The first annual Real Confidence University Portfolio Challenge™, in which teams from 15 universities compete to create the best-performing portfolio from a mixture of real estate investments, will result in $50,000 for the grand prize winner.
The competition, which is underway, is sponsored by NAREIT, Altus Group Ltd., and the National Council of Real Estate Investment Fiduciaries (NCREIF).
Under the terms of the challenge, each team chooses how to allocate $1 billion to four quadrants of commercial real estate investment: public equity, private equity, public debt and private debt. The best-performing portfolio over a four-quarter period will be declared the grand prize winner on July 30, 2016. The winning university will receive $50,000 for use within its real estate or business program, or towards scholarships.
“We believe it will help encourage the study of real estate and its role in investment portfolios, and we look forward to feedback from the students who participate in this first competition of its kind,” said Steven A. Wechsler, president and CEO of NAREIT.
The 15 universities competing for the prize include: College of Charleston; Florida International University; Georgetown University; Georgia State University; Harvard University; Johns Hopkins University; Lehigh University; Middle Tennessee State University; Pennsylvania State University; Texas A&M University; Texas Christian University; University of Chicago; University of Denver; University of San Diego; and University of Wisconsin.
For more information, to keep tabs on the schools’ portfolios, or to try the challenge yourself, visit the University Portfolio Challenge website.