Educational Background

Ph.D. Business Administration, University of South Carolina, 1980
M. Civil Engineering, North Carolina State University, 1973
B.S. Civil Engineering, Virginia Tech, 1962

Positions Held

At the University of Illinois since 1979. Director of graduate studies, 1991 to present. Director of market research, project director for Wilbur Smith & Associates, 1968-74. Highway design engineer for U.S. Department of Highways and Traffic, 1962, 1966-67.

Recent Publications

Cannaday, R., & Yang, T. 1996. Optimal leverage strategy: Capital structure in real estate investments. Journal of Real Estate Finance and Economics: November: 263-271.

Cannaday, R., & Yang, T. 1995. Optimal interest rate-discount points combination: Strategy for mortgage contract terms. Real Estate Economics, 23: 65-84.

Cannaday, R., & Colwell, P. F.1995. The cost approach: Appraisal gone wrong? Illinois Real Estate Letter, Winter/Spring.

Honors and Awards

Commerce Alumni Association Excellence in Undergraduate Teaching Award, 1989.

Academic Service

Member Board of Advisors: University of Illinois Real Estate Alumni Forum, 2001- the present; Member Board of Directors, Real Estate Educational Foundation of Illinois Association of Realtors, 1999.

Teaching and Research

Teaches courses in real estate and land economics. Research focuses on real estate valuation, both theoretical and empirical. Has served as a consultant to State of Illinois Attorney General's Office; Commercial Real Estate Training, Inc., Hoffman Estates; Appraisal Research Counselors, Ltd., Chicago; LBC & W Consultants, Inc., Columbia, S.C.

Vita

Biographical Sketch

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