Colorado Real Estate Journal - January 6, 2016
A team from the Colorado State University College of Business took top honors at the recent International Council of Shopping Centers Sherman Miller Real Estate Competition. The team included Jake Miller, Denzel Myers, Zach Johnson, Sam White and Lance Eberhard. Hosted by CSU’s Everitt Real Estate Center, the competition involved undergraduate students from CSU, the University of Colorado-Boulder and University of Denver. The teams were tasked with analyzing a retail shopping center investment, which required creating a pro forma, analyzing market conditions, rent roll, cash flow, holding period, loan-to-value and debt/equity capital stack, among other factors. “Something I’ve stressed to everyone I’ve talked to about this competition is the value of real-world practice,” said White, CSU’s team captain. “As students, we are almost exclusively focused on the academic part of our skill set. However, real-world practice and experience is the best way to translate this academic knowledge into real-world value. My teammates and I were focused on winning, but throughout the experience we understood the importance of this experience goes far beyond the value of finishing first.” “Each team in this year’s ICSC real estate competition worked very hard in a short amount of time and submitted excellent presentations,” said Bethany Geisert, Everitt Center administrative coordinator. “After reviewing the presentations, the judges pointed out the impressive amount of detail that was provided by the CSU team, especially considering the quick turnaround.” “We cannot think of a better opportunity for the students to distinguish themselves in the job market as candidates,” added Richard Button, interim executive director of the Everitt Real Estate Center. High Fives! recognizes good deeds and accomplishments by companies and individuals in the Colorado commercial real estate industry. Please share your good news and photos with us by emailing jjamieson@crej.com. Submissions should be 200 words or less.