Utah Real Estate Challenge

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.

Interested in learning more about UREC, have a specific question, or would like to get involved?
Click the button below or reach out to Danny Popowski directly at danny@wsmultifamily.com.

Competition Details

Project Requirements

ROUND ONE: Development Proposal – 5 pages
ROUND TWO: Development Business Plan – 25 pages

See the UREC packet for full details.

2021 UREC Competition Packet

See the Site packet for location details.

2021 UREC Site Preview Packet

Get Involved

To learn more about the competition and how to get involved as a participant, sponsor, or judge, contact Deborah.Hansen@Eccles.Utah.edu.

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.

Judging

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.

See Judging Packet

Information Sessions

The UREC team will hold online information sessions. These forums will include a presentation introducing the UREC and answering questions.

To schedule an information session at your school, please contact Danny Popowski at danny@wsmultifamily.com.

Key Dates - 2021 Competition

Registration

Registration opens: Tuesday, Dec. 15, 2020
Team registration deadline: Friday, Jan. 29, 2021

At least one team member must register prior to the deadline. Team members may be from different schools. Team names can be changed after registration. Please see the UREC packet for more details.

Team Proposals

One-page summary deadline: Friday, Feb. 5, 2021

Submit your summary – Due Feb. 5

Five-page development proposal deadline: Friday, Feb. 19, 2021

Submit your proposal – Coming Soon

First Round Judging

Thursday, March 4, 2021

Finalist Announcement

Thursday, March 4, 2021

Development Business Plan Submission Deadline

Wednesday, April 8, 2021

Submit your final proposal – Coming Soon

Final Presentation

The final presentations will be submitted virtually. Please load your video presentation to Google Drive, Dropbox, or YouTube by midnight MT April 8, 2021. Make sure the presentation is shared. Then email the link to Danny Popowski at danny@wsmultifamily.com.

Winner Announcement

Thursday, April 22, 2021

Please continue to visit the UREC website for ongoing updates.

The UREC Registration deadline has now been extended to Jan. 29, 2021. At least one team member must register prior to the deadline. Team members may be from different schools and team names can be changed after registration. Please see the UREC Competition Packet for more details.