Cornell International Real Estate Case Competition

10th Annual Cornell International Real Estate Case Competition

November 12-13, 2018
Convene, 32 Old Slip, New York City

Congratulations to the Wharton School at the University of Pennsylvania

…for taking first place at the 10th Annual Cornell International Real Estate Case Competition in New York City on November 13, 2018. Second place went to University of Michigan, third to Villanova University, fourth and fifth place to Indiana University and University of Connecticut, respectively. Closing out the top 6 teams was Georgetown University. Twenty-seven undergraduate teams competed for over $20,000 in prize money. The competition was held at Convene in the Financial District.

Cornell University was represented by: Max Feng ’19, Linda Cao ’19, Amanda Cheng ’19, Karen Ding ’20, Mark Rittiboon ’19 and Becca Wang ’20.

The event, developed by Cornell School of Hotel Administration professor Daniel Quan, attracts a global array of students and tasks the teams with analyzing an actual commercial real estate transaction, rendering a recommendation, and providing a presentation of their analysis and proposal. The competition itself is the culmination of an intensive five-day analysis preparation by the students and a full day of presentations. The teams are judged on their investment recommendations, approach to the problems, and presentation skills. Judges in the competition are real estate executives representing top companies in the industry.

CIRECC 2018 Program

CIRECC 2018 Photo Album

Videos of the top-placing teams’ presentations:

Participating universities included:

Baruch College-CUNY
Brown University
Chinese University of Hong Kong
Cornell University
Georgetown University
Hong Kong Polytechnic University
Indiana University
KTH Royal Institute of Technology
New York University
Pennsylvania State University
Renmin University of China
Rutgers University
University of Auckland
University of Aberdeen
University of British Columbia, Sauder School of Business
University of Cambridge
University of Colorado
University of Connecticut
University of Guelph
University of Hong Kong
University of Miami
University of Michigan
University of Pennsylvania, Wharton
University of Sydney
University of Texas at Austin
University of Wisconsin at Madison
Villanova University

Industry Judges included:

Amy Applebaum ’86 (CALS), Fund Finance Consultant
Cheryl Boyer ’87, Chief Operating Officer, Fulcrum Hospitality LLC
Marty Burger, P ’17 & ’20, Chief Executive Officer, Silverstein Properties, Inc.
Marc Falcone ’95, Real Estate Portfolio
Raphael Fishbach ’99, Principal, Mesa West Capital
Merrie Frankel, President & Founder, Minerva Realty Consultants
Karen Horstmann, Portfolio Manager, Norges Bank Real Estate Management (NBREM)
Alan Kanders ’87, Managing Member & Founder, Three Wall Capital LLC
Bruce Kimmelman ’91, Executive Vice President of Capital Markets and Acquisitions, Macklowe Properties
Fabiana Lotito, Program Manager, National Council of Real Estate Investment Fiduciaries (NCREIF)
Frank Patafio, Senior Executive Vice President – Head of Acquisitions, RXR Realty LLC
Ray Potter ’87 (CALS), MBA ’92, Managing Partner, R3 Funding
David Rothenberg, President, Tishman
Matthew Shore ’00, Chief Investment Officer, DRA Advisors LLC
Jackie Soffer, P ’20, Chairman & CEO, Turnberry Associates
Bill Weber, Executive Managing Director, Capital Markets Strategies, Newmark Knight Frank
Sean Williams ’90, Managing Director, GreenOak Real Estate