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Education
The University of North Carolina at Chapel Hill
Ph.D. Finance
M.S. Management (Finance)
Chapel Hill, NC, USA
2024
2020
El Colegio de Mexico
M.A. Economics
Mexico City, Mexico
2016
Universidad Nacional Autonoma de Mexico
B.A. Economics
Mexico City, Mexico
2014
Research Interests
Real Estate Finance, Financial Intermediation, Banking
Working Papers
Small Banks and the Recovery Advantage in Commercial Real Estate
Job Market Paper
The Term Structure of Real Estate Lease Contracts
with Andrea Chegut and Jacob S. Sagi
The Past and Future of Non-Residential-to-Residential Conversions in New York City
with Simon Büchler and Lyndsey Rolheiser
Work in Progress
The Effect of Cash-only Residential Purchases on Mortgage Lenders
with Zipei Zhu
Teaching Experience
The University of North Carolina at Chapel Hill
Instructor
Real Estate Finance (BUSI 601)
Teaching Evaluation: 4.4/5 (mean), 5/5 (median)
Teaching Assistant
Real Estate and Capital Markets (MBA853)
Real Estate Finance (MBA853F)
Spring 2022
Spring 2023
Spring 2023
Universidad Nacional Autonoma de Mexico
Teaching Assistant
Econometrics I (Undergraduate course)
Spring 2017- Spring 2018
El Colegio de Mexico
Teaching Assistant
Mathematics IV (Undergraduate course)
Spring 2016
Research and Professional Experience
The University of North Carolina at Chapel Hill
Research Assistant
Chapel Hill, NC, USA
August 2018-Present
MIT Center for Real Estate
Visiting Ph.D. Student
Cambridge, MA, USA
April-May 2022
Banorte Financial Group
Manager of Analytics
Intern, Analytics Business Unit
Mexico City, Mexico
August 2016-July 2018
June-August 2015
Claremont Graduate University
Research Assistant
Claremont, CA, USA
June-July 2016
El Colegio de Mexico
Research Assistant
Mexico City, Mexico
May 2013-July 2014
Awards & Honors
Doctoral Fellowship
Leonard W. Wood Center for Real Estate Studies
2018-Present
Student Travel Award
Real Estate Research Institute (RERI) Annual Conference
2023
Emerging Scholar
Community Banking in the 21st Century Research Conference
2022
Research Award
Real Estate Research Institute (RERI)
2019
Academic Excellence Award
El Colegio de México and BBVA Bancomer Foundation
2016
Scholarship for M.A. Studies
Mexico’s National Council of Science and Technology
2014-2016
Presentations
2026
AREUEA-ASSA (Scheduled)
2025
American Real Estate Society, Clemson University
2024
AFA PhD Student Poster Session, AREUEA-ASSA Doctoral Poster Session*, AREUEA National Conference, FDIC Bank Research Conference Poster Session, CREDA Real Estate Research Symposium, Southern Finance Association
2023
AREUEA-ASSA Doctoral Poster Session, UNC PhD Seminar, UNC Finance Brown Bag, UNC PhD Alumni Conference, Clemson University
2022
UNC PhD Seminar
2021
UNC PhD Seminar
2020
UNC Phd Seminar, MIT Center for Real Estate, UNC Finance Brown Bag, Real Estate Research Institute (RERI)*
Other Skills
Languages
English (fluent)
Spanish (native)
Software
Proficient: R, LATEX, Stata.
Familiar: SQL, MATLAB, Python, SAS.
Ernesto Aldana 