Real Estate

Johnson Development Associates, American Storage, OTO Development: Excellence across Property Types

October 28, 2014 By Mason Ellerbe

This blog was written by Vincent Manzenberger, MBA Class of 2015 Recently, UNC Kenan-Flagler welcomed Johnson Development Associates (JDA) and its affiliated companies American Storage and OTO Development to campus for a presentation and interviews. Real Estate professionals Geordy Johnson, Ben Graves, David Berry, Corry Oakes, and Todd Turner treated a group of more than 35 students to a company overview and an introduction into development activities across the property types of multifamily, storage, and hotel development. Attendees learned about the history, market-focus, recent initiatives and future plans of the companies, which are headquartered in Spartanburg, SC, and benefited from an interactive presentation that also included various case studies. Of particular interest to all students was a discussion surrounding a Read More

The MBA Real Estate Club Visits NYC

October 28, 2014 By Mason Ellerbe

This blog was written by Andrew Eckman, Class of 2015 The UNC Kenan-Flagler MBA Real Estate Club made its annual two-day fall break trip to New York City to hear from leading real estate employers.  In all, eleven employers hosted the 25 students over the course of the two days.  Each host provided a unique perspective on the market, competitive landscapes and professional development. Thursday started with a visit to Morgan Stanley, where we heard from the real estate investment banking team about recent activity in their group, day-in-the-life experiences and the Morgan Stanley platform. For our second visit, we toured the AVA High Line project, hosted by development manager, Jon Vogel.  The development of the High Line has spurred Read More

Buildings and Bowling in Buzz City

October 27, 2014 By Susan Drake

This blog was written by David Valenstein, Undergraduate Class of 2015 Mid-semester, 15 undergraduates real estate club members participated in an educational and eventful career trek to Charlotte, totaling 2 property tours and 7 company visits. For many club members, the trek represented an introduction to the ever-evolving Charlotte market, a chance for first time trek participants to establish connection with the greater Tar Heel alumni network, and an opportunity to gain first hand insight into a diverse set of real estate career opportunities. The trek opened with a tour to The Moser Group, an entrepreneurial development shop south of Charlotte in Indian Trail, NC.  Dennis Moser, President and founder of the Moser Group, showed us a variety of projects Read More

The MBA Real Estate Club Visits Charlotte

October 10, 2014 By Mason Ellerbe

This blog was written by Mason Ellerbe, MBA Class of 2015 Recently a group of 33 first and second year MBA Real Estate students traveled to Charlotte to visit with several real estate firms in the area. On our first day we had the opportunity to meet with Jeremiah McCrory from Batson-Cook Construction at their Skyhouse development in Charlotte scheduled to be delivered in May 2015. Batson-Cook and Novare have partnered on over 11 Skyhouse towers around the Southeast, occasionally partnering with local developers on individual projects. In Charlotte their partner is Grubb Properties. Jeremiah told us how building essentially the same building over again in different cities has allowed Batson-Cook to streamline its construction process saving time and money Read More

MBA Fall Real Estate DC Trek – Two Days, Seven Projects

October 1, 2014 By Mason Ellerbe

This blog was written by Mary Margaret Little, MBA Class of 2016 The MBA Real Estate Club recently visited Washington, D.C. for the first career trek of 2014-2015 academic year.  With the support of the MBA Real Estate Club and the Wood Center, the Alumni Networking Reception was held at The Gryphon in Dupont Circle. We had a great turnout, and we look forward to seeing many more of you during our next visit in February 2015. Over the two-day trip, we toured seven projects throughout the District and Maryland. We explored projects in various stages of completion with tours given by seven different companies including: mFlats by Kettler, Pike & Rose by Federal Realty Investment Trust, Bethesda Crossing by Read More

Asset Class Fundamentals at UNC Kenan-Flagler

September 23, 2014 By Susan Drake

This blog was written by Jonathan Lim, MBA Class of 2016 Recently, the classes of 2015 and 2016 had the opportunity to meet with and learn from leaders in a variety of asset classes and industry functions during company presentation day at UNC Kenan-Flagler. Both a learning opportunity for those without real estate backgrounds and a networking opportunity for the class as a whole, company presentation day was a great success and a rare opportunity to gain a wide knowledge of real estate at both the macro and company levels. Through discussions surrounding larger economic and consumer trends and firm-level strategy, we were able to gain a holistic view of the multi-family, commercial, retail, and industrial asset classes. We started Read More

PERE Special Report – US Graduate Programs, Real Estate

September 16, 2014 By Susan Drake PERE

A growing number of American universities are offering dedicated graduate degree programs in an effort to curtail the practice of Wall Street poaching and directly address the specialized skills required by the private equity real estate industry.  This article is re-printed with permission and can be seen on the Pere News website along with a survey of the top graduate real estate programs.  The site requires a minimum registration, giving you the ability to download three articles a month.  This is worth one of those downloads. Back to school By Erik Kolb In the July/August issue of PERE, there is a special section looking at the recruiting, compensation and teambuilding practices of the private equity real estate industry. Of par- Read More

Announcing the Final Fund Investment of KFBSF Real Estate Fund II

September 8, 2014 By Susan Drake

Announcing the Final Fund Investment of KFBSF Real Estate Fund II The student-managed KFBSF Real Estate Fund II at UNC Kenan-Flagler Business School has made its final investment.  Alongside project sponsor Keystone Property Group, KFBSF Real Estate Fund II has invested in a value-add suburban office portfolio located in New York, New Jersey, and Connecticut.  The portfolio consists of 11 office buildings across 8 campuses totaling 2.2M square feet. About Keystone Property Group, Inc. Keystone is a suburban Philadelphia based real estate investment group with a focused strategy on transforming underperforming properties into valuable assets. Over the past twenty years Keystone has participated in the acquisition, development, leasing and management of commercial real estate properties, including office, flex and industrial Read More

Back to School

July 29, 2014 By Susan Drake

The following article by Erik Kolb was published on July 18, 2014 by PERENews.com with permission to re-publish here. ‘Unorganised and ‘unattractive’: the typical real estate recruitment process isn’t widely admired. Tapping the growing number of universities with dedicated real estate MBA programs could be the answer In the current issue of PERE, there is a special section looking at the recruiting, compensation and teambuilding practices of the private equity real estate industry. Of particular note in that section is a guest column on the industry’s recruiting practices through the eyes of a recent MBA graduate – a view that is likely to be a revelation to some firms that think they have recruitment figured out. In the column, Will Read More

Another Real Estate Fund Investment – Ashford Belmar

July 2, 2014 By Susan Drake

The student-managed KFBSF Real Estate Fund II at Kenan-Flagler Business School has invested in the acquisition of a 512 unit apartment project in the Belmar sub-market of Lakewood, CO.  The investment sponsor is The RADCO Companies.  Located eight miles west of downtown Denver, this transaction was reported in the Wall Street Journal, Property Reports, on June 25, 2014. About The RADCO Companies The RADCO Companies is an Atlanta-based leader in workout and value recovery of challenged real estate assets.  The Company has acted as both a principal and as a service provider to lenders and financial institutions for over 19 years.  In 2011, RADCO began focusing on multifamily investments with mark-to-market and value-add opportunities due to their attractive risk-adjusted returns.  Read More