Six students from the Kellogg School of Management were declared 3rd Place winners in the annual National Real Estate Challenge hosted by the McCombs School of Business at UT Austin on November 19th.
|The winning Kellogg team from left to right: Elizabeth Dunn, Braden Rudolph, R. Thomas Upson, Wenqing Gan, Franco Famularo, Alvin Abriam|
Graduate student teams from top schools competed for highest honors and cash awards in a real estate case competition, providing a 20-minute case presentation to a judging panel of real estate professionals. This year’s participating schools were Berkeley, Chicago, Columbia, Cornell, Darden/UVA, Duke, Harvard, Kellogg, Michigan, MIT, NYU, Stanford, Texas-McCombs, UCLA, UNC-Chapel Hill, USC, Vanderbilt, Wharton, Wisconsin, and Yale. UC Berkeley took 1st place and Vanderbilt took 2nd place.
During the week of the competition, each team received the case by email at a set time just days prior to the competition event and prepared a 20-minute presentation on the case. The competition took place at the University of Texas at Austin and was judged by accredited real estate professionals from nationally recognized companies.
This year’s case was distributed by Goldman Sachs & Co. Student teams evaluated an investment opportunity on behalf of a global real estate opportunity fund, focusing on a myriad of possible issues surrounding the acquisition, financing and tenanting of the property.