News
CROSS-TOWN CLASSIC
June 8, 2011
 |
| It was a close one, but the team from University of Chicago's Booth School of Business (including James Faello, LaSalle Investment Management's Todd Barthel, Mesirow Financial's Kevin Connolly, and ARA's Adam Allen) took home the title in this year's Booth-Kellogg Real Estate Challenge. The contest pitted the bitter rivals against each other in a presentation proposing which public REIT they would take private if they had a $1B investment. Booth picked DuPont Fabros Technology, an eight-building data center REIT, because of its solid tenants and low risk. |
 |
| The Kellogg team (including Rushmore Properties' Tobias Veit, Draper and Kramer's Michael Gilmartin and Michael Fishbein) chose Washington REIT, which owns more than 80 properties across all property types in the DC area. The team proposed selling off the stabilized assets and using the proceeds to improve value-add assets and buy more property. Both teams deduced their respective REITs from a list of more than 120 provided by NAREIT. Research for the project took about 10 weeks and the contest was judged by a panel of industry experts from local public and private companies. |
