Utah Real Estate Challenge

/Utah Real Estate Challenge
Utah Real Estate Challenge2020-07-14T16:57:55-06:00

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.

2020 Trailer

Winner Announcement

Finalists’ Presentations

CCSQ

DISC Development

TEDD Partners

Thank You to our Sponsors

Competition Details

ROUND ONE: Development Proposal – 5 pages

ROUND TWO: Development Business Plan – 25 pages

See the UREC and Site Kick Off packets for full details.

UREC Packet
Site Kick Off Packet

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.

See Judging Packet

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 MRED-Masters@Eccles.Utah.edu.

Registration

Registration opens: Friday, Nov. 1, 2019
Team registration deadline: Thursday, Jan. 16, 2020
Site walkthrough: Saturday, Jan. 11, 2020
9:50 am          Arrive at the Broadway Site
                           NW Corner of 300 S. & 200 E., Salt Lake City, UT

Site Walkthrough Video

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

Register for UREC

Team Proposals

One-page summary deadline: Monday, Feb. 3, 2020

Submit your summary

Five-page development proposal deadline: Monday, Feb. 19, 2020

Submit your proposal

First Round Judging

Thursday, Feb. 27, 2020

Finalist Announcement

Thursday, Feb. 27, 2020

Development Business Plan Submission Deadline

Wednesday, April 15, 2020

Submit your final proposal

Final Presentation

The final presentations will be submitted virtually. Please load your video presentation to Google Drive, Dropbox, or YouTube by midnight MT April 15, 2020. Make sure the presentation is shared. Then email the link to UtahRealEstateChallenge@gmail.com.

Winner Announcement

Friday, May 1, 2020

We will keep you informed as to when we plan to reschedule our in-person celebration. Please continue to visit the UREC website for ongoing updates.

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

Sample UREC Submissions