UNC Kenan-Flagler Business School

Shaping Leaders, Driving Results

UNC Kenan-Flagler Business School

UNC Real Estate Development Challenge

February 19-20, 2015

Our Challenge

The UNC Real Estate Development Challenge is a case competition hosted by the Leonard W Wood Center for Real Estate Studies at Kenan-Flagler Business School. An invitation-only event, the Challenge convenes 16 teams from the US and Europe’s top MBA programs to compete.

UNC Challenge ROI

  • $20,000 in cash prizes for top finalist teams

  • Top industry judges

  • Amazing networking opportunity

  • Bragging rights and a resume highlight

  • Recognition from industry, alums, peers and potential employers

  • Earn Challenge swag

  • Visit Chapel Hill!

Drilling Down

The Case Challenge officially begins with the distribution of the challenge case at noon the Thursday before Challenge week.  Until the Tuesday morning of Challenge week, teams work furiously to put together the best comprehensive solution to the development case.

By Thursday evening, teams gather in Chapel Hill for a welcome reception and dinner. The next day, the challenge competition begins in earnest. Using four presentation rooms simultaneously, teams present their case solutions in a 20-minute presentation, followed by 5 minutes of questions from judges who are experts in the real estate industry.

Only after lunch do teams learn which four teams will move to the finals in the afternoon. The "Final Four" present again in the afternoon to a judging pool and the remaining teams. Cash prizes are presented and teams celebrate a good job done at our social that Friday night in Chapel Hill.

2014 Challenge Trivia:

  • The 2014 Challenge Case was inspired by an alumni of the real estate program. An actual site in Hnagzhou, China, the case asked teams to make specific and detailed recommendations as if they represented a development company based in China responding to a request for development proposal.  The objective for each team was to maximize a private equity fund's return based on a strategy to develop the site as well as preserve a highly profitable transaction.  Like most of our cases this one was not without its many moving parts and constraints.

  • The winning teams for the 2014 Challenge were: The Anderson School of Management at UCLA won first place and the Leonard N. Stern School of Business at NY took second. The Columbia Business School and the Darden Graduate School of Business at University of Virginia tied for third.

  • Companies represented on our 2014 panel of judges: Allianz Real Estate of America, AvalonBay Communities, BioMed Realty, Cathexis Capital, Century Bridge, Duke University, Elm Street Development, Highwoods, Hines, Mill Creek Residential Trust, NVCommercial,  Prudential Real Estate, and the University of North Carolina and Wood Partner.

  • Steve Bell, President of Bell Partners, was our premier sponsor for the event by funding the prize monies given to the winning teams.  The "Big Checks" all sported the Bell Partner logo. 
First Place Team - UCLA
A happy UCLA Team shows off their "Big Check"