Call for Site Sponsor: 2016 Real Estate Challenge

The Real Estate Challenge is an annual contest matching teams from multiple real estate programs from regional universities in a competition that focuses on a development/redevelopment project in the Puget Sound area. Teams are tasked with forming a proposed investment strategy based on the site sponsor’s needs. Site selection begins in early August and the contest itself runs from January through mid-March.

Each participating university fields a team of 10-20 graduate and/or undergraduate students under the leadership of seasoned real estate professionals and professors. Utilizing their expertise, youth and enthusiasm, each team is tasked with assessing the relevant market information, regulatory environment and financing options to arrive at an investment strategy that meets or exceeds the goals of the site sponsor. The competition culminates in a judging event which brings together the assessment abilities of 5-10 assumption reviewers and 2-4 seasoned developer judges. The competition winner is announced in front of the NAIOP membership at the March Breakfast meeting, following a presentation of the challenge and the proposals.

For the site sponsor, the value is three-fold: Exposure, as all Real Estate Challenge events are centered around the sponsor company and the site; Informational, as the sponsor receives in-depth written and verbal analysis from multiple local real estate professionals and student teams; and Giving Back, in that participating is providing an invaluable learning experience and opportunity for the teams of students who participate.

The Real Estate Challenge Committee is currently reviewing potential sites and welcomes ideas. An ideal site would be at least 10,000 sf with flexible zoning, located in the Puget Sound market with opportunity for adaptive re-use, value-add, ground-up development or major redevelopment/repositioning. The sponsorship fee for this premiere position is $10,000. Read more about sponsorship benefits online here. 

Contact Brian Neville ([email protected]) or Loreana Marciante ([email protected]) with questions or ideas. 


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