Itzhak (Zahi) Ben-David

Neil Klatskin Chair in Finance and Real Estate; Associate Professor of Finance, Fisher College of Business

Itzhak (Zahi) Ben-David

Fisher College of Business
Phone: 614-292-7843
Topics: real estate, finance

Professor Itzhak ("Zahi") Ben-David is the Neil Klatskin Chair in Finance and Real Estate at The Ohio State University Fisher College of Business. He serves as the Academic Director of the Ohio State University Center for Real Estate. He teaches real estate and finance classes to MBA students.

Dr. Ben-David has published in top finance and economics journals, such as Quarterly Journal of Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. His work in recent years investigates the role of intermediaries in precipitating the housing bubble, and the aftermath of the housing crisis. Dr. Ben-David holds an MBA and PhD in finance from the University of Chicago, as well as a BS and MS in industrial engineering, a BA in accounting from Tel-Aviv University, and an MS in finance from London Business School.

Areas of Expertise

  • Corporate Finance
  • Behavioral Finance
  • Real Estate Markets


  • PhD, Finance, University of Chicago, Booth School of Business
  • MBA, University of Chicago, Booth School of Business
  • MS in Finance, London Business School
  • MS in Industrial Engineering, Tel-Aviv University
  • BS in Industrial Engineering, Tel-Aviv University
  • BA in Accounting, Tel-Aviv University

Real Estate II

This course provides a graduate-level framework for analyzing individual real-estate transactions (both commercial and residential) and real-estate assets as an asset class. We will cover three topics in depth. First, we will examine several valuation techniques used in the practice and understand their underlying assumptions. These practices include cash flow discounting, cap rates, and real-options. Second, we will discuss how real-estate assets are integrated in capital markets through Real-Estate Investment Trusts (REITs) and the securitization process. Third, we will discuss the role of real-estate assets in the financial crisis of 2008.

Publications in Refereed Journals
Book Chapters and Other Publications
Media Clips

The Financial Crisis


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