Utah Real Estate Challenge

The Utah Real Estate Challenge is an intercollegiate real estate development competition for undergraduate and graduate students through out 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 with the top three teams being awarded cash prizes.

2017 Winners

Students from the Eccles MRED program took home first and second prize in the 2017 Utah Real Estate Challenge.

Spectrum Development took the top place for their proposal — a professional office building in Saratoga Springs. Team members McKell Dalton, Joseph Denker and Bryce Willardson planned to split the $20,000 prize, starting with a celebration dinner at The Cheesecake Factory. 

A total of 17 teams competed in the challenge, with three chosen for the final round — two from the University of Utah and one from Utah State University. The other Eccles School team took second place.

Competition Details

View the UREC Competition Packet

Project Requirements

ROUND ONE: Development Proposal – 5 pages

ROUND TWO: Development Business Plan – 25 pages

See the UREC packet for full details.

Team Eligibility

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.

Grand Prize

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.

Information Sessions

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: Meg.Bond@Utah.edu.

Key Dates


UREC Registration opens October 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: October 1, 2016
  • Registration Deadline: February 1, 2017

Register for UREC.

Team Proposals

  • Submission Deadline: Monday, February 13, 2017

Submit your first round proposal.

First Round Judging Event

  • Thursday, February 23, 2017
  • More details to follow.

Finalist Proposals Due

  • Submission Deadline: March 29, 2017

Submit your final proposal.

Final Judging Event and Awards

  • Thursday, April 6, 2017
  • More details to follow.
Previous Winners

Check out the projects of past UREC winners below:

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