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Abstract
This is the fourth release of the Real Estate Academic Leadership (REAL) rankings for authors and institutions. Since its inception in 2015, the intent of the rankings is to highlight the most prolific real estate authors and institutions throughout the world based on publications in the three most respected real estate journals: the Journal of Real Estate Finance and Economics, the Journal of Real Estate Research, and Real Estate Economics. The most recent rankings, compared to previous rankings, reflect impacts based on faculty relocating to different universities, resulting in changes in the institutional rankings. Smaller impacts can also occur due to Ph.D. students graduating from one program and transitioning into employment in academia, government, or the private sector.