UNDERGRADUATE rEAL eSTATE cASE cOMPETITION
The University of Guelph's Undergraduate Real Estate Case Competition (URECC) is designed to attract a collection of the sharpest, most proactive minds in the real estate industry. This Annual Case Competition challenges undergraduate students to redefine the built form environment by undertaking a development plan of a large, iconic site from the current real estate market.
Each year, delegates are challenged to rethink an iconic development site in the Toronto market. The 2015 site was the $72m Westbank Mirvish Village Site. The 3.5-acre site includes Honest Ed’s, one of the first big box format stores in North America.
URECC is designed to give students the case under circumstances most comparable to the real estate industry. As such, we release the case in February, the first day after Reading Week, giving students just over a month to complete their development and pitch, amongst the turmoil of day-to-day academics in their semester. This gives students a more realistic and accurate representation of what putting together a development is like.
Delegates in the past have been representatives in teams of 4-5 from both Canadian and American Universities whose business program provides a comprehensive education, which prepares students for success in the real estate industry.
Previous years have included:
– Concordia University (John Molson School of Business)
– Cornell University (SC Johnson College of Business)
– Dalhousie University (Rowe School of Business)
– Ohio State University (Fisher College of Business)
– Queen’s University (Smith School of Business)
– Ryerson University (Ted Rogers School of Management)
– University of British Columbia (Sauder School of Business)
– University of Calgary (Haskayne School of Business)
– University of Connecticut (UCONN School of Business)
– University of Guelph (Gordon S. Lang School of Business & Economics)
– University of Pennsylvania (The Wharton School)
– University of Texas-Austin (McCombs School of Business)
– University of Toronto (Rotman School of Management)
– University of Vermont (Grossman School of Business)
– University of Waterloo (Conrad School of Entrepreneurship & Business)
– University of Western Ontario (Ivey School of Business)
– University of Wisconsin-Madison (Wisconsin School of Business)
– Wilfrid Laurier University (Lazaridis Business & Economics)
– York University (Schulich School of Business)
Delegate Information Packages Sent
Presentations, Case Competition Event & Conference
March 19th, 2021
Judges and Industry
President & CEO
Allied Properties REIT
Michael Emory is a graduate of Queen’s University (BA, Hons., 1977) and the Faculty of Law, University of Toronto (JD, 1982). Prior to entering the real estate business in 1988, Michael was a partner with the law firm of Aird & Berlis, specializing in corporate and real estate finance.
Michael is a Trustee and the President & CEO of Allied Properties REIT, a leading owner, manager and developer of urban office properties that enrich experience and enhance profitability for business tenants operating in Canada’s major cities. Allied went public in February of 2003 with assets of $120 million, a market capitalization of $62 million and a local urban-office portfolio of 820,000 square feet. 12 years later, Allied has assets of nearly $4 billion, a market capitalization of $3 billion and a national urban-office portfolio of 10.5 million square feet.
Final Judging Panel
President, Canadian Multi-Family Starlight Investments
David Chalmers joined Starlight in September 2011 and is President, Canadian Multi-Family. David leads a team of over 70 individuals in Starlight’s asset management, investments, capital expenditures and development groups. He has over 20 years of experience managing real estate investments for private, public and pension fund stakeholders in all asset classes including residential and commercial. His expertise includes both purchase and disposition activities, completing over $10 billion in transactions including large portfolios and individual assets.
Previously, he held positions in property and asset management with TransGlobe Investment Management Ltd. and Redcliff Realty Advisors Inc. (now Triovest Realty Advisors Inc.). David holds an Honours Bachelor of Commerce degree from the University of Guelph with a major in Real Estate Management.
Executive Vice President & Chief Financial Officer Allied Properties REIT
Cecilia C. Williams is a graduate of the University of Toronto (B.Comm., 1998).
She was formerly Vice President and Controller of Dream Unlimited and Chief Financial Officer of Dream Alternative Trust. Cecilia began her career at Arthur Andersen, where she obtained her Chartered Accountant designation in 2001 while working in the assurance and valuation practices. She continued her career development through progressively more senior financial and planning positions at Magna International and Canwest Broadcasting/Shaw Media.
President and Principal
Dermot is a professional Architect and President of Sweeny &Co Architects Inc. An innovative thinker, Dermot brings together building design, urban design, urban economics, real estate development, architectural heritage and adaptive re-use to maximize the value of each of the firm’s project.
He has brought global and national organizations such as Microsoft, Loblaw, TELUS, RBC Financial Group, RBC Dexia, and BMW to the forefront of sustainability. His commissions range from hospitality and retail interiors to commercial office towers, head offices, mixed-use and residential developments, academic institutions and urban entertainment projects. This broad base of clientele and project types is further served with real-estate development, financial proforma analysis, and development consulting and project management.
Dermot’s passion for green building has put him at the head of a movement to design facilities that dramatically reduce carbon footprint, reinforce brand and increase profit, while exceeding standards in comfort and flexibility.
Richard Joy joined ULI (Urban Land Institute) Toronto in June 2014 as the District Council’s first full time Executive Director.
Prior to joining ULI, Richard served as the Vice President Policy and Government Relations at the Toronto Board of Trade and he was the Director of Municipal Affairs and Ontario (Provincial Affairs) at Global Public Affairs, a leading Canadian Government Relations firm. His extensive public policy knowledge and experience comes from years of service at Queen’s Park and Toronto City Hall. Richard was the Senior Policy Advisor to the Minister of Municipal Affairs and Housing, responsible for the public policy development for the City of Toronto Act. He also served as executive assistant to MPPs George Smitherman and Michael Gravelle, as well as two City Councillors over a period that straddled the pre and post amalgamation of Metro Toronto. Richard received his BA from Carleton University, and was recently on the Board of Directors of Findhelp Information Services, a social services provider of 211 information services.
Investment Properties Sector Leader
Ciro is the National Investment Properties Sector Leader and a partner in the Deloitte Audit practice. With over 25 years of experience, Ciro has led the audits of high profile public and private real estate companies and provided due diligence and advisory services to major institutional investors and other real estate companies in both Canada and the United States.
President & CEO
Sotheby's International Realty Canada
Don Kottick is the President & CEO of Sotheby’s International Realty Canada. Don is a senior real estate executive with a proven track record of operational and brokerage management success.
Prior to Sotheby’s International Realty Canada, Don was the Executive Vice President, Corporate Development for Peerage Realty Partners (Peerage). Peerage is one of North America’s leading luxury real estate networks.
Don is a Fellow of the Real Estate Institute of Canada (FRI) and Certified International Property Specialists (CIPS). He continues to be a Director for the Canadian Real Estate Association (CREA) and is currently the Past-President/National Director of the Real Estate Institute of Canada (REIC). Prior to this, Don served four years as Director at Large on the Toronto Real Estate Board (TREB).
ABOUT THIS VENUE:
While our competition is normally held within Deloitte's state of-the-art offices. This year the completion will be hosted digitally.