UNC Kenan-Flagler Business School

Shaping Leaders, Driving Results

UNC Kenan-Flagler Business School

UNC Real Estate Development Challenge

February 18-19, 2016

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 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.

2015 Challenge Trivia:

  • The 2015 Challenge Case was inspired by an alumnus of Kenan-Flagler Business School. This year’s case offered the teams an opportunity to redevelop the 14-acre waterfront of Hamilton, Bermuda.  When asked, teams stressed their intent was not to simply maximize density but to also keep multiple stakeholders’ interests in mind, in addition to preserving the character and feel of this historic town.  Like most of our cases this one was not without its many moving parts and constraints.

  • The winning teams for the 2015 Challenge were: UNC Kenan-Flagler Business School won first place and the Wharton School took second. The Columbia Business School and McDonough School of Business at Georgetown tied for third.

2015 UNC Winning Team

The UNC Team shows off their "Big Check"

Brannen Blazer, Mason Ellerbe, Adam Coleman and Justin Trowbridge

  • Companies represented on our 2015 panel of judges: Morningstar Properties, NVCommercial, Wood Partners, Peachtree Hotel Group, Felix/Weiner Consulting Group, Holladay Properties, Crescent Communities, Rego Sotheby’s International Realty (Bermuda), Elm Street Development, Equus Partners, Highwoods Properties, The Preiss Company, the Bermuda Planning Department, the JBG Companies, Beacon Partners, Duke University and the Pembroke Paint Company (Bermuda).

  • Challenge Sponsor - 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. 



Bell Partners Logo