UNC Real Estate Development Challenge
February 18-19, 2016
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 Monday 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 the teams learn which four teams will move to the finals in the afternoon. The "Final Four" present again in the afternoon to the entire judging pool and the remaining teams. Cash prizes are presented and teams celebrate a job well done at our social that Friday night in Chapel Hill.
2016 Challenge Trivia:
The 2016 Challenge Case was inspired by an alumnus of Kenan-Flagler Business School. This year’s case offered the teams an opportunity to propose a development plan for a Greystar, 26 acre site in the London Borough of Ealing. Each team was asked to put forward a plan with specifics as to mix of property types, unit types, location of buildings and anything else which would explain their design vision. Financials and risks were to be addressed in their presentations. Like most of our cases this one was not without its many moving parts and constraints.
The winning teams for the 2016 Challenge were: Kellogg School of Management at Northwestern University won first place and the Kenan-Flagler Business School at UNC took second. Anderson School of Management at UCLA and Haas School of Business at University of California, Berkeley tied for third.
Companies represented on our 2016 panel of judges included, AvalonBay Communities, Elm Street Development, Greystar, Grosvenor, Grubb Properties, Highwoods Properties, HQ Capital Real Estate, Hyde Street Holdings, J.P. Morgan Asset Management, Kettler, Lennar Multifamily Communities, Macquarie Bank, NVCommercial, Pacific Reach Partners, Prudential Real Estate Investors, Starwood Capital Group, The JBG Companies, The Preiss Company, USAA Real Estate Company and Whitman Family Development.