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Jocelyn Friedman

Real Estate Badgers Compete in Spring Semester Case Competitions

by Jocelyn Friedman Tuesday, April 5, 2016

The UW Real Estate Department participates annually in a number of competitive, national Real Estate case competitions hosted by universities, governments, and non-profit organizations.  This spring, Badger student teams competed in the prestigious Villanova, University of Southern California (USC), University of North Carolina (UNC), and NAIOP.  All of these competitions pit teams from different universities against one another to come up with the best solution to a development case (Villanova, USC, and NAIOP are undergraduate competitions while UNC is for graduate students).  Teams were judged not only on the quality of their design and financial analysis, but also on the presentation of their ideas.  UW was proud to be represented in these competitions by our driven and dedicated student teams, who tackled tough cases and traveled to far-flung competitions in addition to their regular coursework.

We are exceptionally proud to announce that our Badger team took first place at the 2016 Villanova Real Estate Competition last week! This undergraduate competition pitted a competitive field of 16 teams against each other to produce a development plan and investment proposal for a 2.33 acre site in Crystal City, Virginia. Teams were given from Monday morning to Thursday evening to develop and submit a detailed plan for the site, including producing a market analysis, pro forma, and Google Sketch Up design for the project. 

2016 Villanova Case Comp TeamCase competition mentor and real estate department lecturer Arif Qureshi proudly summarizes the team’s accomplishment: “I am proud to report that our UW undergrad team of 4 outstanding students placed 1st in a highly competitive field of 16 schools at the 2016 Villanova Real Estate Case Competition.  This was our fourth time participating in the competition and our first 1st place finish!”  Our sincerest congratulations to Badger undergraduates Carlo Pauldine, Robin Yu, T.J Pyzyk and Wei Tan, who represented UW so well in the competition. 

Congratulations to the UW team, winners of the 2016 Villanova Real Estate Competition! LTR Carlo Pauldine, Robin Yu, T.J Pyzyk and Wei Tan

Real Estate BBAs continued to impress at this spring's USC International Real Estate Competition. The UW team of Carlo Pauldine, T.J Pyzyk, Qing Yang Yu, Elizabeth Krueger, Daniel Fisher, and Wenxin Hu placed first in a highly competitive field of nine schools. In analyzing the 3 under-performing properties the team prudently choose to keep the properties and refinance them to harvest some equity and lower debt service requirement, despite pressure from fund investors to sell. In analyzing the development parcel the team identified all the risks associated with the proposed development and concluded the returns were insufficient to justify the risks of the development. Their decisions were prudent and bold considering the temptation to succumb to investors pressure to do the opposite, and we are extremely proud of them and their hard work. Congratulations Carol, TJ, Qing, Elizabeth, Daniel, and Wenxin!
    

Hosted by the University of North Carolina, the UNC Real Estate Development Challenge occurred over the course two days in mid-February, 2016.  It was an honor for UW to be invited to this prominent invitation-only challenge, which only extends offers to 20 teams from the top Real Estate Universities in the U.S.  The competition asked teams to choose the best deal out of two development options for a particular site and justify their decision.  Only four teams out of 20 advanced to the second round of the competition, where 15 judges decided which team made the strongest case for their development decision.  Our UW team consisted of second year MBAs Scott Gibbel, Regan Kennedy, Zi Sen Chong, and Mitchell Jung, who competed in a room against teams from top programs including Wharton, UNC, and UT-Austin.   Although the UW team unfortunately did not advance out of this very competitive room, their strong presentation impressed the judges and sealed UW’s invitation to next year’s competition.  Our team was extremely proud to represent UW at this prestigious contest, and as Scott Gibbel put it: “it was great to participate again in the premier graduate level case competition in the country”.  The department looks forward to fielding another strong team next year to build on our experience at this year’s UT- Austin competition.

Finally, real estate BBAs also competed in the NAIOP Real Estate Challenge this year. Will Crittenberger, Sarah Hovde, Wenxin Hu, Sean Kendall, Wei Cheah Tan, and Ting Zhou worked on a development project proposal in the Puget Sound area. Unfortunately the UW team did not place in this year's highly competitive contest, but we are proud of their efforts nonetheless.

The Real Estate Department is extremely proud to be represented by such dedicated student teams at these competitive national case competitions.  Thank you to the students for all of your hard work and commitment!