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140A Wohlers Hall
1206 South Sixth Street
Champaign IL 61820

(217) 333-2278

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Roger E. Cannaday

Associate Professor Emeritus of Finance


Ph.D. Business Administration, University of South Carolina, 1980.
M.C.E. Civil Engineering, North Carolina State University, 1973.
B.S. Civil Engineering, Virginia Polytechnic Institute & State U, 1962.

Research Interests

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.


Journal Articles

"A Multivariate Repeat-Sales Model for Estimatiing House Price Indices" R. Cannaday, H. Munneke, T. Yang, Journal of Urban Economics, (57) March, 2 320-342 2005.

"Value of the Option to Develop Residential Land: An Empirical Estimate" R. Cannaday, A. Gu, Real Estate Review, (32) Winter, 4 60-65 2004.

"Optimal Leverage Strategy: Capital Structure in Real Estate Investments" R. Cannaday, T. Yang, Journal of Real Estate Finance and Economics, November, 263-271 1996.

Working Papers

"The Microeconomics of Valuing Mortgage Assumptions" R. Cannaday, 2003.

"A Further Test of Assessment Uniformity: Chicago Condominiums" R. Cannaday, 2002.

Honors and Awards


© Copyright 2005 Department of Finance, University of Illinois at Urbana-Champaign