College of Business: University of Illinois at Urbana-Champaign

Associate Professor Emeritus of Finance

Ph.D., Business Administration, University of South Carolina, 1980
M.C.E., Civil Engineering, North Carolina State University, 1973
B.S., Civil Engineering, Virginia Polytechnic Institute & State U, 1962

Associate Professor Emeritus of Finance, University of Illinois, 2006-2009
Acting Director, Office of Real Estate Research, University of Illinois, 2003-2009
Director of Graduate Studies, Department of Finance, 1991-2006
Associate Professor of Finance, University of Illinois, 1986-2006
Acting Director, Office of Real Estate Research, University of Illinois, 1992
Assistant Professor of Finance, University of Illinois, 1980-1986
Lecturer of Finance, University of Illinois, 1979
Visiting Assistant Professor, University of South Carolina, 1977-1978

Cannaday, R., Munneke, H., Yang, T. 2005. A Multivariate Repeat-Sales Model for Estimatiing House Price Indices. Journal of Urban Economics, 57: 320-342

Cannaday, R., Gu, A. 2004. Value of the Option to Develop Residential Land: An Empirical Estimate. Real Estate Review, 32: 60-65

Cannaday, R., Yang, T. 1996. Optimal Leverage Strategy: Capital Structure in Real Estate Investments. Journal of Real Estate Finance and Economics, 263-271

Teaches courses in real estate and land economics.

Research focuses on real estate valuation, both theoretical and empirical. Has served as a consultant to State of Illinois Attorney General's Office; Commercial Real Estate Training, Inc., Hoffman Estates; Appraisal Research Counselors, Ltd., Chicago; LBC & W Consultants, Inc., Columbia, S.C.