Four members of Texas Tech University's Real Estate Organization (REO) recently placed first in an undergraduate case study competition sponsored by the North Texas Chapter of the International Council of Shopping Centers (ICSC). Of the four years that this competition has been held, Texas Tech has attended three times - earning first place twice and second place once. View ICSC award announcement.
Members of the team that competed this year include: Amanda Calvert, a senior construction management major from Mount Pleasant, Texas; Megan Reynolds, a senior finance major from Dallas; Preston Patterson, a senior finance major from Plano, Texas; and Alex Priest, a senior finance major from Abernathy, Texas. Interim Dean Paul Goebel and Professor Jared Harrell serve as co-advisors for the team.
Each of the seven teams competing received a case prompt 11 days prior to the project date. After evaluating the prompt, teams had to decide on the best use for the 323,000 square foot retail property outlined in the prompt; create a solution involving a tenant mix; determine how to develop vacant land; deal with the municipality on zoning, building code and permit issues; and outline how to finance the construction and total project. Additionally, team members were required to analyze the market, then address issues relating to development, leasing, management, municipality and capital market issues. For the final submission, the teams presented and defended their proposal to a panel of judges.
In addition to Texas Tech, six other schools participated in this year's case study competition, including: University of Texas at Austin, University of North Texas, Texas Christian University, University of Texas at Dallas, University of Texas at El Paso and Southern Methodist University. UT Austin and the University of North Texas tied for second place, while Texas Tech took home the gold for the second time.
Congratulations to Amanda, Megan, Preston and Alex, whose hard work and dedication exemplify what it means to be a Rawls Red Raider.
To view more photos from the competition, please visit the Rawls College's Flickr account.This supports the efforts outlined in the Rawls College of Business Strategic Plan. Learn more about the LEADER 2020 Strategic Plan and follow our progress on Twitter at #RawlsLeads.