ABOUT THE FIRM
Established in 2008, Chandan Economics is a leading provider of economic advisory and data science services to commercial real estate investors, lenders, service firms, and regulators.
The firm's primary businesses include Real Estate Data Science (REDS), Economic & Market Research, and Litigation Consulting.
REDS supports real estate lenders, investors, and others in leveraging their data resources in business decision-making by improving data collection and warehousing processes and the development of proprietary credit risk and investment analysis models. REDS also maintains Chandan Economics' proprietary database of multifamily loans, searchable using the LoanComps interface.
Client Base, FY 2020
ARBOR REALTY TRUST
Arbor Realty Trust (NYSE:ABR) is one of the United States' leading multifamily lenders, providing loan origination and servicing for multifamily, seniors housing, healthcare and other commercial real estate assets. The real estate investment trust manages a multibillion-dollar servicing portfolio, specializing in Fannie Mae, Freddie Mac, and other government-sponsored enterprise loans, as well as CMBS, bridge, mezzanine and preferred equity lending.
In collaboration with Arbor, Chandan Economics supports the industry with groundbreaking research in the operational, investment, and lending performance of the small balance apartment sector in the United States. As part of their long-term strategic partnership, Arbor and Chandan publish quarterly reports on the small balance multifamily market, the single family rental housing market, and host regular webinars and other research programs.
Chandan Economics was founded by Sam Chandan, PhD, currently a professor of finance at the NYU Stern School of Business and head of the Stern Center for Real Estate Finance. He was formerly the Larry & Klara Silverstein Chair and academic dean of the Schack Institute of Real Estate at the NYU School of Professional Studies, one of the world’s largest centers of real estate education.
One of the industry's most noted economists, Dr. Chandan is now chairman of the firm, guiding long-term strategy and supporting key client relationships.
Dr. Chandan is a Fellow of the Royal Institution of Chartered Surveyors (FRICS), the Royal Society for Public Health (FRSPH), and the Real Estate Research Institute (RERI), and an Associate Member of the American Society for Microbiology (ASM). His multifaceted research interests address real estate as well as urban epidemiology and the preparedness of global cities and other systemically important urban areas in managing novel public health threats.
Dr. Chandan’s commentary on commercial and residential real estate markets and the broader economy has been featured regularly in national and global press, including the Wall Street Journal, the Financial Times, CNBC, and Bloomberg. Among his recent publications, he was the lead investigator for Regulatory Design and Real Outcomes, a study on the regulation of commercial real estate lending commissioned by the Commercial Real Estate Finance Council (CREFC).
Dr. Chandan’s real estate industry-specific research focuses on commercial real estate capital markets and risk analytics, as well as long term changes in space use patterns. He presents regular updates on commercial real estate lending trends to US and global regulators. He holds an honorary appointment as the Economist Laureate of the Real Estate Lenders Association and has served on the real estate advisory council of the Federal Reserve Bank of Atlanta.
While serving as dean of the Schack Institute, Dr. Chandan secured the largest gift commitment in the program’s 54-year history to support the creation of a new center in Shanghai, founded the NYU SPS CREFC Center for Real Estate Finance in collaboration with the Commercial Real Estate Finance Council, created Schack’s flagship Hirsh Fellows program, and launched the National Symposium of Women in Real Estate. A first among academic real estate programs, he created endowed scholarships for the advancement of women in real estate, LGBTQ+ persons in real estate, and for graduate students who attended a Historically Black College or University (HCBU) or Hispanic Serving Institution (HSI) for their undergraduate degree. During his tenure, Schack’s undergraduate program rose to #3 in the US News and World Report rankings.
Dr. Chandan received his PhD in Applied Economics from the Wharton School and was a Doctoral Scholar in the Economics Department at Princeton University. In addition to his doctorate, he holds graduate degrees in economics and engineering and an undergraduate degree in economics, finance, and public policy. He served previously on the faculties of the Wharton School and Dartmouth College. Prior to founding Chandan Economics, Dr. Chandan was Global Chief Economist and Executive Vice President at Real Capital Analytics (RCA). During his tenure as Chief Economist and Senior Vice President at Reis, he was part of the executive team that took the company public.
Dr. Chandan resides between New York City, Montréal, and Upstate New York, where he is a volunteer firefighter and a member of his town’s emergency medical services corps.
For more information, please visit Dr. Chandan's website below.
REALT ESTATE LENDERS ASSOCIATION
The Real Estate Lenders Association is a national not-for-profit corporation formed in 1991 to provide a forum for real estate lenders and equity investors to advance their knowledge and expertise in their industry.
In collaboration with the Real Estate Lenders Association (RELA), Chandan Economics produces the RELA–Chandan Survey of Commerical Real Estate Lender Sentiment, one of the industry's broadest surveys of underwriting standards and expectations.