Ronald W. Kaiser, CRE

Director, Real Estate Research

Ron co-founded the company that is presently known as Bailard, Inc. in 1969. In addition to serving on the Board of Directors of BB&K Holdings, Inc. (the parent of Bailard, Inc.), he conducts comprehensive research on the role of real estate in investment portfolios and advises on the firm's real estate investing. Ron frequently presents his work at client, industry and academic conferences and has published papers in publications including the Journal of Portfolio Management, Institutional Real Estate Letter, PREA Quarterly, the Journal of Real Estate Research and the Journal of Real Estate Portfolio Management.

Two of Ron’s papers have received American Real Estate Society (ARES) Manuscript Awards. His paper, “The Long Cycle in Real Estate,” published by the Journal of Real Estate Research in 1997, received the ARES Manuscript Award for “Best Paper Presented on Real Estate Investment/Portfolio Management.” In April 2003, his paper “When and Why Real Estate Could Be a Surrogate for Bonds: A Dynamic Asset Allocation View,” received the 2003 ARES Manuscript Award for “Best Research Paper Presented by a Practicing Real Estate Professional.” It was published by the Journal of Real Estate Portfolio Management in 2004.


Ron earned his BS in 1966 and his MBA in 1969, both at Stanford University. He has been an active member of National Council of Real Estate Investment Fiduciaries (NCREIF) since 2004. In 2009, he was elected to the NCREIF Board of Directors and served as its Chairman in 2013. He also held the role of Vice Chairman in 2012 and outgoing Chair in 2014. Ron is an active member of the American Real Estate Society (ARES) and through 2011, served two consecutive five-year terms on the ARES Board. In 2001, the Homer Hoyt Institute inducted Ron as a Hoyt Fellow. He is also a member of The Counselors of Real Estate (CRE) and the Pension Real Estate Association (PREA).