2014 CIRECC

Water StreetThe team from the University of British Columbia was named the winner in the sixth annual Cornell International Real Estate Case Competition. The Center for Real Estate and Finance at Cornell University hosted the competition November 4th in New York City and it was sponsored by an all-star lineup of corporate sponsors, led by Title Sponsor TIAA-CREF. The top undergraduate academic real estate programs in the world enter teams of six real estate students to compete in this exciting and enriching academic event. Each team has five days to prepare their analysis and make a recommendation on the case, which is based on an actual commercial real estate transaction. Teams present their analysis to a panel of judges, who determine a winner based on the best overall analysis and presentation. The teams are judged not only on their investment recommendations, their approach to the problem, and their presentation skills, but also on their ability to answer and respond to direct and probing questions posed by the judges.

 

In addition to the winning team, this year’s competing teams were Brown University, Chinese University of Hong Kong, Cornell University, Indiana University, McGill University, New York University, Renmin University, University of Aberdeen, University of Cambridge, University of Connecticut, University of Guelph, University of Michigan, University of Sydney, University of Texas, University of Wisconsin, and Villanova University.

2014 Competition Program

Videos of the top-placing teams' presentations:

First Place

University of British Columbia
Water Street Advisors

Second Place

University of Wisconsin
Green Coast Capital Partners

Third Place

University of Connecticut
Ted’s LLC

Fourth place

University of Aberdeen
MaitlandGroup

Fifth place

University of Guelph
Borealis Capital Advisors

Other sponsors include: Ackman-Ziff, Cantor Commercial Real Estate, The Carlyle Group, Clarion Partners, Criterion Real Estate Capital, Grove International Partners, Macklowe Properties, Moody's Investors Service, National Realty & Development Corp., Paramount Lodging Advisors, Prudential, Sawyer Realty Holdings LLC, Silverstein Properties, Tishman, Westbrook Partners, WX New York Women Executives In Real Estate and hotel sponsor Yotel. The competition is also funded in part by the Marjorie Boas Levins and Jack Levins/F.H.T. Rhodes Real Estate Case Competition Fund.

2014 Judges  
2014 Judges Marty Burger, Silverstein Properties, Inc.
Gerald Cohen, Ackman-Ziff
Jason Glasgow, Westbrook Partners
Veronica Hackett, WX, The Clarett Group
Bruce Kimmelman, Macklowe Properties
Daisuke Kitta, Blackstone Group Japan
Michael Lehrman, Cantor Commercial Real Estate
Fabiana Lotito, TIAA CREF
Sanjeev Misra, Paramount Lodging Advisors
John Orrico, National Realty & Development Corp.
Thad Paul, The Carlyle Group
Tad Philipp, Moody's Investors Service
Michael Profenius, Grove International Partners
Sara Queen, WX, Brookfield Properties
Chuck Rosenzweig, Criterion Real Estate Capital
Paula Schaefer, Clarion Partners
Kevin Smith, Prudential Real Estate Investors