Dongshin Kim, PhD

Associate Professor of Finance and Real Estate

MSRE Program Chair

Graziadio Business School

310.506.7406

Biography

Dr. Kim's research focus is on commercial real estate, mortgages, housing economics, Fintech and real estate investment trusts. His research work has appeared in premier real estate journals, including Real Estate Economics, Journal of Real Estate Finance and Economics, and Journal of Real Estate Research. Dr. Kim is also interested in technology. Leveraging on his experience as a software engineer, he released his model selection algorithm R language package and published a paper in the R Journal. Dr. Kim has taught various real estate and finance courses (Real Estate Finance, Real Estate Financial Modeling, Financial Modeling, and more) at the master level. Dr. Kim has over nine years of work experience in the industry.

Dr. Kim holds a PhD in Real Estate from Georgia State University, MS in Real Estate from Georgia State University, MS in Business Administration (Finance) from Seoul National University, and BA in Engineering from Seoul National University.

Education

Georgia State University, Doctor of Philosophy, Real Estate
Georgia State University, Master of Science in Real Estate
Seoul National University, Master of Science in Finance
Seoul National University, Bachelor of Science in Engineering

Research
Awards

Jamie Chung, Michael Cusumano, Dongshin Kim, Abraham Park. (2025). Road to net zero: Greenness of Leadership in Energy and Environmental Design and California Green Building Standards Code in the multifamily sector. Real Estate Economics, (https://doi.org/10.1111/1540-6229.12515).
Dongshin Kim, Davin Raiha, Youngme Seo, and Julia Freybote. (2023). Urban Flight: A Short-term Phenomenon or Long-term Trend? Real Estate Economics, (https://doi.org/10.1111/1540-
6229.12461).
Clemens Kownatzki, Dongshin Kim, Abraham Park, and Sunghoon Kwon. (2023). REIT Sector Implied Volatility Index: Liquidity and Information of Option Trading. Journal of Real Estate
Portfolio Management, (https://doi.org/10.1080/10835547.2023.2179963).
Dongshin Kim, Dongkook Lim & Jonathan A. Wiley. (2023). Narrative Investment-Risk Disclosure & REIT Investment. Journal of Real Estate Finance and Economics,
(https://doi.org/10.1007/s11146-021-09819-3).
Dongshin Kim, Youngme Seo & Julia Freybote. (2021). Urbanity, Financial Crisis and the Timing of Homebuying Decisions by Young Households. Journal of Real Estate Finance and
Economics 62, 481-507 (https://doi.org/10.1007/s11146-020-09759-4).
Kenneth W. Soyeh, Dongshin Kim & Frank Gyamfi. (2021). The Role of Debt in REITs Equity Issuance at Discount to Net Asset Values (NAVs). Journal of Real Estate Research 43(2),
226-247 (https://doi.org/10.1080/08965803.2021.1925504).
Daniel Huerta-Sanchez, Mohammad Jafarinejad, Dongshin Kim & Kenneth Soyeh. (2020). Disentangling Bubbles in Equity REITs. Quarterly Review of Economics and Finance 76,
357-367 (https://doi.org/10.1016/j.qref.2019.09.007).
Dongshin Kim, Sangin Lee & Sunghoon Kwon. (2020). A Unified Algorithm for the Non-convex Penalized Estimation: The ncpen package. R Journal 12(2), 43-60 (https://journal.r-
project.org/archive/2021/RJ-2021-003/index.html).
Seungha Um, Dongshin Kim, Sangin Lee & Sunghoon Kwon. (2020). On the Strong Oracle Property of Concave Penalized Estimators with Infinite Penalty Derivative at the Origin.
Journal of the Korean Statistical Society 49, 439-456 (https://doi.org/10.1007/s42952-019-00024-w).
Sunghoon Kwon, Dongshin Kim & Sangin Lee. (2020). An Efficient Algorithm for the Non-convex Penalized Multinomial Logistic Regression. Communications for Statistical Applications and Methods 27(1), 129-140 (https://doi.org/10.29220/CSAM.2020.27.1.129).
Dongshin Kim & Jonathan A. Wiley. (2019). NAV Premiums & REIT Property Transactions. Real Estate Economics 47(1), 138-177 (https://doi.org/10.1111/1540-6229.12239).
Maretno A. Harjoto, Dongshin Kim, Indrarini Laksmana & Rick Walton. (2018). Corporate Social Responsibility and Stock Split. Review of Quantitative Finance & Accounting 53(2), 575-600 (https://doi.org/10.1007/s11156-018-0759-9).
Dongshin Kim & Abraham Park. (2017). How Sound are the Fannie Mae and Freddie Mac Recoveries? Graziadio Business Review 20(2), (https://gbr.pepperdine.edu/2017/08/how-
sound-are-the-fannie-mae-and-freddie-mac-recoveries/).
Dongshin Kim & Alan J. Ziobrowski. (2016). The Borrower’s Perceived Risk in Mortgage Choice. Real Estate Economics 44(3), 606-626 (https://doi.org/10.1111/1540-6229.12114).
Dongshin Kim, Alan J. Ziobrowski & Seungwoo Shin. (2015). Redefaults of Modified Loans: Can Principal Reduction Be an Alternative? Journal of the Korea Real Estate Analysts
Association 21(3), 5-27 (http://kiss.kstudy.com/thesis/thesis-view.asp?key=3357935).
Jonathan A. Wiley, Yu Liu, Dongshin Kim & Tom Springer. (2014). The Commercial Office Market and the Markup for Full Service Leases. Journal of Real Estate Research 36(3), 319-
340 (https://doi.org/10.1080/10835547.2014.12091396).

Julian Virtue Professorship, Graziadio Business School, 2016.

Dissertation Grant & William M. Suttles Fellowship, Robinson College of Business, GSU, 2016

GTA Teaching Excellence Award, Robinson College of Business, GSU, 2015.