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 the Larry & Klara Silverstein Chair in Real Estate Development and Investment and dean of NYU's Schack Institute of Real Estate. 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'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 is the editor and co-author of Real Estate Financing, published by PEI, and the lead investigator for Regulatory Design and Real Outcomes, a major study on the regulation of commercial real estate lending commissioned by the Commercial Real Estate Finance Council (CREFC).
Dr. Chandan's applied research is focused on commercial real estate capital markets and risk analytics, as well as long term changes in space use patterns and the impact of these changes on cities. Dr. Chandan presents regular updates on commercial real estate lending trends to US and global regulators, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation (FDIC). 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.
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 real estate, his academic work has focused on issues relating to school access, poverty reduction, and development economics. In addition to his doctorate, he holds graduate degrees in economics and engineering and an undergraduate degree in economics, finance, and public policy.
Dr. Chandan was previously the Laurence and Susan Hirsch Adjunct Associate Professor of Real Estate at the Wharton School and a visiting professor on the faculty of the Economics Department at 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 (NASDAQ:REIS), he was part of the executive team that took the company public.
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.