Avis Devine is an Associate Professor of Real Estate Finance and Sustainability with the Brookfield Centre in Real Estate and Infrastructure. Dr. Devine’s previous appointment was as an Assistant Professor of Real Estate with University of Guelph’s College of Business and Economics. Prior to her academic career, she was the Assistant Vice President in charge of commercial real estate underwriting and valuation for Dollar Bank, FSB in Pittsburgh, PA. Avis has a B.S. from Westminster College, an M.B.A. from Duquesne University, and a Ph.D. in Finance from the University of Cincinnati. Her research interests include Sustainability and ESG in Real Estate, Commercial Real Estate, Multifamily Housing, and Emerging Markets.
Dr. Devine’s body of research largely focuses on the financial and firm/fund performance impacts of sustainability on commercial real estate. Her research garners much industry support and has won several research awards and grants, including the 2017 Nick Tyrrell Research Prize in Real Estate Investment and a 2021 research grant from the Real Estate Research Institute (RERI). Avis’ work has been featured in The Globe and Mail, The Financial Post, The Business Mirror, Commercial Property Executive, and Business in Vancouver among others.
2021 Real Estate Research Institute (RERI) Research Grant
2020 Real Estate Research Institute (RERI) Research Grant
2018 Lawrence Berkeley National Laboratory (LBNL) & the Real Estate Research Institute (RERI) Research Grant for Sustainable Real Estate
2017 Nick Tyrrell Research Prize in Real Estate Investment
2016 Royal Institute of Chartered Surveyors (RICS) Award for Best Paper on Sustainability
2016 European Public Real Estate Association (EPRA) Research Award
2014 Aareal Award for Excellence in Real Estate Research, category: Doctoral Dissertation
2013 University of Cincinnati Real Estate Center Outstanding Graduate Student Award
2012 Eastern Finance Association Best Graduate Student Paper Award
PROP 6080 – Creative Workshop (MREI, capstone)
PROP 6650 – Commercial Real Estate Asset Management (MREI & MBA)
PROP 6550 – Sustainable Cities (MREI & MBA)
PROP 6200 – Development Prototypes (MREI & MBA)
FINE 5200 – Managerial Finance (MBA)