William Bennett
William Michael Bennett

Adjunct Lecturer of Real Estate

Print Overview

William Michael Bennett is the Principal and Founder of Level Office Management, LLC, a coworking platform that serves as the operating and development arm of twenty buildings in sixteen cities.  Level Office was #94 on the INC 5000 fastest growing companies in 2016.  Previously, Mr. Bennett founded and managed a company that acquired and redeveloped the 23rd largest portfolio of student housing assets in the US, earning #407 on the INC 5000 list in 2012.  Mr. Bennetts expertise is in the underwriting, fundraising, development, and operation of real estate ventures. Mr. Bennett teaches Real Estate Entrepreneurship at Kellogg and has led experiential learning courses in which Kellogg MBA student teams consult on sophisticated real estate issues. Real Estate Lab sponsors include the Blackstone Group, Equity Office Properties, Vornado Realty Trust, Sterling Partners, Caesar's Entertainment, Principal Enterprise Capital, the Northwestern Investment Office, Antheus Capital, McCaffery Interests, Harrison Street Real Estate Capital, Northpond Partners, and others.

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
New Product Development
Risk Management

Print Vita
Masters, 2006,  Business Administration,Engineering Management, Kellogg School of Management, McCormick School of Engineering, Northwestern University
Bachelor of Science, 1998, Engineering Management, Purdue University

Academic Positions
Lecturer of Real Estate, Kellogg School of Management, Northwestern University, 2007-present

Other Professional Experience
Managing Principal, Iconic Development, 2007-present
Integrated Development Group, 2006-2007
Fund For Builders III, 2006-2006
Sterling Real Estate Partners, 2005-2005
Principal, Student Space, 2005-present
Manager, Active Power Inc., 2003-2004
Senior Manufacturing Engineer, Active Power Inc., 2002-2002
Project Manager, Active Power Inc., 2000-2001
Manufacturing Engineer, Active Power Inc., 1999-1999
Document Control, Active Power Inc., 1998-1998

Print Research
Akason, Denise and William Bennett. 2014. Hemisphere Development LLC: Betting on a Brownfield. Case 5-413-753 (KEL799).
Akason, Denise, William Bennett and Louis Merlini. 2009. Financial and Environmental Impact Analysis of Sustainable Retrofitting. Case 5-409-752 (KEL430).
Akason, Denise, William Bennett and Franco Famularo. 2011. Hotel Perennial. Case 5-410-757 (KEL518).

Print Teaching
Full-Time / Evening & Weekend MBA
Real Estate Entrepreneurship (REAL-465-0)

**This course was formerly known as REAL-925-0**

This course focuses on creating a framework for successful real estate entrepreneurship through applying theory, analytical tools, and cross-disciplinary training. Topics include creating an investment thesis, sourcing opportunities, investment valuation and underwriting, performing due diligence, legal issues, transaction structuring, risk analysis, fundraising, closing transactions, and asset management.

Real Estate Lab (REAL-916-0)
Real Estate Lab is an experiential learning course that allows Kellogg students the opportunity to participate in a quarter-long project, working in a research and advisory role on a real estate project for a sponsor firm or organization. The students will hold weekly team meetings, attend a mid-quarter progress meeting with the sponsor, and deliver a final paper, presentation and Q&A opportunity for the sponsor. Course registration is by application only. The faculty member makes the final selection of students for the project team. Note: This course may not be dropped once the application has been accepted.

The faculty member for sections of Real Estate Lab that address questions of real estate investment, development, or operations is William Bennett; the faculty member for sections of Real Estate Lab that address questions of public policy with an impact on the real estate industry is Therese McGuire.