Course Detail (Course Description By Faculty)

For the autumn quarter, this class will only be offered in in-person mode.

Participating students will form up to three teams. Each team will select their own listed real estate company(ies) and/or strategy(ies) to endorse, research and (ultimately) present to a panel of external judges. The Real Estate Lab is designed as a capstone to your academic career and is intended to be an “applied” course – with the hope that participating students become subject-matter experts in their selected/particular aspect of real estate investing.

Participating students/teams will have wide latitude in the sort of real estate investment strategy (ies) they would like to pursue. For example, participating students/teams may pursue a traditional “bottoms-up” fundamental analysis of one or more companies – attempting to identify one or more under- or over-valued stocks and creating an appropriate investment strategy. Should students/ teams take this path, the environment is much like that of an investment manager specializing in listed real estate securities.
Alternatively, participating students/teams may pursue a less-traditional investment strategy; the type that more likely might appeal to a hedge and/or opportunity fund in which the team looks to create an investment thesis which is more complex, potentially more narrow and seeks to creatively exploit a perceived mispricing.

The overarching goal of the Real Estate Lab is to provide participating students with the latitude to examine/research investment strategies in which they are interested and to stimulate the investigation of companies and/or strategies that enables those students to “hit the ground running” with one or more investment ideas that they might hopefully deploy in the future. Accordingly, the Real Estate Lab attempts to place few constraints on the students’ creativity.

Please see syllabus link for additional details regarding this course.

The class prerequisites are having successfully taken Real Estate Investments I (#33450) and Real Estate Investments II (#33451): strict. Participation in a previous RE Challenge does not bar students from participating in this year’s RE Lab. If you are interested in participating in this year’s RE Lab, please so indicate to Professor Pagliari, via an email note (to joseph.pagliari@chicagobooth.edu) should contain as attachments: 1) a resume and 2) a one paragraph statement as to why you would like to be involved in this year’s RE Lab and what you might offer to your teammates in terms of expertise, perspective, contacts, etc.

Restrictions

None.

Cannot be taken pass/fail. No auditors.

Grades

Restrictions