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Cornell's Real Estate Tournament Draws Many Participants

Posted by Jereco O. Paloma on Oct 29, 2015 06:10 AM EDT
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NEW YORK, NY - MAY 21: Cornell University president David Skorton speaks during a news conference at the Google offices on May 21, 2012 in New York City. Google announced today that it will allocate 22,000 square feet of space in its New York headquarters to CornellNYC Tech while the university completes its new campus on Roosevelt Island. (Photo : Justin Sullivan/Getty Images)

A total of 20 teams composed of undergraduate students enrolled in real estate programs from top institutions across the world. These teams will be competing in this year's Cornell International Real Estate Case Competition, which is in its seventh year running. Aside from competing for the highly coveted title and hailed as this year's champion, the winning team will also bag the $21,500 cash prize, an article from the Hospitality Net showed.

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Organizers and participants of this year's collegiate real estate bout expressed their excitement to what's considered as the world's biggest collegiate competition to date. The growing number of participating teams shows the increasing popularity of the competition not only in the US but also in all corners of the world.

Access Point Financial, Inc.'s President and CEO Jon Wright told the Hospitality Net that he got the inspiration to establish the competition from his parents who were also educators, particularly his father whose support for students' holistic development is commendable.

"We are most honored to participate in the competition and appreciate our role in sponsoring this wonderful opportunity for students. We are proud to be associated with the center's efforts in training the best and brightest future leaders," Wright was quoted as saying by the Hospitality net.

To win the competition, participants will be given an actual real estate case, where they will analyze and create recommendations to, which they will be asked to present before the panel of judges. The student participants, who are from top real estate schools in the country and abroad, will be judged by the way they analyze the case and their recommendations as well as their presentation skills.

According to an article published by the Cornell University School of Hotel Administration, the participants will engage in a five-day bout, which will run starting November 9. The second and third winning teams will take home $6,000, and $3,000, respectively. Last year's winner was the team of students from the University of British Columbia.

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