John McDonald, professor of real estate in the Marshall Bennett Institute of Real Estate at Roosevelt University and the Gerald W. Fogelson Distinguished Chair in Real Estate, was awarded the prestigious David Ricardo Medal by the American Real Estate Society (ARES) at its annual conference on April 11.
The award is the highest recognition by the ARES of scholarly work in the real estate discipline. McDonald was recognized because of his “outstanding and long-term influence on real estate research and thought, as evidenced by his extensive and well-cited publications record. Over his career, he has profoundly influenced the research directions, teaching and practice of the real estate discipline.”
“This recognition is more than well deserved,” said Roosevelt University President Chuck Middleton. “For years John has been a prominent figure and influence in the field of real estate and it is wonderful to see his body of scholarly work and accomplishments rewarded.”
Jon B. DeVries, director of the Marshall Bennett Institute of Real Estate, also praised McDonald for the award. “John is so deserving of this award. This achievement is a testament to John’s knowledge and expertise in the field, and the Marshall Bennett Institute, and Roosevelt University as a whole, is proud to have him as a part of our community.”
Decided by at least a two-thirds committee vote, the David Ricardo Medal recognizes a person who has created a significant body of published research in academic professional journals spanning at least two decades, and includes multiple important, influential writings in journals and/or books. The medal is awarded annually or less frequently, depending on the year’s nominations.
McDonald joined the Heller College of Business as the Gerald W. Fogelson Distinguished Chair in Real Estate in 2009, having previously served at the University of Illinois Chicago for 38 years, including several years as the dean of the College of Business Administration. He is the author of eight books and more than 100 academic journal articles. His publications have included articles on public housing, housing discrimination, and the modern financial crisis. He is a Fellow of the American Real Estate Society, and received the Award for Distinguished Research from the Heller College of Business in 2012.
Founded in 1985, the American Real Estate Society is an association of real estate thought leaders, whose members are chosen from academia and the real estate profession. The leading real estate research and education organization, it is dedicated to research and education in real estate, improved communication and exchange of information, and facilitating the association of academic, practicing professional, and research persons in the area of real estate.
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