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William Bennett
William Michael Bennett

MANAGEMENT & STRATEGY; REAL ESTATE MANAGEMENT
Lecturer of Real Estate Management

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William Michael Bennett is a Principal and founder of Iconic Development LLC, an Evanston, IL based real estate investment and development firm that focuses on niche apartments.  His expertise is in the underwriting, fundraising, development, and operation of real estate ventures, which include student housing and seniors housing.  Mr. Bennett has led multiple experiential learning courses in which Kellogg MBA student teams partner with leading real estate companies to provide solutions to sophisticated real estate issues. These projects include maximizing the return on equity of a private equity fund holdings through operational improvements, creating the strategy for launching a structured finance product to enter the healthcare real estate market, creating and investment strategy based upon quantitative research to launch a new Industrial real estate fund, alternative investment manager selection and alpha calculation on a risk-adjusted basis, international real estate investing, Olympic Village development, and historic tax credit development.

Mr. Bennett received his bachelor of science degree in engineering from Purdue University, a master of science in engineering management from Northwestern University, and his MBA from the Kellogg School.

Areas of Expertise
Fundraising
New Product Development
Risk Management
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Full-Time / Part-Time MBA
RE Lab (REAL-916-0)

This course counts toward the following majors: Real Estate Management.

This course offers students an experiential learning opportunity in real estate. Real Estate Lab is for students seeking a career in real estate and for students with real estate experience who want to pursue new roles or higher level positions within the industry. The major content of the course is a project that students complete for a sponsor company in real estate finance, development, or operations. The course will begin with a Faculty led primer followed by a kickoff meeting with the sponsor. The students will hold weekly team meetings, attend a mid-quarter progress meeting with the sponsor, and deliver a final paper, presentation and question and answer for the sponsor. Course registration is by application only. The faculty member, in consultation with the sponsoring firms, makes the final selections. Other recommended courses include Strategy & Organization (MGMT 452), Real Estate Finance and Investments (REAL 442), Real Estate Development (REAL 444A), Urban Economic Development and Real Estate Market Analysis (REAL 443), Research Methods in Marketing (MKTG 450), Real Options (FINC 924A), and Financial Decisions (FINC 442). Second year students that apply for Real Estate Lab should have taken at least two of the preceding seven courses, and scored a B or higher.

Real Estate Lab (RE Lab) (REAL-916-B)
This course offers students an experiential learning opportunity in real estate. Real Estate Lab is for students seeking a career in real estate and for students with real estate experience who want to pursue new roles or higher level positions within the industry. The major content of the course is a project that students complete for a sponsor company in real estate finance, development, or operations. The course will begin with a Faculty led primer followed by a kickoff meeting with the sponsor. The students will hold weekly team meetings, attend a mid-quarter progress meeting with the sponsor, and deliver a final paper, presentation and question and answer for the sponsor. Course registration is by application only. The faculty member, in consultation with the sponsoring firms, makes the final selections. Other recommended courses include Strategy & Organization (MGMT 452), Real Estate Finance and Investments (REAL 442), Real Estate Development (REAL 444A), Urban Economic Development and Real Estate Market Analysis (REAL 443), Research Methods in Marketing (MKTG 450), Real Options (FINC 924A), and Financial Decisions (FINC 442). Second year students that apply for Real Estate Lab should have taken at least two of the preceding seven courses, and scored a B or higher.