The Utah Real Estate Challenge (UREC) is an intercollegiate real estate development competition for undergraduate and graduate students throughout the state of Utah. The competition fosters understanding of real estate development by giving students the opportunity to prepare and present a real estate development plan to a panel of expert judges. A grand prize of $20,000 will be awarded to the student team with the most promising and economically viable Real Estate Development Plan. Second and third prizes are $10,000 and $5,000 respectively.

Competition Details

ROUND ONE: Development Proposal – 5 pages

ROUND TWO: Development Business Plan – 25 pages

See the UREC packet for full details.

Each submitting team must have at least two members and no more than five. All team members must be matriculated students at a college or university in the state of Utah. A graduating student may participate if he/she completes all graduation requirements during fall semester. Successful teams have a strong combination of finance, construction, land planning and real estate development skills.
A grand prize of $20,000 will be awarded to the student team with the most promising and economically viable real estate development plan. Second and third prizes are $10,000 and $5,000 respectively.
After round one, three finalist teams will be selected to move on to the final round. Judging criteria was developed by real estate professionals from the community and is indicative of the emphasis that investors place on real estate investment opportunities.
The UREC team will hold information sessions at various colleges and university campuses throughout the state. These forums will include a presentation introducing the UREC and answering questions.

To schedule an information session at your school, please contact Abby.Reiser@Eccles.Utah.edu.

Registration

UREC Registration opens Oct. 1, 2016. At least one team member must register prior to the February 6, 2017 deadline. Teams members may be from different schools. Team names can be changed after registration. Please see the UREC packet for more details.

Registration Opens: Oct. 1, 2016
Registration Deadline: Feb. 1, 2017
Register for UREC.

Team Proposals

Submission Deadline: Monday, Feb. 13, 2017
Submit your first round proposal.

First Round Judging

Thursday, Feb. 23, 2017

Finalist Proposals Due

Submission Deadline: March 29, 2017
Submit your final proposal.

Final Judging Event and Awards

Thursday, April 6, 2017

Check out the projects of past UREC winners below:

Furniture Row
The Hub @ Ashton Station
700 Broadway Development

Get Involved