College of Business
Florida International University
FIU Downtown on Brickell
1101 Brickell Avenue
Miami, FL 33131-3105
Phone: (305) 779-7908
Email: wuz@fiu.edu
Zhonghua Wu
Faculty Director, Master of Science in International Real Estate (MSIRE)
Tibor and Sheila Hollo Research Fellow
Professor, Tibor and Sheila Hollo School of Real Estate
College of Business
Florida International University
FIU Downtown on Brickell
1101 Brickell Avenue
Miami, FL 33131-3105
Phone: (305) 779-7908
Email: wuz@fiu.edu
Education
Ph.D. in Business Administration
University of Wisconsin, Madison, Wisconsin
Master of Arts in Economics
Syracuse University, Syracuse, New York
Master of Science in Industrial Economics
Harbin Engineer University, Harbin, China
Bachelor of Arts in Economics
Nanchang University, Nanchang, China
Areas of Expertise
- Commercial Property Markets
- Empirical Asset Pricing with a focus on Real Estate
- Real Estate Finance and Investments
Professional Activities
Zhonghua Wu is a Professor in Real Estate and Tibor & Sheila Hollo Research Fellow at Florida International University (FIU). He earned his Ph.D. in Business Administration from the University of Wisconsin-Madison in 2006 and joined the College of Business of FIU as an Assistant Professor that same year. In 2012, he was awarded tenure and promoted to Associate Professor at FIU.Dr. Wu’s research focuses on real estate finance and investments. He has published in leading real estate journals and is recognized as a highly productive researcher in the field. His paper won the Best Manuscript Award at the 2022 Annual Meeting of the American Real Estate Society. He also serves on the editorial board of the Journal of Real Estate Research.
Since joining FIU, Dr. Wu has received multiple teaching excellence awards from the College of Business. He has been the Faculty Director of the MSIRE program since 2019. Under his guidance, FIU students have excelled in national real estate competitions, with four teams securing top prizes in recent years.
Dr. Wu has served as a referee for the National Science Foundation, Real Estate Economics, the Journal of Real Estate Finance and Economics, and other real estate and finance journals. In recognition of his outstanding review contributions to the Journal of Real Estate Research, Dr. Wu received the Red Pen Award from the American Real Estate Society in 2018.
Courses Taught
- Financial Economics II
- Global Financial Strategy
- International Financial Management
- Ph.D. Dissertation
- Real Estate Finance
- Real Estate Market Analysis
- Real Estate Principles
- Special Topics in Real Estate
Publications
Hardin W. G., Jiang X., Wu Z., & Zhang Q.
(2025).
Intrinsic Value, Transaction Price Movement, and Cointegration.
Financial Management
.
Wu Z., Feng Z., & Lu-Andrews R.
(2024).
The Impacts of Climate Risk on Commercial Real Estate: Evidence from REITs.
Journal of Real Estate Research
.
Chacon, R., Feng, Z., & Wu, Z.
(2024).
Does Investing in ESG Pay Off? Evidence from REITs.
Journal of Real Estate Finance and Economics
.
Wu, Z., & Feng, Z.
(2023).
ESG Disclosure, REIT Debt Financing and Firm Value.
Journal of Real Estate Finance and Economics
.
Feng, Z., Ooi, J., & Wu, Z.
(2023).
Analyzing the Impacts of Property Age on REITs and the Reasons Why REITs Own Older Properties.
Journal of Real Estate Finance and Economics
.
Wu Z., Hardin W. G., & Feng Z.
(2022).
Employee Productivity and REIT Performance.
Real Estate Economics
, 50(1)
.
Wu, Z., Hardin, W. G., & Feng, Z.
(2022).
REIT Chief Executive Officer (CEO) Compensation in the New Era.
Journal of Real Estate Finance and Economics
.
Wu, Z., & Feng, Z.
(2021).
Local Economy, Asset Location and REIT Firm Growth.
Journal of Real Estate Finance and Economics
.
- Chinloy, P., Hardin, I. W., & Wu, Z. (2017). Foreclosure, REO, and Market Sales in Residential Real Estate. Journal of Real Estate Finance and Economics, 54(2).
- Hardin, I. W., Jiang, X., & Wu, Z. (2017). Inflation Illusion, Expertise and Commercial Real Estate. Journal of Real Estate Finance and Economics, 55(3).
- An, H., Wu, Q., & Wu, Z. (2016). REIT Crash Risk and Institutional Investors. Journal of Real Estate Finance and Economics, 53(4).
- Chinloy, P., & Wu, Z. (2013). The Inventory-Sales Ratio and Homebuilder Return Predictability. Journal of Real Estate Finance and Economics, 46(3).
- Chinloy, P., Hardin, W., & Wu, Z. (2013). Price, Place, People, and Local Experience. Journal of Real Estate Research.
- Chinloy, P., Hardin, W., & Wu, Z. (2013). Transaction Frequency and Commercial Property. Journal of Real Estate Finance and Economics, 47(4).
- Case, B., Hardin, W., & Wu, Z. (2012). REIT Dividend Policies and Dividend Announcement Effects During the 2008-2009 Liquidity Crisis. Real Estate Economics, 40(3).
- Hardin, W. G., An, H., & Wu, Z. (2012). Information Asymmetry and Corporate Liquidity Management: Evidence from Real Estate Investment Trusts. Journal of Real Estate Finance and Economics, 45(3).
- Hardin, W. G., Jiang, X., & Wu, Z. (2012). REIT Stock Prices and Inflation: Inflation Hedge or Inflation Illusion? Journal of Real Estate Finance and Economics, 25(1).
- Hardin, I. W., & Wu, Z. (2010). Banking Relationships and REIT Capital Structure. Real Estate Economics, 38(2).
Hardin, W., Johnson, K. H., & Wu, Z.
(2009).
Brokerage Intermediation in the Commercial Property Market.
Journal of Real Estate Research
, 31(4)
.
- Hardin, I. W., & Wu, Z. (2009). Bank mergers, REIT loan pricing and takeover likelihood. Journal of Real Estate Finance and Economics, 38(3).
- Riddiough, T., & Wu, Z. (2009). Financial Constraint, Liquidity Management, and Investment. Real Estate Economics, 37(3).
Wu, Z., & Hardin, W. H.
(2008).
Clientele effects, REITs, and acquisition premiums.
Journal of Real Estate Portfolio Management
, 14(4)
.
- Benjamin, J., Chinloy, P., Hardin, W. G., & Wu, Z. (2008). Clientele Effects and Condo Conversions. Real Estate Economics, 36(3).
Johnson, K., Jonathan, W., & Wu, Z.
(2007).
On the relationship between commercial property price and its selling time.
Journal of Real Estate Portfolio Management
, 13(4)
.