UNC Real Estate Development Challenge
February 20-21, 2014
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!
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. Usinge 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.
2013 Challenge Trivia:
The 2013 Challenge Case was inspired by a friend of the real estate program. An actual site in Houston TX, the case asked teams to make specific and detailed recommendations for what to do with the site, consider options laid out in the case, highlight the major risks and mitigation of those risks and put forth a full explanation of their determined highest and best use for the site. Like most of our cases this one was not without its many moving parts and constraints.
The winning teams for the 2013 Challenge were: The McCombs School of Business at the University of Texas at Austin won first place and Columbia University Business School took second. The Anderson School of Management at the University of California at Los Angeles and the Owen Graduate School of Management at Vanderbilt University tied for third.
Companies represented on our 2013 panel of judges: Allianz Real Estate of America, Cathexis Capital, Gensler, Hanover, Highwoods Properties, Holladay Properties, the University of North Carolina and Wood Partners