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About Jim Clayton
Jim Clayton was appointed Professor and Timothy R. Price Chair in Real Estate and Infrastructure at the newly established Brookfield Centre in the Schulich School of Business at York University in Toronto in January 2018. He is tasked with helping to lead and establish the Brookfield Centre as a global centre of excellence in teaching, research and engagement with industry and government. The Centre’s activities include Schulich’s 12-month Master of Real Estate and Infrastructure (MREI) program — the first of its kind in Canada and one of only a few in the world – one that builds on the School’s long-existing MBA specialization in real estate and infrastructure. Professor Clayton returned to academia and Canada from global investment manager Barings (formerly Cornerstone), where he was Head of Real Estate Investment Strategy and Analytics. He was responsible for monitoring and forecasting real estate investment and capital market trends, advising on fund and client investment and portfolio strategy, and delivering applied research and strategic thought pieces. He also sat on the equity and debt investment committees and the valuation committee. While at Barings Jim was an Adjunct Professor in the Real Estate Program in the School of Business at the University of Connecticut.
Prior to joining Cornerstone Real Estate Advisers, that later became part of Barings, in 2008, he was Director of Research at the Pension Real Estate Association (PREA), and prior to that had faculty positions at the University of Cincinnati and Saint Mary’s University in Halifax, Nova Scotia. He currently teaches in executive education programs for NAIOP and the Real Property Association of Canada (REALpac). Jim Clayton is a co-editor of the bi-annual special issue of The Journal of Portfolio Management devoted to real estate, a Fellow, and former President, of the Real Estate Research Institute (RERI), a Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics, and a past recipient of a Homer-Hoyt Institute post-doctoral fellowship. He is a member of the PREA Research Committee and a previous co-chair of the PREA Research Affinity Group.
Honours
2015 President of the Real Estate Research Institute (RERI)
2014 Co-chair of the Pension Real Estate Association (PREA) Research Affinity Group
2014 (2010, 2012, 2013) MBA Teacher of the Year Award, Real Estate, University of Connecticut
2012 Invited to present to the Board of Directors of the Canadian Pension Plan Investment Board (CPPIB)
2011 Named a Fellow of the Real Estate Research Institute (RERI)
2009 Award for best paper published in the Journal of Real Estate Portfolio Management
2008 Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics
2007 Counselors of Real Estate William S. Ballard Award for best feature article in Real Estate Issues
2007 Outstanding editorial board member award, Real Estate Economics journal
2005 Journal of Property Research best paper award, European Real Estate Society (ERES)
Recent Publications
Clayton, J., Fabozzi, F., Giliberto. S.M., Gordon, J. Liang, Y., MacKinnon, G. and Mansour A., 2017. “The Expansion of Real Estate,” The Journal of Portfolio Management Special Real Estate Issue, 43 (6), 11-22.
Clayton, J. and Henderson, J., 2016. “Coral Reefs, Sharks, Commercial Mortgage Backed Securities (CMBS) and the Law of Unintended Consequences,” (with Jamie Henderson), Dialogues, National Association of Real Estate Investment Managers (NAREIM), Spring.
Clayton, J., Fabozzi, F., Giliberto. S.M., Gordon, J. Liang, Y., MacKinnon, G. and Mansour A., 2015. “New Horizons and Familiar Landscapes: New Capital Sources Confront Shifting Real Estate Fundamentals,”
The Journal of Portfolio Management, Special Real Estate Issue, 41 (6), 11-20.Geltner, D., Miller, N, Clayton J. and Eichholtz, P. Commercial Real Estate Analysis & Investments (3rd edition), On-course learning, 2014. [Graduate level textbook].
Arsenault, M., Clayton, J. and Peng, L., 2013. “Mortgage Fund Flows, Capital Appreciation and Real Estate Cycles”, Journal of Real Estate Finance and Economics, 47 (2), 243–265.
Clayton, J., Fabozzi, F., Giliberto. S.M., Gordon, J. Liang, Y., MacKinnon, G. and Mansour A., 2013, “Portfolio Strategy and Structure Take Center Stage: “How, What, Where, and When?” Replace “Why?” The Journal of Portfolio Management Special Real Estate Issue, 39 (5), 12-20.
Clayton, J. and Peng, L., 2011. “Mortgage Flows and Commercial Property Price Cycles”, The Journal of Portfolio Management, Special Real Estate Issue, September 2011.
Clayton, J., Miller, N. and Peng, L., 2010. “Price-Volume Correlation in the Housing Market: Causality and Co-Movements,” Journal of Real Estate Finance and Economics
Clayton, J., 2009. “Debt Matters: Leverage, Liquidity and Property Valuation,” Journal of Real Estate Portfolio Management,” 15(1).
Clayton, J., Ling, D. and Naranjo, A., 2009. “Commercial Real Estate Valuation: Fundamentals versus Investor Sentiment,” Journal of Real Estate Finance and Economics, 38 (1).
Clayton, J. and Kaiser, R., 2008. “Assessing and Managing Risk in Institutional Real Estate Investing,” Journal of Real Estate Portfolio Management, 14 (4).
Courses Taught
PROP 6001 Leadership in Real Estate
PROP 6150 Economic Forces Shaping the City
Jim Clayton
Professor and Timothy R. Price Chair, Brookfield Centre in Real Estate & Infrastructure
Ph.D. (University of British Columbia)M.A. (University of Western Ontario)
B.A. Honours (Queen's University)