Real estate team notches 5th place finish in national portfolio challenge
After managing a portfolio and maximizing real estate investments for the entirety of 2018, a team of five UNIBusiness students finished fifth in Altus Group's Real Confidence University Portfolio Challenge, notching a strong 10.59% return. It was the school’s best finish in the competition, besting teams at Harvard and Stanford, among many others.
The UNI undergrad team of Lucas Hedstrom (Real Estate and Finance '18), Tanner Hedstrom (Real Estate, Finance and Supply Chain Management '19), Cam Touro (Real Estate and Finance '18), Chandler Martin (Real Estate and Finance '18) and Paul Pins (Real Estate and Finance '18) were just a few of the more than 290 students from 48 universities who participated in the competition.
The Real Confidence University Portfolio Challenge allocated $1 billion in theoretical money to each team, which then invested in different real estate sectors. After bearing through a tough first quarter, losing 7.25%, UNIBusiness recovered and posted a 11.76% gain in the second quarter. All told, UNI was just less than 6 percentage points off the top team, the University of South Alabama.
“Their independence impressed me the most,” said Art Cox, who advised the team and is the director of the real estate program. “They made their choices on their own, using knowledge learned in their UNI courses.”
UNIBusiness continues to impress at competitions in the spring semester, finishing second in February’s national CFA Challenge and notching multiple top finishes in various events at the Phi Beta Lambda state competition in early April.
UNIBusiness thanks the those who donate to the Dean's Fund for Excellence. Funds raised help pay for student organization competitions, global experiences and professional credential education.