Victor Calanog PhD CRE® is the Chief Economist & Senior Vice President at Reis. He and his team of economists and
analysts are responsible for the firm’s market forecasting,
valuation, and real estate portfolio analytics services.
Dr Calanog’s research has received awards and
fellowship support from several institutions, including the
Ford Foundation, the Russell Sage Foundation and the
Penn Lauder Center for International Business Research.
A prodigious researcher with broad interests, his papers in real estate economics, local government competition,
and urban fiscal policy have been presented in meetings of the American Economic Association, the American
Finance Association, the Brookings Institution, and discussed in academic forums sponsored by Harvard Business
School, Columbia University, Stanford University, the Wharton School of the University of Pennsylvania, and the
Stern School of Business at New York University.
He serves as contributor and peer reviewer for several academic journals, with scientific papers published in the
Journal of Banking & Finance, the Journal of the Risk Management Association, and cited in the Journal of
Finance, Journal of Public Economics, the World Bank Research Observer, the Brookings Papers on Urban Affairs
and Public Administration Review. His assessments of market conditions have appeared in national publications
like the Wall Street Journal, New York Times, Bloomberg News, Financial Times, and Reuters News. Dr Calanog
writes several columns on commercial real estate for the National Real Estate Investor and Scotsman Guide. His
industry columns have won honors from the American Society of Business Publication Editors and the Risk
Management Association. He serves on the Commercial Real Estate/Multifamily Finance Board of Governors for
the Mortgage Bankers Association, as Managing Editor for the CRE Finance Council, and on the Editorial Advisory
Board of Real Assets Adviser. He is also part of the Executive Committee and the Board of Directors of the
Counselors of Real Estate ®.
Dr Calanog holds a PhD in Applied Economics and Management Science, trained by a dissertation committee
composed of faculty from the Wharton School of the University of Pennsylvania and Harvard Business School. In
addition, he has an MBA in Finance and an MA in Business and Public Policy, earning the Amy Morse Prize and the
Thomas P. Gerrity Leadership Award as the most distinguished PhD and MBA student in his class.
Dr Calanog is known by many affectionate but decidedly unprintable names to Christine, his wife of sixteen years.
His most treasured title is, however, “Dada” to his two daughters Samantha (seven years old) and Madison (five
years old), each very much capable of wrapping their father around their little fingers.