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Andra Ghent

Andra Ghent

Assistant Professor
Real Estate

Assistant Professor
Master of Real Estate Development

Office:BAC 573
Mailing Address:
Main Campus
PO BOX 873906
Tempe, AZ 85287-3906

Phone: 480-965-4689
Fax: 480-965-8539
Email: AGhent@asu.edu

View Vita

Personal Webpage

Ph.D., University of California, San Diego, 2008; M.A., University of Toronto, 2003; B.A. (Honors) University of British Columbia, 2001.

Research Areas:
Real Estate; Consumer Finance; and Financial Intermediation


Current Projects:
"Comparing Securitized and Balance Sheet Loans: Size Matters,” with Rossen Valkanov

“Are Young Borrowers Bad Borrowers? Evidence from the Credit CARD Act of 2009,” with Peter Debbaut and Marianna Kudlyak

“Did Affordable Housing Legislation Contribute to the Subprime Securities Boom?” with Ruben Hernandez-Murillo and Michael Owyang

"Race, Redlining, and Subprime Loan Pricing" with Ruben Hernandez-Murillo and Michael Owyang


Representative Publications:
"Infrequent Housing Adjustment, Limited Participation, and Monetary Policy,” Journal of Money, Credit & Banking, 2012, 44:5, pp. 931-55

"Recourse and Residential Mortgage Default: Evidence from U.S. States," with Marianna Kudlyak, Review of Financial Studies, 2011, 24:9, 3139-3186.

"Securitization and Mortgage Renegotiation: Evidence from the Great Depression," Review of Financial Studies, 2011, 24:6, 1814-1847.



ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.

REA 380 - Real Estate Fundamentals
Real estate for the student/consumer with an emphasis on the applied aspects of each area of real estate specialization. Not open to Real Estate majors.

RED 509 - Adv. Fin Analy for Com RE
Teaches more complex financial analysis of income-producing property, including various decision-making tools such as Monte Carlo, option pricing, assessing alternatives, and how to build these into financial models. Also teaches financial analysis of business structures to determine potential outcomes such as debt and equity structures, waterfalls, claw backs, and other business and ownership concepts. Emphasizes strategic alternatives, assessing risk and conversion events.