Issue 15
Calgary Pitch Competition
Our first Calgary Pitch Competition was hosted in the beautiful space of The Ampersand, thanks to Aspen Properties. The space is absolutely breath-taking, making it the perfect stage for our first cohort of scholars. Our scholars showed up early to meet with their mentors and prep for the big pitch to our panel of judges. In addition to using the main lobby area for our Pitch Competition, we were also able to use the Conference Centre during our 8-week program.
Our judges for the 2024 Calgary Pitch Competition presented by Altus Group included:
- Lisa Miller, General Manager at ONE Properties
- Martin Lee, Manager of Financial Planning & Analysis at Canadian Urban Limited and Facilitator for our REET Institute Edmonton Cohort
- Sorab Gill, Vice President or Asset Management at Canadian Urban Limited and Facilitators for our REET Institute Edmonton Cohort
- David Shum, Managing Director at Cushman & Wakefield
- Morley Barr, Senior Vice President at Aspen Properties
We had three teams of scholars show up to present on their respective subject properties:
- Team Oxford Properties Group with scholars Zahir, Jolene, and Halle presented on BLVD Beltline
- Team BOMA Edmonton with scholars Bontu and Xavier presented on Shawnessy Station
- Team Ryan with scholars Mec, Gurmukh, and Jonah presented on The Bridge at Bridgeland
Each team of scholars showed up ready to convince the panel of judges that their subject property was the best investment. They were knowledgeable and creative with their presentations, incorporating videos in addition to their speaking points. They thoroughly demonstrated their knowledge of concepts such as the investment mandate, a real estate proforma, market rent and investment sale comparables, a capital stack, and more. They absolutely blew away everyone in the audience, including the judges, their mentors, family, friends, and industry professionals.
After having a lengthy discussion and tabulating each team's scores, the judges made their decision. The scores were incredibly close with only a 3-point difference between first and second place. You could hear an audible gasp in the audience when scores were read out loud. Each team did an incredible job, and we're all so proud of them.
1st Place: Team Ryan
⭐ Team Members: Mec, Gurmukh, Jonah
⭐ Mentors: Michelle Pink, CCIM, Scott Powell AMAA, MIMA, and Kyle Pasta
2nd Place: Team Oxford Properties Group
⭐ Team Members: Zahir, Jolene, and Halle
⭐ Mentors: Jace Jonsson
3rd Place: Team BOMA Calgary
⭐ Team Members: Bontu and Xavier
Thank you to Altus Group for sponsoring our $10,000 scholarship!
Royal Management Services Inc. (RMS) has been a cornerstone in the real estate development industry for over two decades. Locally owned and operated, RMS is a fully licensed and registered Real Estate Brokerage firm, specializing in asset and property management.
Founded in 1996 by Curtis Way, the RMS Group of Companies has significantly contributed to the asset/property management, real estate development, and construction of over 3 million square feet of multi-family, commercial, and industrial properties. Their extensive experience as developers, builders, and asset owners has provided RMS with unparalleled insights into managing multi-family assets, forming the foundation of their comprehensive property management program.
RMS's commitment to improving expectations and performance in the property management industry is evident in every project they manage. With a focus on long-term asset management strategies and solutions, RMS delivers exceptional results for their clients. Their mantra, "We Manage Like Owners," highlights their dedication to treating every property with the utmost care and attention.
Royal Management Services Inc. is proud to sponsor the REET Institute Scholarship, reflecting their commitment to fostering excellence and growth in the real estate industry.
Events in the Industry
- Edmonton CREW Future Leaders & Libations: April 24
- NAIOP Calgary Balzac Industrial Tour & Social: April 25
- NAIOP Edmonton Bricks & Banter: Real Estate Revelations: May 1
- BOMA Edmonton Industry Breakfast: EcoPilot Energy Saving Software Results and Lessons Learned: May 22
SOCIAL ACCOUNTS
CONTACT
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Edmonton, Alberta
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info@reetinstitute.ca
The REET Institute is a unique program designed to educate, train and equip high school students with adequate knowledge of commercial real estate. In this program, you are given eight (8) weeks access to structured learning, field exposure, a case competition with industry professionals and lots more!