UMKC's Graduate Real Estate Class impresses a panel of 17 judges
The Lewis White Real Estate Center has successfully concluded its second executive graduate class with a capstone event in which three teams competed on a highest and best use analysis of 9 acres of land at the entrance to The National Golf Course of Kansas City. The students were introduced to the subject property at the beginning of their 14 month intense program and were challenged to apply the subject matter of each course to the analysis of this property. In addition, they were encouraged to reach out to the real estate community to ask questions and seek mentoring advice. Several local architectural firms, construction firms, developers and real estate professionals donated many hours of time to the individual teams to help them perfect their ideas and bring a real world dimension to the project. According to the Director of the real estate program, Dr. James DeLisle, "Kansas City's real estate students are fortunate to be able to enhance their academic training by drawing on the enthusiastic and supportive real estate community."
Judges worked with an extensive list of criteria to rate each team. The general criteria used for the rating included:
- Determination of most practical and viable use.
- Demonstration of knowledge accumulated during the program.
- Provision of compelling research and financial analysis to support conclusions.
- Demonstration of team - based collaboration and presentation skills.
The judges who donated their time to the process were drawn from the White Center Advisory Council Members, faculty of the Bloch School and respected members of the Kansas City real estate community.
The judges noted that all three teams provided excellent work product and each emerged a winner as demonstrated in the presentations.
Each of the teams met the requirements and performed amazingly well. However, one group rated slightly higher than the other two and walked away with the grand prize. The winning team consisted of Chuck Campbell from FiveStar Lifestyles and Naomi Menefee from Colliers International who sold the judges with their concept of "The Village at the National".
"It was truly amazing how the Capstone case study experience brought all the valuable knowledge from the program together. The contacts, exposure and integration to the commercial real estate community were invaluable." said Chuck Campbell one of the members of the winning team.