REG Members have the opportunity to participate in 3 competitions every school year.

Zell Booth-Kellogg Real Estate Challenge

Real estate students from the University of Chicago's Booth School of Business and Northwestern's Kellogg School of Management competed in the eleventh annual Real Estate Challenge. The competition, which took place at the Waldorf Astoria on May 23rd, was judged by Sam Zell, Dan McCaffery and Larry Levy. Leading the Booth team was Professor Pagliari and Michael Pepper, the team's mentors. Each team was asked to act as the master developer for a 600-acre, lakefront site, formerly home to U.S. Steel's South Works steel plant. The property is the largest vacant piece of land in Chicago and is located about 10 miles south of the city. Over the course of 8 weeks, each team prepared their proposals. Teams were given a constraint of a maximum initial cash equity of $20 million for their development proposals. The Booth team focused on flexibility, capital conservation, demand-driven retail and public/private partnerships - including the pursuit of the Obama Presidential Library and a R&D/office park - and the prudent use of joint ventures to jump start development waves. The Kellogg team highlighted demand-driven retail, public/private partnerships - including the pursuit of a foreign university and a R&D/office park - and the extensive use of land sales to other developers.

Each team presented their development plan to a 150-person audience of real estate professionals, politicians, students and alumni from each school. For the second year in a row, the Chicago Booth team was selected as the winner of the Challenge.

Click here to access the winning presentation.

Click here to see the report of the winning presentation.

UNC Real Estate Development Challenge

The UNC Real Estate Development Challenge is a case competition founded by the Center for Real Estate Development at Kenan-Flagler Business School. An invitation-only event, each spring the Challenge convenes 16 teams from the nation's top-20 MBA and Real Estate programs to compete. In the past, the event has challenged teams to propose uses for an actual site, devise a development program and site plan, and work through project financials.

In 2010 the Booth team won first place in the UNC Challenge. Click here an article about the winners.

Click here to see the winning presentation.

2010 First Place Winners. Go Booth!

University of Texas at Austin: National Real Estate Challenge

Graduate student teams compete for highest honors and cash awards in this real estate case competition. The case is written and provided by a private real estate investment institution. Student teams evaluate an investment opportunity, focusing on issues surrounding the acquisition, financing and tenanting of a property. Representatives of the case-providing institution will present a retrospective on the actual investment and its performance following the completion of the competition.

2010 participants include: Berkeley, Carnegie Mellon, Chicago, Columbia, Cornell, Darden/UVA, Duke, Kellogg/NWU, McCombs/UT, Michigan, MIT, NYU, Stanford, UCLA, UNC-Chapel Hill, USC, Vanderbilt, Wharton, Wisconsin, and Yale.

The Booth team went to the finals in 2010 and won fourth place! Click here to see the Booth team in action in the finals. (165 MB video) Click here to view the PDF presentation slides.

Click here to see the 2009 presentation.

2010 UT Booth Team