Portrait of Alex Moss

Alex Moss

Course Director MSc Real Estate, Director Real Estate Centre

Bayes Business School , Finance

Contact

About

Overview

Alex is an Associate Professor and Director of the Real Estate Centre at Bayes Business School. He is a Senior Fellow of the Higher Education Academy (now Advance HE), and Course Director for the MSc Real Estate programme, having previously been the Course Director for the MSc Global Finance online course. He has been involved in research and transactions in the global real estate sector at a senior level for over 35 years.

His career has encompassed award-winning sell-side research (BZW), investment banking (CSFB), private equity (Apax Partners Capital), and fund management (M&G and Investec). He formed AME Capital in 2002, which developed a proprietary database and analytical tool for all listed real estate companies and real estate securities funds globally. He sold this business to Macquarie Securities in 2008, where he stayed for over three years as Head of Global Property Securities Analytics. In 2012 he formed Consilia Capital, a real estate investment advisory firm, and developed an international institutional client base,as well as publishing regularly in leading academic journals such as the Journal of Portfolio Management.

He is an acknowledged international expert in REITs (Real Estate Investment Trusts ) and is asked to speak on the topic around the world. His work in this field has had a significant impact at both national and international levels, and he is on the Advisory Board and chairs the Research Committee for EPRA, whose members own more than €840 bn of real estate assets globally. His paper on blending direct and listed real estate was voted best paper in real estate finance at the 2014  ERES conference , and he is a guest lecturer on REITs for postgraduate courses at Cambridge University and University College London.

He has held roles as Visiting Professor at Henley Business School and City University, and been responsible for transformational change through educational leadership with his work on the online Global Finance and online Global MBA courses, as well as his innovative 6-week online "Understanding the REIT Price" course. 

His textbook, "Global Real Estate Capital Markets: Theory and Practice" published in 2024  is now on the required reading list for real estate courses at Universities around the world. 

Alex received the Freedom of the  City of London.in April 2026.

Employment

  • Associate Professor, City, University of London, United Kingdom, December 2024 - present
  • Visiting Lecturer, Cambridge University, United Kingdom, September 2020 - present
  • Director, Real Estate Centre, United Kingdom, September 2018 - present
  • Visiting Professor, Henley Business School, University of Reading,, United Kingdom, January 2017 - present
  • External Examiner, University of Cambridge, United Kingdom, September 2016 - September 2020
  • Visiting Professor, Bayes Business School (formerly Cass), United Kingdom, January 2016 - September 2018
  • Visiting Lecturer, University College London, London, United Kingdom, October 2015 - present
  • Chairman, Investment Committee, Investec Global Real Estate Securities Fund, January 2015 - January 2019
  • Founder, Consilia Capital, May 2012 - present

Visiting appointments

  • Visiting Lecturer MSt Real estate Course, Cambridge University, July 2022 - present
  • Visiting Professor, Bayes Business School, January 2016 - September 2018
  • Visiting Professor, Henley Business School, January 2015 - present
  • Visiting Lecturer, University College London, October 2014 - present

Memberships of committees

  • Chairman, EPRA Research Committee, September 2016 - present
  • Chairman, Investment Committee, Investec Global Real Estate Securities Fund, Investec Asset Management

Memberships of professional organisations

  • Member of the Advisory Board, European Public Real Estate (EPRA), September 2016 - present
  • Member of Advisory Board, Journal of European Real Estate Research, October 2015 - present

Expertise

Primary topics

  • Finance
  • Real Estate Finance
  • Asset Pricing
  • Asset Valuation

Additional topics

  • Capital Markets

Industries

  • financial services

Publications

  1. Moss, A., Clare, A., Thomas, S. and Seaton, J. (2015). Trend Following and Momentum Strategies for Global REITs. Journal of Real Estate Portfolio Management, 21(1), pp. 21-31. doi:10.5555/1083-5547-21.1.21

    [publisher’s website]

  2. Moss, A. and Baum, A. (2013). The use of listed real estate securities in asset management. UK: EPRA.

Book

  1. Moss, A. and Farrelly, K. (2024). Global Real Estate Capital Markets Theory and Practice. Taylor & Francis. ISBN 9781040091937.

Chapters (6)

  1. Moss, A. (2018). Chapter 6 Fund Managers. Routledge Companion to Real Estate Investment Routledge. ISBN 9781317687849.
  2. Moss, A. (2018). Chapter 2 Post-Modern REIT Era: Strategies for REIT Style and Significance. The Routledge REITs Research Handbook Routledge. ISBN 9781351664837.
  3. Moss, A. (2018). Chapter 7 REIT Asset Allocation Alex Moss. The Routledge REITs Research Handbook Routledge. ISBN 9781351664837.
  4. Moss, A. (2018). 10 REITs in Europe. The Routledge REITs Research Handbook Routledge. ISBN 9781351664837.
  5. Lee, S. and Moss, A. (2018). Chapter 7: REIT Asset Allocation. In Parker, D. (Ed.), The Routledge REITs Research Handbook Routledge. ISBN 9781351664820.
  6. Lee, S. and Moss, A. (2018). Chapter 1: Critical Contextual Issues in International REITs. In Parker, D. (Ed.), The Routledge REITs Research Handbook Routledge. ISBN 9781351664820.

Journal articles (10)

  1. Farrelly, K. and Moss, A. (2025). The Dynamic Impact of Macro Factors on the Performance of Blended Real Estate Equity Strategies. The Journal of Portfolio Management, 51(11), pp. 142-155. doi:10.3905/jpm.2025.51.11.142

    [publisher’s website]

  2. Newell, G., Nanda, A. and Moss, A. (2023). Improving the benchmarking of ESG in real estate investment. Journal of Property Investment & Finance, 41(4), pp. 380-405. doi:10.1108/jpif-10-2021-0084

    [publisher’s website]

  3. Farrelly, K. and Moss, A. (2021). Reexamining the Real Estate Quadrants. The Journal of Portfolio Management, 47(10), pp. 62-74. doi:10.3905/jpm.2021.1.271

    [publisher’s website]

  4. Moss, A., Clare, A., Thomas, S. and Seaton, J. (2017). Can sector-specific REIT strategies outperform a diversified benchmark? Journal of European Real Estate Research, 10(3), pp. 366-383. doi:10.1108/jerer-11-2016-0042

    [publisher’s website]

  5. Hoesli, M., Milcheva, S. and Moss, A. (2017). Is Financial Regulation Good or Bad for Real Estate Companies? – An Event Study. Journal of Real Estate Finance and Economics. doi:10.1007/s11146-017-9634-z

    [publisher’s website]

  6. Lux, N. and Moss, A. (2016). Liquidity in global real estate securities markets. Journal of Property Investment & Finance, 34(4), pp. 321-346. doi:10.1108/jpif-11-2015-0078

    [publisher’s website]

  7. Moss, A., Clare, A., Thomas, S. and Seaton, J. (2016). The Blended Approach to Real Estate Allocations: Performance Implications of Combining an Exposure to German Spezialfonds with Global Listed Real Estate Securities. Alternative Investment Analysts' Review, 4(4), pp. 17-23

    [publisher’s website]

  8. Moss, A. and Farrelly, K. (2015). The performance of a blended real estate portfolio for UK DC investors. Journal of Property Investment & Finance, 33(2), pp. 156-168. doi:10.1108/jpif-10-2014-0064

    [publisher’s website]

  9. Moss, A. and Farrelly, K. (2014). Blending public and private real estate allocations for defined contribution pension funds: A U.K. Case study. Journal of Real Estate Literature, 20(3), pp. 137-150
  10. Moss, A. and Lux, N. (2014). The impact of liquidity on the valuation of European real estate securities. Journal of European Real Estate Research, 7(2), pp. 139-157. doi:10.1108/jerer-12-2013-0026

    [publisher’s website]

Reports (4)

  1. Moss, A. (2017). REIT Research Compendium. London UK: Consilia Capital.
  2. Moss, A. and Baum, A. (2013). Are listed real estate stocks managed as part of the real estate allocation? UK: EPRA.
  3. Moss, A. and Prima, A.D. Asia Pacific Listed Real Estate: A Contextual Performance Analysis. Singapore: APREA.
  4. Moss, A. Benchmarking Real Estate Investment Performance: The role of ESG Factors A report commissioned by the Investment Property Forum..

Scholarly edition

  1. Hoesli, M., Milcheva, S. and Moss, A. Real Estate Company Reactions to Financial Market Regulation.

Professional activities

Other

  1. External Examiner, MSt Real Estate , Cambridge University .