April 14, 2014

Fisher among top teams at real estate competition

Fisher's team (from left): Eric Nielsen, Casey Courter, Lee Brinkman, Patrick Lynch

While they knew combining their course work with case-competition preparation in the final month of the spring semester would be difficult, Fisher undergraduate students Patrick Lynch, Lee Brinkman, Casey Courter and Eric Nielsen could not pass up the opportunity to put their skills and passions for real-estate development and finance to the test.

The result: a third-place place in the prestigious Villanova Real Estate Challenge.

“This was a tremendous opportunity to compete toe-to-toe with the top real-estate programs from around the nation,” said Lynch, president of the undergraduate Fisher Real Estate Society.

The Villanova Real Estate Challenge is a national real-estate development case competition hosted by the Daniel M. DiLella Center for Real Estate. This year, students were given a vacant 32 acre site in Sunrise, Florida, and were charged with proposing a mixed-use development plan that would incorporate the needs of the community and capture a desirable overall return on the equity in the project. Teams had three days to work on their proposals followed by final presentations to judges. Overall, 14 teams competed in Villanova, Pennsylvania.

Schools included traditional real-estate powerhouses such as the University of Pennsylvania, University of Wisconsin, University of Southern California and New York University. Villanova University and the University of North Carolina finished in the top two spots. Fisher’s team members not only took home the third-place prize in a highly competitive field, but gained an invaluable learning experience.

“It was extremely motivating receiving such positive feedback on a project we created in 72 hours from some of the most distinguished professionals in the industry,” Courter said. “I hope this finish helps put Ohio State in the conversation as a top real estate program, and also ignites interest within our student body in the profession.”

The team received support from The Ohio State University Center for Real Estate.

“The whole experience is one of the most rewarding and memorable I’ve had as a student," Brinkman said. “I am very grateful to the center for making this possible, and grateful to Fisher for providing me with an education that is second to none.”