A team of first- and second-year Berkeley MBA students took top honors for the second year in a row at the Real Estate Finance Challenge on Friday, October 31, in Austin, Texas.
The competition attracted teams from 12 major business schools, including Harvard, Stanford, Wharton, Columbia, Kellogg, and Haas. In the final round of the competition the Berkeley team beat out competitors from UT Austin and Harvard to win first place.
"We again had a very strong Haas team," says Nancy Wallace, chair of the Real Estate Group and faculty advisor to the team. "Since Haas set the bar in the UT Austin competition last year, in some sense, we were competing against ourselves. The word is now out that Haas is the school to beat. The word is also out among real estate capital market recruiters that Haas is the place to hire."
This year’s case focused on repositioning a $50 million investment in a retail property that was performing significantly below expectations.
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