L to R: Aditya Singh, Raegan Brown, and Zeke Galloway present their project, The Shepherd Hotel at the University of Maryland on December 10, 2022.
For the second year in a row, MRED Program students received second-place in the University of Maryland Colvin Case Study Challenge. Current MRED students Raegan Brown, Zeke Galloway and Aditya Singh comprised the Fall 2022 student team.
In it’s seventh year, the University of Maryland Colvin Case Study Challenge is a national intercollegiate real estate case study competition for full or part-time students enrolled in a college or university real estate program. The purpose of the Challenge is to “document a recent innovative real estate project within the team’s metropolitan region.”
MRED students chose The Shepherd Hotel located in Clemson, SC at the Fall 2022 project. Opening in late 2022, the Shepherd Hotel is a boutique, six-story, 67-room hotel located in the heart of downtown Clemson. In partnership with the ClemsonLIFE program, the hotel trains and employs individuals with intellectual disabilities. Project submissions had to meet parameters of a local project of 25 acres or less with a TDC of $25-$250 Million, completed by 2017 or later.
As one of four team finalists, the Fall 2022 team presented their proposal to a jury at the University of Maryland in College Park on Saturday, December 10, 2022, taking home second-place.
The goal of the competition is to “hone professional skills and reveal the knowledge base and understanding of markets, project valuation, finance, urban design, sustainability, entitlement processes and operational issues.”
MRED Program Director and professor, Dr. Dustin Read, served as the Fall 2022 academic advisor. A $2,500 prize accompanies the second place finish.