Sherwood Clements
Sherwood serves as a Collegiate Assistant Professor of Real Estate and William and Mary Alice Park, Jr. Faculty Fellow. He joins the Blackwood Department of Real Estate from the University of Alabama where he taught courses in real estate appraisal, real estate principles, real estate finance, real estate investments and development, personal finance and the introduction to financial institutions and markets. Prior to working at Alabama, Sherwood obtained his PhD in Real Estate and taught at Georgia State University. His work experience prior to entering academia was largely in real estate appraisal where he supported banks and other lenders as well as government agencies including the Federal Housing Administration and United States Department of Agriculture. Additionally, he was certified as an expert witness in Columbia, Lincoln, McDuffie and Wilkes counties in Georgia for bankruptcy, divorce and eminent domain cases. Other experience comes from family businesses in real estate brokerage and development and providing guidance to tax assessor’s offices in multiple counties of Georgia. His personal real estate investing consists of flipping real estate and purchasing equity real estate investment trusts (REITs). Lastly, Sherwood’s academic research interests include the integration and relationships between the futures markets and real estate markets and the behavioral aspects of real estate development.
Education:
- Ph.D.: Georgia State University
- M.S.: Agusta State University
- B.S. University of Georgia
- 2024 Dean's Fellows Award, Pamplin College of Business, Virginia Tech
- NTRC Instructional Excellence Award for the College of Business, University of Alabama, 2021
- GTA Excellence in Teaching Award, Georgia State University, 2009
- Senior Housing Best Paper Award, American Real Estate Society Annual Meeting, 2021
- Housing Performance and the Electorate with E. Cifci, O. Tidwell and A. Jauregui. Journal of Real Estate Research. 2023.
- Does Political Uncertainty Affect Residential Development? with S. Lou and O. Tidwell, Journal of Real Estate Finance and Economics, 2021.
- Herding Behavior Among Real Estate Developers with S. Ro, P. Gallimore and G. Fan, Journal of Real Estate Finance and Economics, 2018.
- Futures markets and real estate public equity: Connectivity of lumber futures and Timber REITs with O. Tidwell and C. Jin, Journal of Forest Economics, 2017.
- Lumber Futures and Timberland Investment with A. Ziobrowski and M. Holder, Journal of Real Research, 2011
- Experience and Real Estate Investment Decision-making: A Process-Tracing Investigation with V. Sah and P. Gallimore, Journal of Property Research, 2010
- Careers in Real Estate
Provides an overview of multiple facets of the industry and highlights potential real estate careers. Examines academic training and specific skills needed to integrate knowledge from different real estate disciplines Provides an understanding of ethical leadership and pathways to achieve professional success through utilizing professional skills. Pre: First year or sophomore standing.
- Principles of Real Estate
Introduction to real estate, including markets, land use planning and zoning, development, finance, construction, sales, marketing, management and property valuation. Examines the key actors and processes in each of these areas. Explores major public policies impacting real estate
- Real Estate Appraisal
Application of economic principles to the valuation and appraisal of property including statistical analysis. Cost approach, sales comparison approach and income capitalization approach to conducting appraisal. Appraisal report for evaluating rural property, commercial, residential and transitional. Ethical and professional requirements.
- Residential Real Estate Studio
Course provides mock, real-world learning in a student-led environment. Students design, analyze site and financial feasibility, formulate construction plans, and execute leasing and sale of a residential real estate project. Students select a project in consultation with faculty and industry advisors. Work focuses on all elements of the life cycle a residential real estate project from preliminary design through sale of the developed project.
- Commercial Real Estate Studio
Couse provides mock, real-world learning in a student-led, team environment. Teams utilize knowledge from prerequisite courses. Teams undertake year-long projects where they design, analyze site and financial feasibility, formulate construction plans, and execute leasing and sale of complex commercial real estate developments. Teams select projects in consultation with faculty and industry advisors. Work focuses on life cycle of real estate projects from design through sale of development. 4075: topics covered include team building, site/project selection, due diligence, initial site design and market analysis. 4076: topics covered include final site design, financing, construction, leasing and property management, and sale.
- Real Estate Law
Sources of commercial real estate law, U.S. legal framework and regulatory laws relating to zoning and entitlements, elements of a contract and contract law. Legal interests in real property ownership, conveyance and easement documentation. Legal implications of real estate financing. Residential landlord/tenant law.
