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.

November 13-14, 2017
Convene – Financial District, 32 Old Slip, New York City, New York

Congratulations to the Wharton School

…for taking first place in the 9th Annual Cornell International Real Estate Case Competition! The University of Guelph took second place, Cornell University came in

third, the University of Wisconsin at Madison came in fourth, and the University of British Columbia and the University of Colorado came in fifth and sixth, respectively.

2017 Competition Program  2017 Competition Photo Album

Videos of the top-placing teams’ presentations on YouTube:

• The Wharton School – Clover Capital
• University of Guelph – The Clair Group
• Cornell University – Fulcrum Capital
• University of Wisconsin at Madison – Solstice Capital
• University of British Columbia – Cypress Consulting
• University of Colorado – Influence Investments

Thank you to all teams for their hard work and dedication to this event. The time and effort that all students put into preparing for this competition was very apparent in the thoroughness of their analyses and the impressive presentations. Many thanks also to our industry judges for allowing us to provide this opportunity to so many students across the globe!

Participating universities include:

• Brandeis University
• Brown University
• Cornell University
• Georgetown University
• Indiana University
• Konkuk University
• KTH Royal Institute of Technology
• New York University
• Northwestern University
• Pennsylvania State University
• Renmin University of China
• Stanford University
• The Chinese University of Hong Kong
• University of Auckland
• University of British Columbia, Sauder School of Business
• University of Cambridge
• University of Colorado
• University of Connecticut
• University of Guelph
• University of Michigan
• University of New South Wales
• University of Pennsylvania, the Wharton School
• University of Reading
• University of Sydney
• University of Texas at Austin
• University of Wisconsin at Madison
• Villanova University

Industry judges include:

• Saul Goldstein ’92 (A&S), Founder and Owner, ActivumSG Capital Management
• Frank Patafio, Senior Executive Vice President, Portfolio Manager, and Head of Investments, RXR Realty
• Adam Burinescu ’03 (CALS), Managing Director, Centerbridge Partners
• Jamie Covello, Executive Director, Avison Young
• Timothy Groves, MBA ’13, Director, Citigroup Global Markets
• Jeff Horwitz, Partner, Head of Lodging and Gaming Group and Private Equity Real Estate, Proskauer
• Alan Kanders ’87 (Hotel), Principal, Three Wall Capital
• Jay Mantz, P ’21, President, Rialto Capital
• Allyson Martin, Strategic Real Estate Advisor, HUB International Northeast Limited
• Shary Moalemzadeh, Managing Director and Co-Head of Carlyle Strategic Partners, The Carlyle Group
• Ray Potter ’87 (A&S), MBA ’92, Managing Partner, R3 Funding
• Chuck Rosenzweig ’85 (ILR), JD ’88, Managing Partner, Criterion Real Estate Capital
• Wendy Rowden, President, 42nd Street Development Corporation
• Marty Burger, P ’17 and ’20, Chief Executive Officer, Silverstein Properties
• Karen Horstmann, Head of US Real Estate Asset Strategies and a Portfolio Manager, Norges Bank Investment Management
• Fabiana Lotito, Senior Director, Global Real Assets, Portfolio Management, TIAA
• Mike Nash, Senior Managing Director, Blackstone
• Ralph Rose, MBA ’84, Managing Director, Global Chief Operating Officer of Real Estate, Citigroup Global Markets
• John Swagerty, Senior Vice President for Development, Acadia Realty

For information on the competition, including sponsorship opportunities, contact Cristina Carter. 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, ANPHA Holdings

Platinum Sponsor

• Robert D. Kline ’84, The Chartres Lodging Group, LLC

Hotel Sponsor

• Yotel

Sponsors

• ActivumSG
• Blackstone
• The Carlyle Group
• Centerbridge
• Citi
• Criterion Real Estate Capital
• Proskauer
• R3 Funding
• Rialto Management Group, LLC
• RXR Realty
• Silverstein Properties
• TIAA
• WX

Watch the video to learn more about the case competition

The 8th Annual Cornell International Real Estate Case Competition took place in New York City on Tuesday, November 15.

With 20 teams competing this year, the stakes were high.

Congratulations to the Chinese University of Hong Kong for taking home first place in the competition.

We are proud of all of the competing teams for their hard work and dedication, including the Cornell team of Grant Behnke ’17, Giovanna Cavagnaro ’17, Teddy DeVico ’17, DJ Fan ’17, Jack Henry Kapp ’17, and Jessica Zhang ’17. The time and effort that all students put into preparing for this competition was very apparent in the thoroughness of their analysis and the impressive presentations.

The University of Wisconsin at Madison and the University of Sydney tied for second place, the University of Queensland took fourth place, and Brandeis University, fifth place.

2016 Competition Photo Album  2016 Competition Program

Videos of the top-placing teams’ presentations:

FIRST PLACE: The Chinese University of Hong Kong DS Capital

SECOND PLACE (TIE): University of Sydney Midas Capital

SECOND PLACE (TIE): University of Sydney Midas Capital

FOURTH PLACE: University of Queensland Peak Capital

FIFTH PLACE: Brandeis University Surreal Estate

Judges

• Amy Applebaum, CALS ’86 – Executive Director, JP Morgan
• Marty Burger, P ’17 – Chief Executive Officer, Silverstein Properties, Inc.
• Merrie Frankel – Managing Partner, Andover Associates
• Max Friedman – Director, Goulston & Storrs
• Jonathan Geanakos – President, Americas, JLL Capital Markets
• Jeff Horwitz, CHE ’86 – Partner, Head of Lodging and Gaming Group and Private Equity Real Estate, Proskauer
• Bruce Kimmelman ’91 – Executive Vice President of Capital Markets and Acquisitions, Macklowe Properties
• Michael Lehrman, P ’18 – Founder and Co-Chief Executive Officer, Cantor Fitzgerald
• Fabiana Lotito – Director, Global Real Estate Strategy and Research, TIAA
• Jay Mantz – President, Rialto Capital
• Allyson Martin – Strategic Real Estate Advisor, HUB International Northeast Limited
• Joanna Mulford – Managing Director & PRISA Portfolio Manager/Chief Financial Officer, PGIM Real Estate
• Mike Nash – Senior Managing Director, Blackstone
• Anthony Orso – Chief Executive Officer and Co-Founder, Cantor Fitzgerald
• Peter Peterson ’93 – Vice President, Related Urban
• Alex Popov ’98 – Managing Director, HPS Investment Partners
• Ralph Rose, MBA ’84 – Managing Director, Global Chief Operating Officer of Real Estate, Citigroup
• Chuck Rosenzweig, ’85, JD ’88 – Managing Partner, Criterion Real Estate Capital
• Neil Rubler, A&S ’92 – Founder & President, Candlebrook Properties

More Information

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

Platinum Sponsors

• Robert D. Kline ’84, The Chartres Lodging Group, LLC

Official Hotel Sponsor

• Yotel

Sponsors

Blackstone

Cantor Fitzgerald

Citi

Criterion Real Estate Capital

Goulston & Stor