“The Alumni Association of the MIT Center for Real Estate (AACRE) is hosting a graduate real estate case competition at the Prudential Center in Boston, MA on April 15 from 6:00‐7:30pm. Unlike other invitation only events, the MIT competition is open to graduate students of any accredited MSRED, MBA or MFIN program. Teams of three to four full-time graduate students will be receiving a broker’s packet for a building or development site and will be given two days to create an excel-based proforma and determine an acquisition price. They will then be judged based on the clarity and functionality of their models, accuracy of their assumptions, and likelihood that their proposal would actually be accepted by an investment committee in today’s market.”
According to Competition Chair, Michael Lam (MSRED ‘09), “this case competition is designed to allow students to use their financial underwriting and modeling skills on a real world asset under conditions that they are likely to encounter at any private equity or real estate development firm. As a financial analyst or acquisitions professional, you don’t always get the time or information you want but you still need to provide a defined acquisition strategy and a price.”
Source: Joe Stampone of A Student of the Real Estate Game.
For Stampone’s full article, click here.