In a competition featuring the best and brightest of the area’s masters in real estate students, Mason’s MS in Real Estate Development team has taken home the grand prize. They are the winners of the Capital Challenge Real Estate Case Competition sponsored by NAIOP Maryland/DC. Competing against teams from Johns Hopkins, Georgetown and the University of Maryland, the Mason team—who branded themselves Patriot Consulting– was awarded the 2013 Capital Challenge Cup—and a $10,000 cash prize.
All teams were given the task of developing two unimproved parcels in the District’s Capitol Riverfront neighborhood, adjacent to National’s Park.The land is owned by WC Smith, a DC-based multi-disciplinary real estate firm. The Mason masters in real estate team’s strategic vision included recommendations for multifamily rental units (including 450 sq. ft. “micro-units”), ground level retail and a Hilton Garden Hotel. Their presentation featured a dramatic bird’s-eye video overview of their development proposal.
Sponsoring consultants for the Mason masters in real estate team included WDG, Balfour Beatty, Trammell Crow, Cassidy Turley, Eagle Bank and CPJ Associates. MS in Real Estate Development Program Director Bob Wulff acted as team mentor.
“This was a terrific opportunity for our masters in real estate students to get hands-on experience in every facet of commercial real estate development,” said Wulff. “It was a real-world project and we are proud of the viable, real-world solution that the Mason team designed.”
Ken Jonmarie, Project Manager, Merritt Properties
Parks Underdown, Regional Manager, Avalon Bay
Malcolm Van De Riet, Vice President, Development, Jefferson Apartment Group
Bob Wulff, Director, Master of Science in Real Estate Development, George Mason University
Alexandra Bettius, Assistant Vice President, Cardinal Bank
John Zemlan, Architect, Grimm and Parker
Roger Lin, Owner, Kinsey Properties LLC
Mark Hassinger, WestDulles Properties, Inc.
Missing from the photo: team member Erik Taylor