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Real Estate Students Place Highly at National Case Competition

A Penn State Smeal College of Business student team earned third place in the Villanova Real Estate Challenge, a national real estate development case competition for undergraduate students. The competition was held earlier this month at Villanova University in Philadelphia, Pa.
April 23, 2013
Real Estate Students Place Highly at National Case Competition

Smeal Real Estate Team

A Penn State Smeal College of Business student team earned third place in the Villanova Real Estate Challenge, a national real estate development case competition for undergraduate students. The competition was held earlier this month at Villanova University in Philadelphia, Pa.

In advancing to the final round, the team—Tonia Damiano, Allison Marciniak, Anthony Pell, and Eric Janus—outperformed 13 other teams from prominent real estate programs across the country.

The case challenged students to conceptualize a real estate development strategy for a parcel of ground in the Hudson Yards submarket of New York City. The Smeal team’s proposal called for a mixed-use property comprised of market-rate and low-income apartments as well as street-level retail.

All team members are students in Richard Button’s Risk Management 497A course, Real Estate Case Competition, which prepares students for and facilitates participation in case competitions.

“This class distinguishes its high-achieving students and positions them to be strong candidates in the job market of what is traditionally a highly competitive industry,” said Button, instructor in risk management and assistant director of the Institute for Real Estate Studies. “Our job placement success has been compelling in the face of what has been a relatively weak real estate market.”

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