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This year marked the tenth anniversary of the competition, which is an innovative landmark of The Paul Milstein Center for Real Estate and was established in 1999 with a generous gift from the Seevak Family Foundation. This year’s competition and dinner reception was graciously supported by the Alexander Bodini Foundation and Daniele D. Bodini ‘72.
For the second year, in a change from previous formats, the competition was intertwined with the Master Class in Real Estate Investment and Entrepreneurship. In this Master Class, students worked on group projects with industry sponsors, beginning in January, 2009. Under the founding idea of the competition, students working in groups are given an opportunity to take the kernel of an idea, develop it into a comprehensive business plan, and make an oral presentation of the plan to their class.
The Master Class professors, Senior Vice Dean Chris Mayer and Adjunct Faculty Member Andrew Jacobs ‘96, selected the top three projects and those group members competed for cash prizes at the Bodini competition. Members of the Real Estate Circle, as well as other alumni who have been directly involved with the Center, were invited to attend the presentation event, which was followed by a dinner reception and an awards ceremony.
The “KPJ” Corporate Strategy team won the first place prize of $5,000 based on their strategic plan for the investment management business of a publicly traded finance and management company specializing in real estate investments. This group included team members Jonathan More, James Obletz and Tom Ortinau.
Winning second place and a $3,000 prize was the Shoal Creek Reservoir group, which made a proposal to potential investors with respect to an investment in a 1,500-acre reservoir and water treatment facility and residential housing site. Team members included Gina Baker Chambers, Mike Hollman, Jonevan Hornsby, and Ryan Moorehead.
Pictured: Daniele D. Bodini ’72, Senior Vice Dean Chris Mayer, Mike Hollman, Ryan Moorehead, Gina Baker Chambers, Jonevan Hornsby, Adjunct Faculty Member Andrew Jacobs ’96, and Earle W. Kazis and Benjamin Schore Professor of Real Estate Lynne Sagalyn.
Third place ($1,000) went to the South Florida Distress Investment team - with students Francesca Allen, Hernando Forero, and Juan Gomez Vega - for their project which recommended distressed real estate investment opportunities in South Florida.
Pictured: Daniele D. Bodini ’72, Senior Vice Dean Chris Mayer, Francesca Allen, Juan Gomez Vega, Hernando Forero, Adjunct Faculty Member Andrew Jacobs ’96, and Earle W. Kazis and Benjamin Schore Professor of Real Estate Lynne Sagalyn..
The panel of judges included a distinguished group of real estate alumni including moderator Robert Berne ’62, formerly with Milstein Properties, Mark Lanspa ’90, formerly with Goldman, Sachs & Co., Michael Lehrman ’90, Managing Director and Co-Head of the Real Estate Finance Group at Credit Suisse, Joseph Smith ’99, founding principal of Glenmont Capital Management, and Robert Stern ’88, President of Castle Hill Investors.
Congratulations to all teams and best of luck following graduation!