This spring, students in the undergraduate real estate market analysis course will compete in the ARGUS Software University Challenge. ARGUS is a software company specializing in products built specifically for the commercial real estate industry to improve the visibility and flow of information throughout critical business process; property management, asset valuation, portfolio management, budgeting, forecasting, reporting and lease management.
The case that will be analyzed this spring is entitled “Investing in a Return to Normalcy: Back to the Future”. With a cast of characters including Marty McFly and George McFly and forecasting of future marketing conditions, the case title is fitting. Students are asked to evaluate a development plan to build a mixed-use development on the outskirts of a made-up California community. The development includes plans for a neighborhood shopping center with grocery anchor and some multi-family rental units behind the shopping center on 20 acres of land. Using the data provided in the case and ARGUS software, students are asked to determine what stake investors should have in Marty McFly’s development.
UST students will be competing with groups from 22 other universities including Cornell, Clemson, Texas A&M, Penn State, Dartmouth, UNC- Chapel Hill, MIT, and several international universities including East China Nornal University, and Manchester Business School. Top prizes for this case study challenge are $7,500 for 1st place, $3,500 for 2nd place, or $2,000 for 3rd place.
Watch this blog for more information about this and other projects being completed by UST real estate students.