Auburn Master of Real Estate Development team wins $1,000 scholarship award in global case competition.
Aspiring real estate professionals from Auburn University finished fourth in a global case competition that challenged more than 40 teams to use their problem-solving skills to build a comprehensive investment analysis for a commercial real estate project.
Representing Auburn were Master of Real Estate Development (MRED) students Hans Johnson, Kathryn Matrangola, Zac Restad and Bill Swymer. MRED Adjunct Professor Josh Kahr sponsored the team. Auburn’s honorable mention resulted in a $1,000 scholarship award.
“Within just the first year, the Auburn MRED program gave our team the strengths to creatively analyze and evaluate the Argus Challenge case study, ensuring a top four finish with the excellent company of Cornell University, University of San Diego and The University of Chicago," said Auburn team member Kathryn Matrangola.
The ARGUS University Challenge saw teams of aspiring real estate professionals from universities around the world compete for scholarship awards and build invaluable experience. The challenge required each student team to conduct a detailed scenario analysis to understand the implications of changing market conditions on the value of an asset in a commercial real estate scenario. Financial models were accompanied by a paper describing the outcome of the analysis and recommendations to the owner.
A panel of judges from the academic community and industry reviewed the case studies and announced the winners on April 9. Students competed for $22,000 in scholarships.
"I'm really happy with the team's performance,” said Kahr. “This annual challenge has been running since 2011, and this is the first time we made it into the top four finalists. It goes to show that our students can compete against and beat some of the best in the country."
Matrangola said, "Ultimately, with thanks to our professors and program director, Michael Robinson, we have consistently been encouraged to learn and challenge ourselves outside of the classroom with competitions of high caliber, thus instilling in us a greater understanding of the real world multidisciplinary nature of real estate development.”
The list of winning teams is posted on the Argus Software website, where you can also view each winning team’s case submission.
The competition was sponsored by Houston-based ARGUS Software, which provides real estate solutions for property cash flow, valuations, asset management, portfolio analysis, investment analysis, property budgeting and development.
About Auburn Master of Real Estate Development
Training a new generation of real estate professionals to create places that matter. That is the goal of Auburn University’s Master of Real Estate Development program. Auburn’s Harbert College of Business and its College of Architecture, Design and Construction have combined to create a program that provides students an understanding of multiple disciplines—including architecture, construction, law, market analysis and planning—that put them at an advantage in their real estate development careers.
For more information, visit mredauburn.com.
Interested in earning Master of Real Estate Development degree?
Contact Assistant Director Joe Collazo at (877) AUB-EMBA or firstname.lastname@example.org.