and has served as Director of the Richard S. Ziman Center for Real Estate since 2007. He earned a Ph.D. in Economics from the University of California, Berkeley in 1981, an M.A. in Economics from Berkeley in 1980, and an A.B. magna cum laude with honors in Economics from Berkeley in 1976. Gabriel's distinguished career includes positions as Professor of Finance and Business Economics and Lusk Chair in Real Estate at the University of Southern California Marshall School of Business from 1994 to 2007, during which he directed the Lusk Center for Real Estate, co-founded the Ross Minority Program in Real Estate Finance and Development, and served as Deputy Dean for Academic Programs from 1997 to 1999. Previously, he was a Staff Economist in the Division of Research and Statistics at the Board of Governors of the Federal Reserve System from 1986 to 1990, and held visiting and lecturing roles at the University of California, Berkeley, and Ben-Gurion University of the Negev. He continues as a Visiting Professor at Tel Aviv University's Coller School of Management.

Gabriel specializes in real estate finance and economics, housing and mortgage markets, urban and regional economics, and macroeconomics, with over 80 publications in top economics and finance journals. Notable works include 'A Crisis of Missed Opportunities: Foreclosure Costs and Mortgage Modification during the Great Recession' with Matteo Iacoviello and Chandler Lutz (Review of Financial Studies, 2021), 'Can Housing Risk be Diversified? A Cautionary Tale from the Housing Boom and Bust' with John Cotter and Richard Roll (Review of Financial Studies, 2015), 'Mortgage Default Risk: New Evidence from Internet Search Queries' with Marcelle Chauvet and Chandler Lutz (Journal of Urban Economics, 2016), and forthcoming 'The Impact of Crisis-Period Interest Rate Declines on Distressed Borrowers' with Chandler Lutz (Review of Financial Studies, 2024). His contributions have been recognized with the John M. Quigley Medal for Advancing Real Estate and Urban Economics (2021), J. Clayburn LaForce Faculty Leadership Award (2023), Neidorf Decade Teaching Award (2020), and Citibank Teaching Award for Outstanding MBA Teacher (2012). A past president of the American Real Estate and Urban Economics Association and Fellow of the Homer Hoyt Institute for Advanced Studies in Real Estate, Gabriel has provided invited testimony to the U.S. House Committee on Financial Services and California legislative committees on housing crises and subprime lending, and serves on the boards of KB Home and KBS REITs.

Professional Email: stuart.gabriel@anderson.ucla.edu