Leeds School of Business

University of Colorado Boulder

Liang Peng

Associate Professor • Finance

Koelbel 487


Liang Peng is an assistant professor of real estate in the Leeds School of Business at the University of Colorado-Boulder. Liang’s research interests include index estimation for illiquid assets such as real estate and private equity, the housing market, and the risk and returns of commercial real estate. Liang’s research has been published in leading economics and real estate journals including Review of Economics and Statistics, Real Estate Economics, Journal of Real Estate Finance and Economics, and Journal of Financial Markets.


  • Real Estate Research Institute Directed Research Grant 2009
  • Asian Real Estate Society Foundation Best Paper Award 2006
  • American Real Estate Society Best Paper Award 2006
  • Royal Institute of Charted Surveyors Education Trust (UK) Research Grant 2005
  • Real Estate Research Institute Research Grant 2004, 2003


  • Ph.D., Economics, Yale University
  • M.Phil, Economics, Yale University
  • MA, Economics, Yale University
  • MS, Business Administration, Renmin University, China
  • BS, Applied Mathematics, Renmin University, China
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