Centers and Institutes

Faculty Bio

Worzala, Elaine, Ph.D.

Worzala, Elaine, Ph.D.

Professor of Real Estate; Director, Richard H. Pennell Center for Real Estate Development

Office: 2-209 Lee Hall
Phone: 864-656-5164

Ph.D. in Real Estate and Urban Land Economics, University of Wisconsin-Madison (1992); M.S. in Real Estate Appraisal and Investment Analysis, University of Wisconsin-Madison (1984)

Curriculum Vitae

Dr. Elaine Worzala is the Director of the Richard H. Pennell Center for Real Estate Development as well as a Professor in Real Estate within the College of Architecture Arts and Humanities at Clemson University. Elaine holds a Ph.D. in Real Estate and Urban Land Economics (1992) and an MS in Real Estate Appraisal and Investment Analysis (1984) from the University of Wisconsin-Madison. An active member of several academic associations, Dr. Worzala has served as the President of both the American Real Estate Society and the International Real Estate Society and is currently serving as a board member for both organizations. Dr. Worzala has completed research grants for the Royal Institution of Chartered Surveyors (RICS), the International Council of Shopping Centers (ICSC), Pension Real Estate Association (PREA) and the Real Estate Research Institute (RERI) in the last few years and believes strongly in bringing relevancy to her classroom from her research projects. She has published articles in many of the mainstream real estate academic journals as well as industry-based publications and other media. She is a frequent reviewer of academic work and sits on the editorial boards of many of the real estate academic and industry based journals. Her research interests are applied and lie primarily in institutional real estate investment, valuation and graduate real estate education. Additionally, many of her studies take on an international perspective as she works to open up the borders as they relate to real estate markets. Primary teaching interests include real estate valuation, investments, and feasibility analysis as well as the introductory real estate process course and international real estate investment.

In 2012, Dr. Worzala was awarded the ARES Distinguished Service Award and the Pennell Center was awarded CREW Upstate’s Outstanding Leadership Organization Award. In 2000, she was awarded the IRES Achievement Award that recognized her outstanding achievement in real estate research education and practice at an international level. She was also awarded the Bert Kruijt Service Award for outstanding service to IRES. Dr. Worzala has also received numerous awards for her research. In January 2005, she was initiated as a Fellow in the Weimer School that is part of a real estate think tank devoted to expanding the knowledge of real estate educators. In 2006, she was initiated into Lambda Alpha International, became a Fellow of the Royal Institute of Chartered Surveyors as an exemplary member, and was invited to become the first woman Distinguished Fellow of the National Association of Office and Industrial Properties (NAIOP). In 2009, she was invited to become a Fellow of the Institute of Green Professionals and in 2010 she was invited to join the Counselors of Real Estate. In June of 2011 she graduated from the ULI-SC Sustainability Leadership Institute and currently serves on its Advisory Board. She is the chair of the doctoral program for the American Real Estate Society Foundation as well as the co-chair of the ICSC Academic Partnership Committee. She is also currently serving on the Advisory Board of the Real Estate Research Institute, on the Education Committee for the Counselors of Real Estate and the Vice Chair of the Counselors in the Classroom subcommittee. In the past she has served on the Developing Leaders Diversity Task Force at NAIOP. She is also a member of the Pension Real Estate Association and the Urban Land Institute.

Selected Professional Works

Journal Articles & Book Chapters (Published)

2003 CF Sirmans and E. Worzala, Editors, Essays in Honor of William N. Kinnard Jr., Research in Real Estate Monograph Series, Kluwere Academic Publishers, Nowell, MA
Full listing at:

2000 J. DeLisle and E. Worzala, Editors, Essays in Honor of James A Graaskamp: Ten Years After, Research in Real Estate Monograph Series, Kluwere Academic Publishers, Nowell, MA.
Full listing at:

Graduating Your Business, with Dale Van Slambrook

HHI Newsletter, February-2011: Valuation Scholars and Experts Reunite and Engage at Clemson University

2011 Wyman, David, Maury Seldin and Elaine Worzala, “A new paradigm for real estate valuation?”  Forthcoming, Journal of Property Investment and Finance, accepted for publication in November 2010, forthcoming in Spring.

"Code Blue" for U.S. Golf Course Real Estate Development: "Code Green" for Sustainable Golf Course Redevelopment, with David Hueber

Teaching Sustainability: Applying Studio Pedagogy to Develop an Alternative Post-Hurricane Housing Solution Using Surplus Shipping Containers, with Pernille Christensen

2010 Christensen, Pernille and Elaine Worzala, “Teaching sustainability: applying studio pedagogy to develop an alternative post-hurricane housing solution using surplus shipping containers, Journal of Sustainable Real Estate, 2(1): 335-360.

2010 Tu, Charles, Elaine Worzala, Lauren Lukens and Margot Weinstein, “Elements of successful graduate real estate programs: perceptions of the stakeholders”, Journal of Real Estate Practice and Education, 12 (2): 105-121.

2010 Elaine Worzala and Charles Tu, “Real estate journal quality: perceptions of the international real estate research community”, Journal of Real Estate Literature, 18 (1): 21-39.

2010 Elaine Worzala and Charles Tu, “Real estate journal quality: does your affiliation matter?”, Journal of Property Management, 28 (2): 104-121.

2009 Elaine Worzala, Jeffrey Davis and Judy Karofsky, “The senior living property sector: how is it perceived by the institutional investor?”.  Journal of Real Estate Portfolio Management, 15 (2): 141-156.

2009 Lisa Chambers, Jen Holm and Elaine Worzala, “Graduate real estate education: integrating the industry”, published on-line in the International Journal of Property Science, January 2009,

An exploration of the risk and return spectrum for institutional investors in the seniors living and long term care property sector

2008 Margot Weinstein and Elaine Worzala, "Graduate real estate programs:  an analysis of the past and present and trends for the future", Journal of Real Estate Literature, 16(3): 387-413.

Graduate Real Estate Programs: An Analysis of the Past and Present and Trends for the Future

2006 Elaine Worzala and Lisa C. Chambers, “Bringing the outside in:  the coalescence of industry and academia in real estate education”, Chapter 5.2 in Stand und Entwicklungs-tendenzen der Immobilienokeonomie, Immobilien Informationsverlag, Rudolf Miller GMbH & Co. KG, Koln.

2006 Robert Johnson, Colin M. Lizieri, Luc Soenen and Elaine M. Worzala, “Simulating currency risk on private investments in real estate”, Journal of Real Estate Portfolio Management, Vol. 12(2): 91-102.

Bringing the Outside In: The Coalescence of Industry and Academia in Real Estate Education