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Centers | Real Estate Finance and Investment Center

National Real Estate Challenge

2015 National Real Estate Challenge
November 18-19, 2015USC Team 1st Place Winners

AT&T Conference Center, Austin, TX

2014 National Real Estate Challenge Winners:
1st Place: Columbia University
2nd Place: University of Southern California
3rd Place: Cornell University
4th Place: UNC-Chapel Hill
Case Sponsor: JP Morgan Asset Management
First Prize Sponsor: The Lionstone Group
Lead Sponsors: Alliance Residential, Almanac Realty Investors, Blackstone, Brookdale Group, Cypress Equities, GE Capital, John Hancock, Walmart
Supporting Sponsors: American Realty Advisors, Dividend Capital, Holt Lunsford Commercial, LaSalle Investment Management, TIER REIT

The participating schools in the 2014 Challenge were Berkeley, Carnegie Mellon, Chicago, Columbia, Cornell, Georgetown, Michigan, MIT, Northwestern, NYU, Rice, UCLA, UNC-Chapel Hill, USC, UT, Vanderbilt, Wharton, Wisconsin and Yale.

Challenge Overview:

Graduate student teams from top business schools compete for the highest honors and cash awards in an invitation-only real estate case competition.  


  • $25,000 in cash awards for top four finalist teams
  • Top corporate sponsors and judges
  • Network with potential employers
  • Challenge resume book
  • Excellent resume builder
  • Nationwide recognition 

View Team Rules


Each invited school may enter one team of up to six currently enrolled graduate students. Each team receives the case by email just days prior to the competition event, and must prepare a 20-minute presentation on the case.

The competition takes place at The University of Texas at Austin. It is judged by accredited real estate professionals from nationally recognized companies.

All travel and accommodation expenses are the sole responsibility of each participant.

Case Overview:

The case is custom-written for the competition and is provided by a leading global real estate investment institution.

Representatives of the institution that provides the case will present a retrospective on the actual investment and its performance after the competition.

Past Winners

2013 National Real Estate Challenge Winners: 
1st Place: University of Southern California
2nd Place: University of Pennsylvania
3rd Place: University of Texas
4th Place: Cornell University

2012 National Real Estate Challenge Winners: 
1st Place: Columbia Business School
2nd Place: University of Pennsylvania, Wharton School
3rd Place: University of North Carolina at Chapel Hill, Kenan-Flagler School of Business
4th Place: The University of Texas at Austin, McCombs School of Business

2011 National Real Estate Challenge Winners:
1st Place: University of North Carolina at Chapel Hill, Kenan-Flagler School of Business
2nd Place: University of California, Berkeley, Haas School of Business
3rd Place: University of Virginia, Darden School of Business
4th Place: University of Michigan, Ross School of Business