USD's Master of Science in Real Estate Students Win Top Honors in National Competition

A team of Master of Science in Real Estate (MSRE) students from the University of San Diego has won the 2009 Argus Software University Challenge, a national competition sponsored by Argus software, which is the industry standard for commercial real estate cash flow projection, transaction analysis and asset valuation. This was the first year that Argus sponsored such a competition.

The team of MSRE students Bob Brittingham, Brent Farrell, John Hundley, Bryce Lewis and Sasha Zhang took first-place honors in the 2009 Argus University Challenge and competed against an elite group of highly ranked universities from across the country, including Arizona State University; Baruch College; Brigham Young University; DePaul University;  Johns Hopkins University; New York University; Texas A&M University; University of California, Berkeley; University of Colorado; University of Michigan and University of Florida.

Teams were charged with simulating a real-life investment analysis of a commercial real estate property by modeling the provided assumptions in Argus software. The teams also had to submit a paper explaining the results of the analysis. A panel of seven judges, including three from the academic community, three industry professionals, and Argus Software’s CEO, Mark Kingston, selected the winners.

For their efforts, each USD student will receive a check for $1,000 from Argus.

The teams began competing in late February and the winner was announced April 30.

Founded in 1993, the University of San Diego’s Burnham-Moores Center for Real Estate is committed to delivering outstanding education, industry outreach, career and research services to advance socially responsible leadership in the real estate profession. As part of the University’s School of Business Administration, the Center offers a Master of Science in Real Estate degree, an undergraduate minor in real estate, a Certificate in Real Estate Finance, Investments and Development, a Certificate in Land Use and Sustainable Community Development and several major industry conferences throughout the year. For more information, visit


About the University of San Diego

The University of San Diego sets the standard for an engaged, contemporary Catholic university where innovative Changemakers confront humanity’s urgent challenges. With more than 8,000 students from 75 countries and 44 states, USD is the youngest independent institution on the U.S. News & World Report list of top 100 universities in the United States. USD’s eight academic divisions include the College of Arts and Sciences, the School of Business, the Shiley-Marcos School of Engineering, the School of Law, the School of Leadership and Education Sciences, the Hahn School of Nursing and Health Science, the Joan B. Kroc School of Peace Studies, and the Division of Professional and Continuing Education. USD recently concluded our successful $317M Leading Change: The Campaign for USD, which represented the most ambitious fundraising effort in the history of the university. In September 2016, USD introduced Envisioning 2024, a strategic plan that capitalizes on the university’s recent progress and aligns new strategic goals with current strengths to help shape a vision for the future as the university looks ahead to its 75th anniversary in the year 2024.