April 24, 2006

MBA Students Compete Against Six Texas Universities in Real Estate Challenge



MBA students from the Neeley School placed third in the First Annual Texas Shootout Real Estate Challenge, sponsored by the National Association of Industrial and Office Properties (NAIOP).

Graduate students from Real Estate MBA programs at six Texas schools - SMU (1st place), Texas A&M (2nd), TCU (3rd), University of Texas, Rice and University of North Texas - competed for top honors and cash awards of $2,500, $5,000 and $7,500, split between the students and the colleges.

The TCU team included Steven Greathouse, Carl Krogness, Michael Leshan, Isela Rodriguez and Blair Swing. These five MBA students had six days in which to analyze and present their solutions to a real-world commercial real estate development challenge.

"They did an outstanding job," said Dr. Joe Lipscomb, professor of finance and real estate at the Neeley School of Business at TCU. "The competition was unbelievably close between the top three teams."

The competition was a true commercial real estate investment (acquisition/development or both) project located somewhere in the U.S. The final phase of the competition was a 20-minute presentation to a panel of judges made up of real estate professionals.

The competition is part of a three-pronged effort to strengthen the connectivity between the Dallas brokerage community and Texas real estate programs, said Jack Eimer, head of Dallas operations for Transwestern Commercial Services and a NAIOP board member. The association also is working with local firms to provide internship opportunities for students and to participate as guest lecturers at the colleges.

NAIOP is a national association with more than 10,000 members and a network of 48 chapters that represent the interests of developers and owners of industrial, office and related commercial real estate throughout North America.


Elaine Cole
Public Relations Manager
Neeley School of Business at TCU