Borghese-Chalfin 2024 Top Real Estate Deal Competition

Competition Rules

1. ELIGIBILITY TO APPLY

 

The Borghese-Chalfin 2024 Top Real Estate Deal Competition is open to students who currently are or were matriculated on a full-time basis in the Wharton MBA or Executive MBA Programs at any time beginning January 1, 2020.

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   2. APPLICATION PROCEDURE

 

Each participant must submit:

(a) a three-page deal summary,

(b) a Powerpoint presentation, submitted as a .pptx file, describing the proposed transaction,

(c) a financial model of the proposed transaction including expected investor returns assuming a five-year hold, and

(d) a summary of the experience and qualification of the participant(s) including the contact information for the deal lead and the year they matriculated as a student at Wharton.

The proposed transaction must be an actual real estate investment opportunity that is available for acquisition during the competition period and requires at least $500,000.00 but not more than $5,000,000.00 in equity capital. To enter the competition, participants must email their submission materials to Robert J. Borghese at rjb@borgheselaw.com and to Robert Chalfin at bob@chalfin.com no later than 5:00 P.M. April 15, 2024.

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   3. EVALUATION CRITERIA

 

Submissions will be evaluated from an investor perspective based on the most attractive opportunity for the investor, but the feasibility of the deal, the risk and return profile, the experience of the management team, and the clarity, brevity, and persuasiveness of the supporting materials - as well any subsequent oral presentations that may be requested by the judges - will be the basis for determining a winner. While not dispositive, we prefer practical, actionable and profitable over creative, innovative or visionary; residential or mixed-use over commercial or industrial; Class C+ and B over Class A; and value-add rehab over ground-up construction.

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   4. PRIZE

 

The judges may select one participant as the winner of the competition and the determination of the winner by the judges will be final. A $10,000.00 prize will be paid to the winner of the competition. Tax information, 2

 

including tax identification number will be required from the winner prior to disbursement of the cash prize. Cash prizes are considered taxable income under federal law.

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   5. FUNDING OF PROJECTS

 

Judges may, at their own discretion, decide to fund none, any, or all the deals submitted in the competition.

CHECKLIST OF MATERIALS REQUIRED FOR A COMPLETE SUBMISSION AS SPECIFIED ABOVE:

[ ] Three-page deal summary (2a.)

[ ] Powerpoint presentation (2b.)

[ ] Financial model of the deal (2c.)

[ ] Summary of experience and qualifications of the participant(s) (2d)

The judges reserve the right to add to, delete from or modify competition rules at any time and from time to time at their sole and absolute discretion.

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Robert Borghese January 15, 2024

Robert Chalfin January 15, 2024