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UNC Real Estate Development Case Challenge

UNC Real Estate Development 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’s top MBA programs to compete.

The 2023 UNC Real Estate Development Challenge is presented by Hines.

The date for the 2023 Challenge is February 23-24, 2023.

Challenge ROI

  • $30,000 in total monetary prizes for top finalist teams
  • Top industry judges
  • Amazing networking opportunity
  • Bragging rights and a resume highlight
  • Recognition from industry, alumni, peers and potential employers
  • Earn Challenge swag
  • Visit Chapel Hill!

Drilling down

The Case Challenge officially begins with the distribution of the challenge case on 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.

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.

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. Prizes are presented and teams celebrate at a social that Friday night in Chapel Hill.

If you would like more information on the UNC Real Estate Development Challenge, please contact Wood Center Associate Director Katie Hambrick.

2022 Challenge Case

The 2022 Case Challenge was focused on a 9.2 acre multi-parcel land assemblage in Southeast Washington, DC called the Bridge District DC, which is owned by Redbrick LMD. Teams were challenged to create a new, vibrant mixed-use environment that was distinct from other large projects and maintained the highest levels of sustainability, embraced the surrounding neighborhoods and delivered attractive risk-adjusted returns to investors. Team final projects would include a site design and a development budget. The 2022 Case Challenge teams put great creativity and thought into their projects, which were presented to our esteemed judges over the course of the day.

The winning teams for the 2022 challenge:

  • First Place: UC Berkeley, Haas School of Business
  • Second Place: Vanderbilt, Owen Graduate School of Business
  • Tied for Third: Rice, Jones Graduate School of Business and Dartmouth, Tuck School of Business
Real Estate Case Competition Judges

Our 2022 panel of judges included: T.J. Barringer of Kane Realty, Casey Cummings of Ram Realty Advisors, Josh Dix of Crow Company, Joseph Fadel of Nuveen Real Estate, Walker Gorham of Beacon Partners, Robert D. Greer, Jr. of Tulach Investments, Elliot Howell of Walker & Dunlop, Caroline Kenney of Urban Atlantic, Brian Leary of Highwoods, Kevin North of FCP, Kelsey Reside of Dilweg Companies, Gregg Sandreuter of Hamilton Merritt Inc., Darcy Simasek of Hines, Michael Skena of Toll Brothers, Britt Snider of Redbrick LMD, Paul Zarian of Hines