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

Winners of the Cornell International Real Estate Case CompetitionCongratulations 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.

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

The competition is funded in part by the Marjorie Boas Levins and Jack Levins/F.H.T. Rhodes Real Estate Case Competition Fund.

Title Sponsor

  • Michael Dang, MMH ’07

Hotel Sponsor

Yotel Logo


  • Marc Falcone ’95
DRA Advisors
Newmark Knight Frank Logo
Norges Bank Logo
R3 Funding Logo
RXR Logo
Silverstein Properties
Tishman Logo
Turnberry Logo

Watch the video to learn more about the case competition