University of San Diego School of Business Master of Science in Real Estate Team Takes Second Place in ARGUS University Challenge

SAN DIEGO, April 12, 2018—The Burnham-Moores Center for Real Estate (BMC) within the University of San Diego (USD) School of Business announced this week that a team of Master of Science in Real Estate(MSRE) students from the University of San Diego School of Business was awarded second place in the 2018 ARGUS University Challenge. Cornell University took first place.

The 2018 USD team included: Christian Holbrook ’18 MSRE, Seth Kamphoefner ’18 MSRE, Rachel Kreamer ’18 MSRE, Derek Martin ’18 MSRE and David Neinchel ’19 MSRE, and was led by faculty advisor Charles Tu, the Daniel F. Mulvihill Professor of Commercial Real Estate.

"The ARGUS University Challenge provides students an opportunity to integrate the knowledge and skills they have acquired in various courses in the MSRE program,” says Tu. “Our program’s continuing success in this competition is the result of students’ strong analytical skills, as well as strategic thinking and problem-solving abilities."

The USD team defeated more than 40 schools from around the world, including the University of Chicago, New York University, Johns Hopkins, UCLA and USC. USD’s MSRE teams have a long-standing history of success in the ARGUS University Challenge, taking first place on six occasions and second place on three occasions.

This highly competitive real estate challenge required each student team to run a comprehensive investment analysis on a commercial real estate case. The USD team approached the case study holistically. They completed in-depth market research, utilized all features of ARGUS Enterprise, including modeling sensitivity scenarios stressing inflation rates and rental income, and also explored alternative solutions that were not provided in the case.

“Participating in the ARGUS University Challenge allowed us to take advantage of everything we learned in the MSRE program,” says Kreamer. “It strengthened and solidified our knowledge and skills and this experience is one we will take with us after the program and into our careers. Being chosen to compete against some of the best business schools in the world and represent the USD School of Business and the Burnham-Moores Center was an incredible honor.”

panel of judges reviewed the case submissions, determined the 2018 winners (case submissions of each team are hyperlinked below) and awarded $22,000 in cash prizes to the winning teams:
First place: Cornell University
Second place: University of San Diego
Third place: University of Chicago
Honorable mention: Auburn University.

Join USD’s winning ARGUS team and apply now to the Master of Science of Real Estate program at the University of San Diego School of Business. Contact (619) 260-2256 or email for more information.

About USD School of Business Burnham-Moores Center for Real Estate 
As a Center of Excellence within the University of San Diego’s School of Business, the Burnham-Moores Center for Real Estate seeks to significantly increase scholarship support for students as well as recruitment and retention support for renowned faculty. In doing so, we will attract, educate and graduate outstanding students. These actions, combined with strong collaboration with the real estate industry, will accelerate our reputation for comprehensive excellence by providing one of the best academic and applied real estate programs in the country. Visit our website for more information. Follow us on Twitter @USDBMC.

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.


Kimberly Malasky
(619) 260-4786