Richard Peiser has been the Michael D. Spear Professor of Real Estate Development at the Graduate School of Design since 1998. He is also Director of the university-wide Real Estate Academic Initiative created in 2003. He was previously on the faculty at the University of Southern California (1986-1998) as associate professor of urban planning and development, director of the Lusk Center for Real Estate Development, and Academic Director of the Master of Real Estate Development Program that he founded in 1986. A planner and entrepreneur-developer, as well as an expert in real estate finance, he has also demonstrated an interest in spatial and design issues as well as in the economics of land development. He has been active in the Urban Land Institute, where he is now a Trustee. Peiser received a BA from Yale University, an MBA from Harvard Business School, and a PhD from the University of Cambridge.