Fifth Annual and FIRST International Case Competition Focused on Impact Investing in Commercial Real Estate
Hosted by the Miami Herbert Business School
Sponsored by the Real Estate Advisory Board of the Miami Herbert Business School
Fall 2020 & Spring 2021
Impact investing refers to investments made in commercial real estate projects with the intention to generate a measurable, beneficial social or environmental impact alongside an appropriate financial return. The diagram below[1] indicates the broad range of ideas that are suitable for submission to the competition. We expect that this year’s judges will be especially intrigued with ideas that combine social impact with resilience to climate change or the ramifications of the Covid-19 pandemic.
Goals of the Competition:
1) Bring attention to worthy projects in or near communities that host important academic real estate programs
2) Allow students at the academic institutions that participate to interact with members of their Advisory Boards and local commercial real estate firms to learn about market conditions and under-utilized properties in their areas.
3) Provide teams with feedback on their preliminary work by professionals who are experts in assessing the risks and rewards of opportunistic investment in commercial real estate.
Prize Money: A total of $25,000 is expected to be divided as $12,500 for the first-place team, $7,500 for the second-place team, $5,000 for the third-place team.[1]
Timeline:
December 14, 2020:Initial Submissions Due from Participating Schools by midnight. Submissions must be e-mailed as PDF attachments to cre-impact@mbs.miami.edu.
January 18, 2021:Initial Submissions Returned with Preliminary Judges’ Comments, Finalists notified.
February 15, 2021:Final, Revised Submissions Due from Finalist Schools by midnight.
Mid-April 2021: Top Three or Four Teams Present to Judges and Industry Participants in Miami or on Zoom. Winners Announced at Post Presentation Reception. Support for domestic travel to Miami is available for members of finalist teams if needed. Travel support for international teams selected as finalists will be provided if possible or international finalists will compete by Zoom.
Look at past competitions for more information
here.
For more information, contact: Professor Andrea Heuson at aheuson@miami.edu