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BUILD YOUR FUTURE

SanDiegoRealEstate

M A S T E R O F S C I E N C E I N R E A L E S TAT E


ALUMNISPOTLIGHT JAMAS GWILLIAM ’06 • Vice president of development at Merlone Geier Partners • Board member of the USD Burnham-Moores Center for Real Estate, NAIOP San Diego and San Diego Regional Economic Development Corporation • While a senior vice president for Kilroy Realty Corporation, was responsible for 2.8 million square-foot development pipeline in San Diego, including the entitled 1.1 million square-foot One Paseo project in Del Mar Heights • After graduating from the MSRE program, worked in multifamily/affordable housing development and acquisitions, shopping center acquisitions, medical facility development and institutional office investment/development • At Kilroy involved in acquisition of $1.5B of Class A office assets in Seattle, San Francisco Bay Area, Los Angeles and San Diego • Development lead on the acquisition and execution of the $450 million full city block Columbia Square mixed-use project in Hollywood

“The Master of Science in Real Estate program at the University of San Diego School of Business allowed me to focus my expertise and propel my real estate career.”


Master of Science in Real Estate Surround yourself with some of the best and brightest minds in real estate in one of the nation’s strongest real estate markets. The Master of Science in Real Estate (MSRE) program is an unparalleled learning experience that will help propel your career in real estate by preparing you to compete in a dynamic industry whether you aspire to be a real estate entrepreneur or to work for a large institution.

Value Proposition • Enjoy small class sizes and a studentcentric mission • Challenge yourself with an intellectually demanding curriculum • Receive hands-on instruction from nationally renowned faculty • Develop life-long camaraderie and a network from each cohort • Apply knowledge and skills to real-life real estate projects, supplementing your academic education • Graduate with a values-based perspective and with an emphasis on a high sense of integrity


FACULTYSPOTLIGHT NORM MILLER Hahn Chair of Real Estate Finance

• Expert in real estate trends, valuation, housing price forecasting and sustainability • Co-author of Commercial Real Estate Analysis and Investment, the leading graduate level real estate textbook, and founder of the Journal of Sustainable Real Estate • Past president of the American Real Estate Society (ARES), recipient of the 2015 ARES Grasskamp Award and honored by ARES in 2013 with The Richard Ratcliff Award • Faculty member at the Homer Hoyt Institute, an independent, nonprofit research and educational foundation dedicated to improving the quality of decisions regarding land use • Named to NAIOP’s first class of Distinguished Fellows in 2001 and re-appointed in 2008 • Received the NAIOP “Impact” Award in 2004 and the University Professor Award in 2013

“MSRE students consider a wide-range of real estate issues worldwide. The program offers both a macro and micro view of real estate. Students investigate and gain insight into global and regional trends affecting commercial real estate, cost of capital, tax laws, economic trends and much more.”


Enhance Your Real Estate Skills and Knowledge Through Real Estate Competitions EMPLOYERS HIRE STUDENTS who harness the skills and knowledge they acquire in the classroom and translate those skills into real estate projects. Our MSRE program offers several opportunities to do just that through a variety of real estate competitions to challenge your mind and skillset. Opportunities include: •

ARGUS Software University Challenge, a financial analysis competition

The Real Confidence University Portfolio Challenge,™ a global real portfolio asset (investment) competition

Urban Land Institute’s (ULI) Student Healthy Places Design and Development Competition

Student Competitions

Join our five-time winning ARGUS University Challenge team in one of the most competitive university team competitions. Through this challenge, students create real-world investment strategies through informed decisions using ARGUS solutions.

The MSRE Curriculum Advance your skills and knowledge with our academically rigorous curriculum taught by highlyregarded real estate faculty, including Norm Miller, the Hahn Chair of Real Estate Finance and Charles Tu, the Daniel F. Mulvihill Professor of Commercial Real Estate. Real estate leaders from the industry serve as adjuncts in the program. Alumni and employers provide us with excellent feedback on the relevancy of the coursework to real-world application. As a result, the MSRE program offers the right balance between theory and practice and its curriculum is

current, relevant and competitive with accelerated real estate programs nationwide. MSRE students are also on a fast-track toward professional designations, including Certified Commercial Investment Member (CCIM), the American Appraisers Corporation’s MAI certificate, and the Institute of Real Estate Management’s (IREM) Certified Property Management (CPM) license. Aside from rigorous courses, MSRE students enjoy other learning opportunities, including: guest speakers, company and site visits, conferences, case studies and real estate competitions.


ALUMNISPOTLIGHT “Uncompromising ethics, tenacious resolve, reputation and top-tier performance are integral to my approach in representing companies during commercial real estate transactions. I attribute this to my military career and my MSRE training at USD.”

NICK NORRIS ’13 • President of The Irving Group, a real estate brokerage firm in San Diego • 2015 Recipient of the Daniel B. Woodruff Memorial Scholarship • United States Naval Academy Graduate and former Navy SEAL Officer • CEO and co-founder of Predator Warpaint and Apexx Suncare. Apexx is introducing Transparent Zinc Oxide Sunscreen products that represent the future of sun protection technology • Involved with a number of nonprofit organizations, including The Naval Special Warfare Family Foundation, SEAL Kids and The Rosie Network • Actively involved in the entrepreneurial community in San Diego through Entrepreneur Organization (EO) San Diego and as an advocate for veteran entrepreneurship


ALUMNISPOTLIGHT “Deciding to go back to school after 20 years was intimidating, and I overcame it quickly with the support of the Burnham-Moores Center team. Upon graduation, I got the job I had envisioned for myself.” MICHELLE MUÑIZ ’16 • Project Management Assistant at Affirmed Housing Group • Wife of military veteran and mother of three who was interested in a career transition to commercial real estate • Acted as a team blogger at the annual MIPIM conference in Cannes, France, which equipped her with critical skills for career placement • 2016 recipient of the Daniel B. Woodruff Memorial Scholarship • While an MSRE student, was a team member of the Real Confidence University Real Estate Portfolio Challenge II and interned at the San Diego Housing Commission • Established the Khalid Mohammed Memorial Scholarship at USD, an annual award for women pursuing a career in commercial real estate • Member of the San Diego Military Family Collaborative (SDMFC), Urban Land Institute’s (ULI) women’s leadership initiative, Commercial Real Estate Development Association (NAIOP), Institute of Real Estate Management (IREM), San Diego Housing Federation (SDHF) and Building Industry Association (BIA)


Travel Abroad with Us…and Learn About Global Real Estate The MSRE program offers students the opportunity to become globally minded in real estate. More than half of the MSRE cohort travels overseas during the program to obtain an international prospective of commercial real estate. International learning opportunities include: •

TRAVEL TO HONG KONG to gain exposure to major trends, meet global investors and learn about investment criteria, deal structures and capital sources (both debt and equity). In Hong Kong, you’ll analyze roles of traditional sources of real estate capital, as well as the proliferation of newer financial products, with a focus on the risk and return parameters for the various sources of capital.

BECOME AN OFFICIAL REAL ESTATE BLOGGER in Cannes, France, at the annual MIPIM conference. MIPIM gathers the most influential real estate leaders from all sectors of the international property industry for four days of networking, learning and transactions.

CONNECT WITH MSRE ALUMNI residing in China, Hong Kong, Taiwan, Japan, India, Thailand, the United Kingdom, Italy, Portugal, Canada, Mexico and Brazil.


Your Gateway into the Real Estate Industry REAL ESTATE ISN’T JUST ABOUT LOCATION. It’s about relationships and the Burnham-Moores Center (BMC) for Real Estate is here to help you build them. The BMC is your gateway into the real estate industry. We offer insider access to the local and national real estate community, bringing you a complete network of connections and support. IT’S ALL PART OF OUR MISSION to recruit, educate and mentor real estate students and to facilitate their career pursuits in a socially responsible manner and with a global perspective. The real estate program at the University of San Diego was founded in 1993. A $5 million gift named and endowed the Burnham-Moores Center for Real Estate in 2004.

Industry Outreach and Academic Advancement The Burnham-Moores Center has a dedicated team of industry professionals who meet with you one-on-one to encourage, mentor and help you to decide which sub-specialty of real estate to pursue. The BMC offers programs and educational support including: • Personalized support for the Master of Science in Real Estate (MSRE) and undergraduate real estate programs • Connections and access to real estate trade organizations in San Diego • More than 30 real estate scholarships • Prestigious policy advisory board and real estate committee comprised of real estate industry leaders

• One-on-one career counseling, career profile assessment and assistance with career opportunities • Mentorships and internships opportunities • Participation in the annual BMC Real Estate Career Expo • Annual real estate conferences to enhance education and networking • Site visits with leading real estate companies • Continuing executive education in real estate


INDUSTRYPARTNERS

JMI Realty


Real Estate Industry Conferences One of the greatest benefits of the MSRE program is the networking opportunities offered through the Burnham-Moores Center’s highly regarded conferences and events. The BMC’s conferences draw audiences ranging from 250-750, representing the “who’s-who” of real estate executives in the region. These events attract nationally recognized speakers and bring together academic, industry and civic professionals for timely and relevant topics and networking opportunities. Our conferences include: • Annual Real Estate Conference • Breakfast at the BMC Distinguished Lecture Series • Women in Real Estate Conference • Residential Real Estate Outlook Conference

Apply to the MSRE Program sandiego.edu/msre Burnham-Moores Center usdrealestate.com (619) 260-2256 realestate@sandiego.edu

CONNECT WITH US

School of Business Master of Science in Real Estate Program sandiego.edu/msre msre@sandiego.edu

@USDBMC @USDSBA

Burnham-Moores Center for Real Estate

USD Real Estate Alumni Association


Congratulations on graduating from the UNIVERSITY OF SAN DIEGO SCHOOL OF BUSINESS!

Staying involved with the school and the Burnham-Moores Center for Real Estate (BMC) has great benefits, especially as you begin your

ENGAGE WITH THE

BMC POST-GRADUATION

career in real estate. Take advantage of the BMC’s vast industry connections and meet one-on-one with our cadre of real estate experts at the center who are available to help advance your career— even after graduation. Remain connected with the BMC in a number of ways: attend our conferences;

join the Real Estate Alumni Association (REAA); or give back to USD real estate students as a mentor or through scholarships.

POST-GRADUATION CAREER SUPPORT

DID YOU RECEIVE A REAL ESTATE SCHOLARSHIP?

The BMC team is here to help you by providing the following services after graduation:

We encourage you to stay in touch with your donor and share your career successes after graduation. Your accomplishments reinforce the donor’s continued investment in and commitment to supporting USD real estate students.

• Resume review • McQuaig professional assessment and consultation • Interview preparation • Career opportunities • Career advice and mentoring • Real estate business advice • Introduction to real estate industry organizations, such as NAIOP, CREW, ULI, SDAR, IREM — and more


Ways to stay CONNECTED • Join the Real Estate Alumni Association (REAA)—Benefits include: – A 50% discount at all BMC conferences for life – Exposure to industry executives and networking opportunities

BECOME A MENTOR

– Up-to-date information on real estate topics – Lifelong connections with your cohort and other USD real estate alumni

• Attend BMC conferences to enhance learning and for networking opportunities • Subscribe to our bi-monthly newsletter, The Pipeline • Guest lecture in a real estate class or help with a student team competition • Coordinate a company site visit for the Real Estate Society or MSRE cohort • Offer internships for USD real estate students • Join one of the BMC committees • Keep us posted on your career achievements and advancements • Refer candidates for USD’s MSRE program • Offer a testimonial for marketing of the real estate program • Engage with us on social media Burnham-Moores Center for Real Estate @USDBMC @USDSBA

Your Gateway into the Real Estate Industry www.usdrealestate.com realestate@sandiego.edu • (619) 260-2256

USD Real Estate Alumni Association


Corner THE Market


REAL ESTATE it’s more than location—

it’s relationships. And we help you build them.

As your gateway to the real estate industry, the Burnham-Moores Center for Real Estate offers you inside access to the regional and national real estate community, bringing you a complete network of professional connections and support. Whether you’re just launching your career or taking your real estate experience to the next level, you’ll rub shoulders with real estate professionals and gain insight into cutting-edge real estate trends to build a lasting and successful career in real estate.

Apply to the Master of Science in Real Estate program and discover your unlimited potential. msre@sandiego.edu • (619) 260-4860 • sandiego.edu/business


Build Your Future in Real Estate WHY MAJOR OR MINOR IN REAL ESTATE? Real estate is a multidisciplinary field. If you’re looking for a well-rounded business degree, majoring or minoring in real estate offers all of the dynamics that are important in business. The real estate major is designed to offer you a solid foundation of the various disciplines and facets that make up the real estate profession. You will acquire specialized skills needed to succeed in the real estate industry. The program provides personalized mentoring and support along the way through the cadre of real estate faculty and professionals at the BurnhamMoores Center for Real Estate in conjunction with USD real estate alumni. For more information about the undergraduate real estate degree major or minor, visit sandiego.edu/recurriculum.

CONNECTIONS AND SUPPORT The Burnham-Moores Center for Real Estate (BMC) offers personalized mentoring, coaching, and industry connections to help you in your career pursuits. Your potential in the real estate industry is often about your network and about your relationships. The BMC will help you build them by giving you inside access to its extensive network of professional connections.

SURROUND YOURSELF

with some of the

BEST & BRIGHTEST MINDS IN

REAL ESTATE

FACULTY AND SUPPORT

REAL ESTATE CAREER OPPORTUNITIES

Receive hands-on instruction from top real estate professors and real estate industry executives as you learn about the vast number of career opportunities available to you within the real estate industry. Apply knowledge and skills you acquire from the classroom to real-life real estate projects with your classmates and compete against other universities in real estate competitions. Join and participate in the student-run Real Estate Society and its events which directly supports students interested in pursuing or learning more about a career in real estate.

• Commercial Brokerage and Leasing

REAL ESTATE COMPETITIONS

The Real Estate Society at USD is a student-run organization that supports students interested in pursuing a career in real estate. Through this group you will be exposed to:

Undergraduate real estate students put theory into practice and solve real-world real estate challenges through student competitions offered within the industry. The NAIOP University Challenge—a local competition—is the primary undergraduate competition. The challenge requires students to address the highest and best use of pieces of land and/or tackle real-world real estate issues presented by leading executives within the real estate industry.

• Appraisal • Development • Commercial Investment and Financing • Property Management • Mortgage Banking • Corporate and Asset Management • Residential Brokerage and Lending, and much more.

REAL ESTATE SOCIETY

• Industry speakers • Representatives from industry trade organizations • Current and important industry topics • Site tours of local real estate projects • Mentorship and career opportunities within the industry.


Real Estate Career Expo GET YOUR INTERNSHIP OR JOB HERE The Burnham-Moores Center for Real Estate hosts a Real Estate Career Expo on campus annually. Company representatives from the real estate industry meet with students in a “speednetworking” format, enabling students to participate in six-minute long informational interviews. Students have the opportunity to network with company representatives at the end of the event. Hiring managers are given a résumé book of students attending the Expo and many students receive call backs for follow-up interviews for open positions as a result of this event.

WHAT USD REAL ESTATE ALUMNI HAVE TO SAY “The faculty and BMC team prioritize your success by ensuring a valuable and practical education, connecting you with the real estate industry in a meaningful way, ultimately uncovering the right career trajectory for you.”

“Real Estate is the best training ground of any major and with the support of the Burnham-Moores Center, you are well-prepared for the future.” —Rodd Miller ’01

“Being on the winning real estate NAIOP University Challenge team was the most incredible learning experience—winning the challenge made it incredibly special.” —Danielle Priore ’17

—Daniel Pinkus ’16

The Burnham-Moores Center for Real Estate SETS YOU UP FOR SUCCESS The Burnham-Moores Center for Real Estate is here to help you—the student. This is at the core of our mission—to recruit, educate, and mentor real estate students and facilitate their career pursuits. Meet one-on-one with our real estate faculty and professional staff who will help you jump-start your career in real estate. Here are just a few ways we will help you: • Take advantage of BMC’s professional assessment tool and personalized career coaching which provides you with insights into which area of real estate is right for you.

• Through BMC’s mentorship • The Burnham-Moores program, our team will Center offers more pair you with a real estate than 30 scholarships to executive to provide you promising undergraduate with a stellar experience. and graduate real estate Learn the ropes of students at USD. Both the industry directly merit-based and needsfrom industry leaders. based scholarships are Many of these budding available. relationships continue long after graduation.

Your Gateway into the Real Estate Industry www.usdrealestate.com realestate@sandiego.edu • (619) 260-2256

• The BMC hosts a number of highly regarded real estate conferences each year which offer important networking opportunities with industry leaders. You will also gain access to real estate trade organizations, including NAIOP, CREW, ULI, SDAR, and more.


Real Estate Finance, Investments and Development Certificate Develop the knowledge and tools to gain a competitive edge in Real Estate

Course of Study Enroll in individual courses, or earn a professional certificate by completing the 6 required core courses, seminar, and 2 elective courses.

Core

In collaboration with USD’s Burnham-Moores Center for Real Estate, the Division of Professional and Continuing Education has developed this commercial real estate program, intended for real estate, finance and development industry professionals who want to expand their practical knowledge base and learn today’s most cutting-edge real estate best practices. Gain the skills that will allow you to identify sources of capital and investment, and learn about development and management strategies that will make you more competitive in the market.

(6 core courses required plus the Real Estate Process Seminar)

REP-X809 Urban Development Strategies REP-X810 Managing the Entitlement Process REP-X811 Real Estate Process Seminar (Plus Optional Walking Tour) REP-X813 Real Estate Investment and Income Analysis 101 REP-X816 Real Estate Finance REP-X817 Legal Aspects of Real Estate REP-X827 Development Feasibility

CEQA could be one of the greatest obstacles to development and could single-handedly sink a project if not understood. Knowing the basics before taking down a project could lead to better acquisition decisions. – John Wurster, Sr. Project Manager ​

I highly recommend this class to anyone trying to navigate the increasingly complex entitlement process. Robin Madaffer has a great deal of experience in land use law, a practice which she obviously enjoys. Her class material, lectures, guest speakers and tips will give any developer a serious advantage in understanding and managing the entitlement process. – Jeff Freeman

Learn More & Enroll Today! sandiego.edu/pce/realestate | (619) 260-4585 | continuinged@sandiego.edu

Electives (2 Required)

REP-X814 Real Estate Investment and Income Analysis 102 REP-X818 Property Management REP-X828 Real Estate Asset Management REP-X812 CEQA and Other Environmental Regulations Courses led by highly-regarded practitioners from various facets of the real estate industry.


LEADERSHIP TEAM As a Center of Excellence within the School of Business at the University of San Diego, the mission of the Burnham-Moores Center for Real Estate (BMC) is to help recruit, educate and mentor USD’s real estate students with the goal of facilitating their career pursuits in a socially responsible manner and with a global perspective. We accomplish this mission through support of outstanding faculty and professional staff, dedicated career services, active industry involvement and outreach, and cutting-edge research.

NORM MILLER, PHD

CHARLES C. TU, PHD

ERNEST W. HAHN CHAIR OF REAL ESTATE FINANCE

DANIEL F. MULVIHILL PROFESSOR OF COMMERCIAL REAL ESTATE ACADEMIC DIRECTOR, MSRE PROGRAM

Norm Miller is the Ernest W. Hahn Chair of Real Estate Finance within the School of Business and is affiliated with the Burnham-Moores Center for Real Estate. Previously, he was the academic director and the founder of the real estate center at the University of Cincinnati. Miller also served as vice president of analytics for the CoStar Group from 2010-11. He is the former editor of the Journal of Sustainable Real Estate. He is a recipient of the ARES Grasskamp and Ratcliff Awards, a past recipient of the NAIOP Distinguished Fellow Impact Award and was selected as a 2013 University Professor at USD. Miller is currently a Homer Hoyt Land Use Institute faculty and board member. AREAS OF EXPERTISE: Macro and micro views on housing, mortgage and real estate and real estate financial markets and outlook; commercial and residential topics; sustainable real estate issues as a global expert; all public policy (legislative and regulatory) issues; research pertaining to office space demand and supply; and forecasting.

STATH J. KARRAS EXECUTIVE DIRECTOR

As the executive director of the BurnhamMoores Center for Real Estate, Stath Karras is responsible for establishing and leveraging strategic priorities and initiatives for the center to advance its mission to recruit, educate and mentor real estate students with the goal of facilitating their career pursuits within the industry. Prior to this position, Karras spent seven years as an executive managing director with Cushman & Wakefield. He also spent 19 years at Burnham Real Estate Services and served as president and chief executive officer. Karras is currently the chairman of the board of CONNECT, is a past chairman of the board of directors for the EDC and serves on the board of LEAD San Diego. He also serves as an advisor to several technology companies.

Charles Tu oversees the graduate and undergraduate real estate programs at USD. In addition to teaching courses, he also coaches student teams in local and national competitions. USD MSRE students won six first-place and two second-place victories in the ARGUS University Challenge in the eight years the event was held. Tu is a NAIOP Distinguished Fellow and teaches a variety of online and on-site courses for both NAIOP and ULI. Tu focuses on conducting applied research that helps improve real estate and business decision-making. He has published articles in leading academic journals and the findings of his research have been cited in major newspapers. AREAS OF EXPERTISE: Mortgage and capital markets and

interest rates; real estate markets (both commercial and residential; smart growth planning; urban and mixed-use development and infrastructure; and current conditions and future prospects.

JACQUELINE GREULICH ’85 BBA STUDENT AND CAREER SERVICES MANAGER

Jacqueline Greulich is responsible for connecting undergraduate and graduate real estate students with professionals within the commercial and residential real estate industry. She also oversees the coordination of student mentorships, internships and career placement initiatives. Greulich has more than 20 years of experience within the commercial real estate industry, including positions with Westcore Properties and Burnham Real Estate (now Cushman & Wakefield). She is an alumna of USD, Lead San Diego 2001, a recipient of the TWIN YWCA award and a board member of Alpha Project and SD Center for Children.


KIMBERLY MALASKY

ASHLEY ADAMS ’10 BA, ’17 MA

DIRECTOR OF COMMUNICATIONS AND MARKETING

COMMUNITY OUTREACH AND MSRE RECRUITMENT MANAGER

Kimberly Malasky is responsible for the oversight and execution of all communications and marketing projects for the Burnham-Moores Center and for building mutually beneficial relationships with constituents of the BMC. Malasky offers more than 20 years of experience implementing strategic communications, public relations, marketing and business development strategies for private and publicly held companies. She was founder and president of KM Consulting and also served as president of Client Link, a marketing and branding solutions company for real estate property management companies. Malasky is currently a member of CREW San Diego and the Society of Professional Journalists. In 2016, she was named one of SD Metro’s “Women Who Impact San Diego.” Malasky is currently pursuing the Real Estate Finance, Investments and Development Certificate at USD.

Ashley Adams manages and coordinates the recruitment for the Master of Science in Real Estate (MSRE) program through active industry involvement and outreach, and handles communications with prospective and admitted MSRE students. Adams graduated from USD with a bachelor’s degree in communications and earned a master’s in leadership studies. She is involved with Cultivate Conscious Kids, a youth leadership development program she co-launched in the summer of 2016.

JOE BERTOCCHINI ’01 BBA ALUMNI AND SCHOLARSHIP SERVICES MANAGER

Joe Bertocchini is the liaison between the Burnham-Moores Center for Real Estate and USD real estate alumni. He works closely with the Real Estate Alumni Association and develops programs to encourage alumni engagement with the BMC. Additionally, Bertocchini oversees more than 30 real estate scholarships (both internal and external) and works closely with USD real estate students to help facilitate the application process. After graduating from the University of San Diego’s School of Business, Bertocchini became acquisitions manager at R&R Capital and was co-founder and vice president of Capital Real Estate Investments.

DIANE ICE EVENTS AND COMMITTEES MANAGER

Diane Ice manages the logistics of the Burnham-Moores Center’s conferences, Policy Advisory Board and BMC Real Estate Committee meetings, special events and workshops. Ice began working at the BMC in 2009. Her previous experiences include working in corporate events and in sales and marketing within the hospitality industry. Ice earned an event management certificate from the University of San Diego.

Media and Speaker Engagement Inquiries For more information about the Burnham-Moores Center for Real Estate, visit www.usdrealestate.com or contact Kimberly Malasky at kmalasky@sandiego.edu.

JOHN FERBER REAL ESTATE COMMITTEE AND CONTINUING EDUCATION MANAGER

John Ferber oversees the BMC Real Estate Committee and BMC’s involvement with USD’s Continuing Education Real Estate Finance, Investments and Development Certificate program. He established the annual Real Estate Career Expo for the Burnham-Moores Center. The event brings together real estate hiring managers and real estate students for a “speed-networking” job event annually. Prior to joining the BMC, Ferber served as senior staff vice president of commercial real estate finance and multifamily at the Mortgage Bankers Association of America (MBA). He was also executive vice president in the real estate finance sector and later as senior managing director of merchant banking at First Bank System in Minnesota.

Your Gateway into the Real Estate Industry www.usdrealestate.com realestate@sandiego.edu • (619) 260-2256


University of San Diego School of Business MSRE Team Wins the 2017 ARGUS University Challenge On April 12, 2017 a team of Master’s in Real Estate students from the University of San Diego School of Business and the Burnham-Moores Center for Real Estate has once again defended its title in the 2017 ARGUS University Challenge. This victory makes the fourth first place win in a row for USD. In the eight years the competition has been held, the School of Business team has taken first-place on six occasions and second-place on two occasions. The 2017 team of Adam Goff ’17, Marina Koelbl ’17, Nick Kolbe, Erik Luedtke ’17 and Karamarie White ’17 was led by faculty advisor Charles Tu, the Daniel F. Mulvihill Professor of Commercial Real Estate. The 2017 ARGUS University Challenge focused on three sub-par retail centers in three cities on the verge of potential economic expansion. The property owner tasked teams with determining the best course of action for each property: sell, re-finance the existing debt and continue to hold, or upgrade through capital improvements and continue to hold. Based on thorough market research, consultations with industry professionals and knowledge gained from the classroom, Team USD concluded that performing capital improvements and continuing to hold maximized the value of each property. However, Team USD went beyond what was required and recommended a fourth option: upgrade each property through capital improvements and sell in the near future. “Our team appreciates the opportunity to participate in the ARGUS University Challenge,” says White. “Throughout the six weeks working on the report, we expanded our market research abilities and ARGUS modeling knowledge. These finetuned skills, accompanied by a positive group experience, will prove to be invaluable throughout our careers.” This year, the team competed against 38 top universities from countries around the world for cash prizes totaling $22,000. The USD team’s 2017 ARGUS trophy will be showcased at the Burnham-Moores Center for Real Estate. The team also received $12,000 for their work. Join the winning ARGUS team and apply now to the MSRE program at USD. Contact (619) 260-2256 or email realestate@sandiego.edu for more information. About the Burnham-Moores Center for Real Estate As a Center of Excellence within the School of Business, the mission of the Burnham-Moores Center for Real Estate is to help recruit, educate and mentor real estate students with the goal of facilitating their career pursuits in a socially responsible manner and with a global perspective. We accomplish this mission through support of outstanding faculty and professional staff, dedicated career services, active industry involvement and outreach and relevant and applied research. Media Contact: Kimberly Malasky, Director of Communications and Marketing kmalasky@sandiego.edu 619-260-4786


Undergraduate Real Estate Team Takes First Place in NAIOP University Challenge On April 27, 2017, a team of University of San Diego School of Business undergraduate real estate students took first place in the Seventh Annual NAIOP University Challenge. USD real estate seniors Danielle Priore, Alexander Splinter, Gwendolyn Walter, Demarco Duran, Forrest Greenwalt and Anh Nguyen competed against teams from the University of California San Diego and San Diego State University. The competition involved the highest and best use analysis of the downtown county courthouse site, comprised of 3.45 acres along three blocks of land, which was first built in the 1870s. The University Challenge comprised three parts: a written report; a private question and answer session with a panel of nine senior level commercial real estate executives who served as judges; and a final presentation before 300 industry professionals at a NAIOP reception. The USD team proposed a project titled “The Quartz” to fit in with the other gem-like building projects downtown. The project incorporated a creative residential component tailored specifically to millennials, featuring 250 micro units at 250350 square foot each. Along with the residential component, commercial and retail space also encompassed three blocks of prime downtown San Diego. The project also boasted numerous community benefits including: a San Diego Innovation Center Museum; a 5,000 square foot dog park; an open-air concert venue; and much more. The USD undergraduate team addressed real estate-related topics, including financing, transit-oriented issues, sustainable development, traffic patterns, community impact, feasibility and investment returns. “Being on the NAIOP University Challenge team was the most incredible learning experience,” says Priore ’17. “It provided me with the opportunity to connect what I’ve learned about market research and finance in class with creating a real development project from start to finish and I gained hands-on leadership experience as team leader. I am grateful and excited that we won and got to bring the trophy home to USD.” “We are proud to have our outstanding real estate students recognized for their hard work dedication and commitment involved in this competition, says Stath Karras, executive director for the Burnham-Moores Center for Real Estate. The students were guided by faculty advisor, Charles Tu, the Daniel F. Mulvihill Professor of Commercial Real Estate, along with Jake Schwartz ’00. This marks USD’s first victory for the undergraduate NAIOP competition. View photos of the event. About the Burnham-Moores Center for Real Estate As a Center of Excellence within the School of Business, the mission of the Burnham-Moores Center for Real Estate is to help recruit, educate and mentor real estate students with the goal of facilitating their career pursuits in a socially responsible manner and with a global perspective. We accomplish this mission through support of outstanding faculty and professional staff, dedicated career services, active industry involvement and outreach and relevant and applied research. Media Contact: Kimberly Malasky, Director of Communications and Marketing kmalasky@sandiego.edu 619-260-4786

2017 Burnham-Moores Center for Real Estate media kit  

The University of San Diego's School of Business presents the 2017 Burnham-Moores Center for Real Estate media kit .

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