A team from the Indiana University Kelley School of Business -Bloomington won first place in the ICSC & UNC Retail Real Estate Case Competition last week at ICSC Las Vegas. The team of Michelle Lin, Joe Luebker, Max Northrop, and Drake Wang walked away with $10,000 in prize money, out-competing ten other teams including UNC Kenan-Flagler Business School, which took home the second place prize, and Villanova University, which placed third.
Other universities competing included the University of Alabama, University of British Columbia, California State University, University of Colorado, University of Texas at Austin, Indiana University-Indianapolis, University of Mississippi, and Tulane University.
The case was based off of Stiring Properties’ Pemier Centre, an approximately 270,000 square foot stabilized retail center in Mandeville, Louisiana. Students were asked to come up with a plan that maximized the long-term value of the center, including financial analyses of each option considered.
The competition was judged by fifteen real estate industry professionals from such companies as JLL, Citi, Brixmor, Starwood, Rite Aid, the Sterling Organization, T. Dallas Smith & Company, and others.
Thank you to ICSC and the University of North Carolina at Chapel Hill’s Leonard W. Wood Center for Real Estate Studies for their organization of this competition and for providing this learning opportunity for our students.
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