Florida State University’s G. Stacy Sirmans was awarded the annual James A. Graaskamp Award by the American Real Estate Society, one of the association’s highest career honors, according to a May 28 announcement.
Sirmans, who serves as the J. Harold and Barbara M. Chastain Eminent Scholar in Real Estate at FSU’s Herbert Wertheim College of Business, said, “There are a lot of people who would qualify for that award, so I was very honored and surprised to receive it.”
Colleagues have credited Sirmans’ research with shaping real estate finance and housing economics fields nationwide. Henry J. Munneke from the University of Georgia said, “Stacy is widely recognized for his influential contributions to real estate finance, housing economics, mortgage markets and property valuation. His work has shaped the foundation of the field and continues to inform both academic research and professional practice.”
Sirmans’ notable research includes studies on climate-change opinions and disaster risk in housing price growth (2025), NAV dispersion in REITs (2025), retail cap rate variation (2022), insurance premiums in house prices (2015), determinants of house prices (2008), hedonic pricing models (2006), anchor tenant loss effects on rents (1994), historical perspectives on returns (1987) and assumption financing impacts on home sales prices (1983). He recently ranked No. 16 worldwide among real estate scholars publishing in top journals over five years; he has also placed as high as No. 7 globally.
Mariya Letdin at FSU called Sirmans’ contributions “outsized” across several subfields including hedonic house pricing models and residential mortgages, while Tingyu Zhou noted his work has been cited thousands of times by researchers across core areas such as housing markets, brokerage and finance.
Beyond research output, colleagues describe Sirmans as collaborative and supportive within academia. Dean Gatzlaff said he is “approachable” and always willing to help faculty initiatives or mentor students; Letdin described him as “the ultimate team player.” Sirmans credits much of his success to collaboration with family members, including his late brother C.F., also a leading scholar at FSU.
Reflecting on his career path from rural Georgia through decades at Florida State University—and ongoing collaborations with colleagues—Sirmans said he still enjoys academic life: “Oh, I still enjoy it immensely… Well, I don’t even call it work.”
