*First+last CFP AAG 2020 Denver: 3 sessions on housing and real estate*
Dear all, Please find below three sessions on housing and real estate at the American Association of Geographers (AAG) Annual Meeting, Denver, Colorado, April 6-10, 2020, https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww2.aag.org%2Faagannualmeeting%2F&data=02%7C01%7CECONOMICGEOGRAPHY-L%40listserv.uconn.edu%7C26cde1927732405c4c2608d75618adf7%7C17f1a87e2a254eaab9df9d439034b080%7C0%7C0%7C637072536320325612&sdata=d0JME0mEaDquCr4gCfi5P%2BgkrTEQHbFAfSG3lG5v190%3D&reserved=0. If you are interested in presenting at one of these sessions, please contact the organizer/chair of that session. I am only the organizer of the first session. If in doubt about the best fit, you could e-mail two of sessions’ organizers. *Please send your e-mail by Friday October 25 at latest. * You will also need to register for the AAG conference and upload your abstract to the online system. The AAG website will then provide you with a *PIN*, which you need to send to the organizer of your session, as we will need it to add your abstract to our sessions. In other words: you need to submit your abstract once by e-mail and once online. Once all the abstracts are in, the organizers of the three sessions will coordinate between them to construct time-slots of 4-5 presentations each. This implies we may be combining two of the themes below to construct additional sub-sessions, e.g. one on residential REITs (1+2), housing construction/development (1+3) or one on real estate development by/for REITs (2+3). Best regards, Manuel Aalbers *-- * Manuel B. Aalbers, Ph.D. KU Leuven / University of Leuven Department of Geography & Tourism Celestijnenlaan 200e -- bus 2409 3001 Heverlee Belgium https://nam01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fees.kuleuven.be%2Frefcom&data=02%7C01%7CECONOMICGEOGRAPHY-L%40listserv.uconn.edu%7C26cde1927732405c4c2608d75618adf7%7C17f1a87e2a254eaab9df9d439034b080%7C0%7C0%7C637072536320325612&sdata=g%2FpnLIv1eMx%2B9rp5Ym%2B15Tgx%2FL8ep1hiHnuq3U%2Ftd3g%3D&reserved=0 https://nam01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fkuleuven.academia.edu%2FManuelAalbers&data=02%7C01%7CECONOMICGEOGRAPHY-L%40listserv.uconn.edu%7C26cde1927732405c4c2608d75618adf7%7C17f1a87e2a254eaab9df9d439034b080%7C0%7C0%7C637072536320335608&sdata=RDL%2F0sJ2ENZGo5E2IgCh%2BVsolxnqHvlzaOl28mRu8hM%3D&reserved=0 *Housing and Real Estate (1): The Housing Financialization/Affordability Nexus* *If interested, please send an abstract (less than 250 words) to Manuel Aalbers (manuel.aalb...@kuleuven.be) by Friday, October 25. Notification of decision will be made asap.* Affordability has always been an important topic within studies of housing markets and policies, but has received renewed impetus in the age of financialization. Whereas “financial solutions” are typically presented as expanding housing affordability to more social groups, the effect is typically one of price inflation. Depending on global, national and local policies and conditions this may either result in reduced affordability or in increased indebtness. Yet the narrative that finance enables homeownership remains strong and is rolled out to informal housing markets. Furthermore, the financialization of rental housing has become an important frontier. While the effect on new construction has been limited, the effect on housing affordability, by and large, has been negative. New corporate landlords are also using new strategies and digital platforms to manage property and tenants, possibly leading to new patterns of inclusion and exclusion. *Housing and Real Estate (1): **The Geographies of Real Estate Investment Trusts* *If interested, please send an abstract (less than 250 words) to Taylor Hafley (taylor.haf...@uga.edu) by Friday, October 25. Notification of decision will be made by Friday, November 1.* Real Estate Investment Trusts (REITs) have grown rapidly in urban and financial geographies during the 21st century. Today, an estimated one in four Americans are partial owners of the more than 500,000 REIT properties nationwide (reit.com). Originally constrained to United States shopping centers, REITs now operate around the globe, and include real estate such as single-family homes, timber and farmland, data centers, and electric transmission lines within the US. The 2020 AAG meeting marks REITs’ 50th anniversary, and while there has been a recent uptick in interest from geographers (for example: Waldron, 2018; August and Walks, 2018; Aalbers, 2019; Hofman and Aalbers, 2019; Sanfelici and Halbert, 2019; Wijburg, 2019), REITs remain an understudied aspect of critical geographic inquiry. As a corporate structure that functions to turn fixed real estate into financial liquidity (Gotham, 2006), REITs link an array of property types and institutional investment funds. The rise of REITs raise questions about the increasingly blurred lines between property types; the concentration of land ownership and increasing power over social, political, and economic processes by partial and absentee landlords; and imbalances between market capitalization and gross real estate assets. We seek papers mapping out and uncovering the range of geographies in which REITs are manifest, and the various social, political, and economic strategies REITs undertake to exert influence over metropolitan space, at multiple scales. The session welcomes papers examining all types of REITs with aims of developing a broader understanding within geography of this increasingly popular financial asset and property owner, addressing questions such as: - What broader political economic factors have contributed to the rapid flow of institutional investment into REITs since the Great Financial Crisis? - What role do REITs play in producing global inequality, housing insecurity, and financial instability? In what ways do these processes unfold unevenly in both metropolitan and financial markets? How can we ‘spatialize’ these instabilities? (see, for example, Dymski, 2017). - How susceptible are REITs to boom and bust cycles? How do downturns in stock prices and shareholder value effect service delivery and property management? - What methodological strategies and approaches are useful and available to uncovering company information such as properties owned, sources of funding, or corporate decision-making processes? - The limited research that does exist within geography focuses primarily on housing and timber and farmland. Which additional REIT sectors warrant urgent attention from geographers? - In what ways do the answers to any of the above differ for listed and non-listed REITs, and vary across REIT sectors? Additional topics of interest as they relate to REITs may include, but is far from limited to: - platform urbanism and new technologies of rent extraction (Fields, 2019) - racialized and gendered inclusion and exclusion - local governance, austerity urbanism, and ‘fiscal geographies’ (Tapp and Kay, 2019) - rentier capitalism (Byrne, 2017; Christophers, 2019; Radical Housing Journal, Vol 1.2) - studies of financialization ‘from below’ (Ouma, 2014) and “getting between M-C-M’” (Ouma, 2018) - the global housing crisis (Beswick et al. 2016) - Historical geographies of REITs References Aalbers, M. B. 2019. Revisiting ‘The Changing State of Gentrification’: Introduction to the Forum: From Third to Fifth-Wave Gentrification. *Tijdschrift voor Economishe en Sociale Geographie *11(1): 1-11 August, M. and A. Walks. 2018. Gentrification, suburban decline, and the financialization of multi-family rental housing: The case of Toronto. *Geoforum *89: 124-136 Byrne, M. 2019. Generation rent and the financialization of housing: a comparative exploration of the growth of the private rental sector in Ireland, the UK and Spain. *Housing Studies. * Doi:10.1080/02673037.2019.1632813 Christophers, B. 2019. The rentierization of the United Kingdom economy. *Environment and Planning A *https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fdoi.org%2F10.1177%2F0308518X19873007&data=02%7C01%7CECONOMICGEOGRAPHY-L%40listserv.uconn.edu%7C26cde1927732405c4c2608d75618adf7%7C17f1a87e2a254eaab9df9d439034b080%7C0%7C0%7C637072536320335608&sdata=ALIss54ZL%2FG5wHNzwO9mEKNJVSa2%2BocIF8%2F%2FvvZ48Wo%3D&reserved=0 Dymski. G.A. 2017. Finance and Financial Systems: Evolving Geographies of Crisis and Instability, pp 539-556, in Clark, G., M.P. Feldman, M.S. Gertler, and D. Wójcik, eds, *The New Oxford Handbook of Economic Geography * Fields, D. 2019. Automated landlord: digital technologies and post-crisis financial accumulation. *Environment and Planning A *0(0): 1-22. Gotham, K.F. 2006. The Secondary Circuit of Capital Reconsidered: Globalization and the U.S. Real Estate Sector. * American Journal of Sociology* 112(1): 231-275. Hofman, A. and M.B. Aalbers. 2019. A finance- and real estate-driven regime in the United Kingdom. *Geoforum *100: 89-100 Ouma, S. 2014. Situating global finance in the Land Rush Debate: A critical review. *Geoforum *57:162-166 Ouma, S. 2018. Rethinking the financialization of ‘nature’. *Environment and Planning A*, 50(3):500-511 Radical Housing Journal. 2019. Interrogating Rent: Structures, Struggles and Subjectivities. *https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fradicalhousingjournal.org&data=02%7C01%7CECONOMICGEOGRAPHY-L%40listserv.uconn.edu%7C26cde1927732405c4c2608d75618adf7%7C17f1a87e2a254eaab9df9d439034b080%7C0%7C0%7C637072536320335608&sdata=o6d7ldS4TIAdVEULi1aSAizGJ1%2BOibK8PL0r5pNIVYI%3D&reserved=0 <https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fradicalhousingjournal.org&data=02%7C01%7CECONOMICGEOGRAPHY-L%40listserv.uconn.edu%7C26cde1927732405c4c2608d75618adf7%7C17f1a87e2a254eaab9df9d439034b080%7C0%7C0%7C637072536320335608&sdata=o6d7ldS4TIAdVEULi1aSAizGJ1%2BOibK8PL0r5pNIVYI%3D&reserved=0> * Sanfelici, D. and L. Halbert. 2019. Financial market actors as urban policy-makers: the case of real estate investment trusts in Brazil Tapp, R. and K. Kay. 2019. Fiscal geographies: ‘Placing’ taxation in urban geography. *Urban Geography *40(4): 573-581 Wijburg, G. 2019. Reasserting state power by remaking markets? The introduction of real estate investment trusts in France and its implications for state-finance relation in the Greater Paris region. *Geoforum *100:209-219. *Housing and Real Estate (3): The Role of Real Estate Developers in Urban Development* *Session Id:* 25333 *Organizers:* Anthony Boanada-Fuchs & Vanessa Boanada Fuchs, University of St.Gallen *Interested scholars should send an abstract (less than 250 words) to Anthony (**anthony.boanada-fu...@unisg.ch**) by Friday, October 25. Notification of decision will be sent out by October 30.* *Description:* As the world is predominantly - and increasingly - urban, cities will be essential to advance global prosperity and answering the great development challenges of our times. Urban development is driven by decision-making processes that transgress sectoral and geographic confinement and involve a wide range of stakeholders. While politicians or planners may often at best set out the broad spatial and functional visions of a city, other actors are in charge of putting these into reality: cities are foremost a private enterprise (Molotch and Logan 1987). Still in the aftermath of the global financial crisis, triggered by international real estate practices, the time may be ripe to revisit urban theories and assess their capacity to capture the implications of the global financialisation of real estate markets, the increasing dependence of value-capture and private finance in local urban planning systems, the privatization of urban space and the proliferation of spatial injustice. Real estate developers provide an important entry point as they are intimately linked to these processes. Real estate developers are central agents of change and influence urban development throughout the world. Despite the centrality of these stakeholders in steering urbanization processes and their spatial manifestation, the existing body of literature remains thin (Adams & Tiesdell, 2010; Coiacetto, 2009). One of the first edited books on development and developers was written by Guy and Henneberry (2002) and already revealed a broad range of approaches to improve our institutional understanding of real estate markets (see also Fainstein 1994). Currently, the theoretical and practical insights on developers remain fragmented with little dialogue among their many parts. The panel aims at uniting scholars interested in the geography of profits and politics that underlies the creation of our built environment. We invite contributions that highlight the role of developers in urban development in the Global North as well as South. *Call For Submissions:* The panel organizers are particularly interested in thick case study analysis that highlight one or several roles real estate developers play within urban development. The roles include but are not limited to (i) the involvement in the discourse, vision and idea making of cities and important urban projects, (ii) formal and informal influences in policymaking, (iii) strategic roles in the elaboration of urban plans and strategy, (iv) the building of cities and urban space. A second interest is on the analysis of the financial mechanisms of real estate projects as well as strategies and decision-making processes within real estate firms.