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MBA Team in Top Three at the UNC-Chapel Hill Case Competition

Posted By Mandy Kaegy, Wisconsin Real Estate Alumni Association, Inc., Monday, February 25, 2019



The UW-Madison MBA Real Estate team,  Bryan Johnson (MBA 2019), Joel Schneider (MBA 2019), Charlotte Du (MBA 2019), and Justin Kremers (MBA 2019), (pictured left to right above) placed 2nd at the 2019 UNC-Chapel Hill Real Estate Development Challenge.  A formidable field of 14 top MBA schools in the country participated in the competition including the Leonard N. Stern School of Business (NYU) , Columbia Business School, Kellogg School of Management  (Northwestern), The Wharton School (University of Pennsylvania), and the Haas School of Business (UC Berkeley).


The team was assembled following two case competitions within the RE750 class. Case Competition advisor, Arif Qureshi, noted that each team member earned a spot on the team by emerging as a top performer in the following skills: presenter, market research, SketchUp modeling and financial analysis.


The team developed a feasibility proposal for a 3.6-acre site in Dania Beach, FL along the waterway. Their proposal encompassed 177 key hotel, 30K SF of retail and 31 water slips financed with a mortgage, city grant, seller financing, limited partner equity, and managing partner developer/operator equity. The project delivered an overall 16% IRR and 2.0 equity multiple while providing a risk mitigation strategy from acquisition to exit.


Kenan-Flagler Business School (UNC) received first place honors, and Duke rounded out the top three with a third place finish. This outcome marks the 4th final round finish out of five attempts, making UW-Madison the most consistent team to make the final round in this competition.  Congrats to all!

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