Here’s to the real estate MBA Class of 2014 knowing much more about international real estate and global capital flow than we did before! The 2013 MIPIM trip was a whirlwind of meetings with diversely talented individuals, panel sessions about the real estate environment across the globe, debrief sessions with Dean François Ortalo-Magné, and the occasional yacht party. Overall, we were able to derive a comprehensive snapshot of the global real estate market in time, and better understand how macroeconomic events steer capital markets within the real estate industry.
Key MIPIM 2013 Themes:
1. An unprecedented and growing yield gap between core and perceived non-core assets
2. Institutional investors are seeking managerial control through direct investments
3. Employers desire real estate experts instead of merely financial engineers
4. Participants are largely bullish towards Asia & America, and cautious towards Europe
Our special thanks to company representatives during the trip who lent their time for the advancement of our students: Deustche Bank, Park Hill Group, BNP Paribas, Lazard Freres, Real Capital Analytics, IPD, Atlantic Partners, DTZ-UGL, USAA Real Estate Company, Heitman, DLA Piper, Metzler, DREA(m) LLC, Amstar, Bjarke Ingels Group, and all others involved with us during our time there.
One final thank you to the Graaskamp Center for Real Estate, for without it we would not have been able to partake in this wonderful experience. I’m left with one lingering thought: how can I convince the organizers of the need for a 2nd year MBA consultant on next year’s trip!
Real estate MBA students and faculty pictured with Dean Ortalo-Magné and Rose-Noëlle Pritchard, Conference Manager for Reed MIDEM