November 2018 Newsletter
  • Rotman Real Estate

November 2018 Newsletter



Announcing the 2018/2019 RREA Development Team!


We are thrilled to announce the 2018/2019 RREA Development Team! The D-Team are your first-year RREA representatives, and will be working closely with the rest of the RREA to ensure another successful year. Please join us in welcoming them to the team!

Alexis Minz

Ana Perez

Brian Liu

Marita Winslade

Palak Sehgal

If you would like to get involved with the RREA, please send us an email: realestate@rotman.utoronto.ca

On Your Radar


Michael Lee-Chin Join us as Michael Lee-Chin talks about his career progression in asset management, real estate, and the keys to success in both! For more information and to register click here.

Date: November 22nd, 2018 Time: 1:30 - 2:30pm

Location: Desautels Hall



Real Estate and Related Classes Outside of Rotman Did you know that as an MBA student you can take electives outside of Rotman? SGS class offerings for Rotman students (outside of faculty) are available for those interested in taking electives in architecture, planning, law, architecture, and more. Additionally, there are class offerings at Schulich for their infrastructure and real estate courses as part of the Ontario Visiting Graduate Student Exchange Program. For more information click below. - Taking Courses Outside of the MBA Program - Ontario Visiting Graduate Student Exchange Program



Daniels Faculty's 2018/19 Lecture Series: Home and Away The John H. Daniels Faculty of Architecture, Landscape, and Design is pleased to announce its 2018/2019 public lecture series: Home and Away. Engaging broad, timely topics — including the Anthropocene, smart cities, the political functions of art and architecture, and new equations of technology and craft — this year’s speaker series connects the wealth of expertise within the Daniels Faculty community with an international, multidisciplinary network of designers, scholars, artists, and curators. - Daniels Faculty 2018/2019 Lecture Series: Home and Away


Make sure to include Real Estate as an interest on your RCareer profile as many opportunities for jobs and internships are coming up without establishing an official job application. On occasion, candidates are notified directly by the Career Centre.

Real Estate Case Competitions


RREA Case Competition In partnership with a major Canadian institutional investor the Rotman Real Estate Case Competition challenges teams of 2-3 to come up with creative solutions to a local urban development problem. The details of the case will be shared at the kickoff event on November 23rd (tentative) with the case sponsor hopefully present and ready to answer any questions you may have. Presentations and judging will take place on December 2nd (tentative).

Teams will need to think both creatively and analytically. Judges will be looking for concepts that are unique and consider the site’s history as well as its future. Understanding of market conditions and trends in industry is an asset but no prior experience in real estate is required for this competition.

Please note that this competition is open to all students, so feel free to form teams with individuals who are not members of RREA.

Sign up with your teams here.

ULI Hines Since 2003, the ULI Hines Student Competition has challenged students to collaborate across disciplines and imagine a better built environment. Groups of five students form teams to devise a development program for a real site in a North American city, providing designs, market-based financial data, and related narratives.

This is an ideas competition; there is no expectation that any of the submitted schemes will be applied to the site. The winning team receives $50,000 and the finalist teams receive $10,000 each. One representative from each finalist team gets an all-expenses-paid site tour in the selected competition city prior to the final presentation. All participating finalist students attend the all-expenses-paid final presentation in the host city to select the winner of the competition.

The application period for 2019 ULI Hines Student Competition is now open. Please click here for more information. A brief schedule overview is below: - Team applications deadline: December 10, 2018 - General competition: January 14-28, 2019 - Finalist teams announced: February 2019, - Site visit by finalist teams: March, 2019 - Finalist teams presentation & winner announced: April 2019

For additional information, contact hinescompetition@uli.org

Developer's Den The Schulich School of Business runs Developers' Den every year during the winter. Students from top MBA schools take part in an intense two-part case competition where the best and brightest real estate students will showcase their skills and ideas before a panel of judges composed of industry leaders, investors, and executives. Details for the 2019 Developers' Den competition have yet to be finalized, however for more information please visit the Developers' Den website here.

Argus Case Comp Each year ARGUS offers a “University Challenge” with dozens of universities from all over the world participating. Teams of aspiring real estate professionals, sponsored by a participating professor, are challenged to present a paper with the best investment analysis and conclusion for a fictitious real estate opportunity. Cash prizes are given to the top four teams. The next University Challenge starts this Spring Semester.

Submit team member names and e-mail addresses on our University Challenge site here by January 25, 2019.

1st prize winner receives $15,000 and free admission to the 2019 Connect Conference, held April 29th-May 1st 2nd prize winner receives $6,000 3rd prize winner receives $3,000 Honorable mention winner receives $1000

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If you have any specific questions regarding real estate case competitions throughout the year, please send us an email: realestate@rotman.utoronto.ca

Industry Awareness


Some interesting articles for you to read. Feel free to submit anything you'd like included in industry awareness to us here!

The Case for Open Space: Why the Real Estate Industry Should Invest in Parks and Open Spaces Lakeview Village Masterplan Revealed for Mississauga Site 'Stackt' Shipping Container Market Taking Shape Near Fort York Highlights from the 2018 ULI Fall Meeting in Boston Getting Ahead of the Market: How Big Data is Transforming Real Estate

Industry Events


Check out some of the industry events below throughout the coming months!

ULI Symposium 2018: Toronto Urbanism

Join fellow urban professionals on an exploration of global leadership of Toronto's development frontiers. This day-long symposium will investigate the leading edges of North America's fastest growing metropolis, exposing the contemporary tensions and innovative approaches to building a global city region. Fueled on the great success of ULI Toronto's 2015 and 2017 Symposiums, our 2018 program features immersive tours of the complexities that define Toronto Urbanism. Tour details and registration here!

Students are also invited to attend the networking reception following the Symposium programming at Evergreen Brick Works free of charge. This is your chance to rub shoulders with some of the biggest names in real estate in an award-winning public space. Register for only the reception here. Date: November 7th, 2018

Location: Evergreen Brickworks, Toronto ON Dress: Business Casual


The Value of Improving Building Performance - Trends & Insights from ULI Leaders

Each year, real estate owners and developers strive to find new ways to reduce energy, water, and waste across their portfolios to achieve ambitious environmental and financial goals.

How do they do it? What trends are driving these savings forward? How much is it increasing their NOI? In this one-hour webinar, senior leaders from the ULI Greenprint Center for Building Performance will answer these questions.

This is a complimentary, ULI members-only webinar. It is open to nonmembers for $100, or available for free by becoming a member. You must register in order to receive a recording of this webinar. For more information, please contact toronto@uli.org Date: November 8th, 2018, 1:00pm - 2:00pm

Location: Online Website: ULI Events

WLI Presents: Stories From the Executive Suite

ULI’s Women’s Leadership Initiative (WLI) invites you to join a dynamic group of women as they share stories of their journey to the top, along with insight into the future of the C-Suite. You will hear first hand from some of the top women in the industry on what it takes to make it and advice on how to get there.ULI’s Women’s Leadership Initiative (WLI) invites you to join a dynamic group of women as they share stories of their journey to the top, along with insight into the future of the C-Suite. You will hear first hand from some of the top women in the industry on what it takes to make it and advice on how to get there.

For more information, please contact toronto@uli.org Date: November 12th, 2018, 4:30pm - 7:00pm

Location: Denton's, 5th Floor TD Centre, 77 King St. W Website: ULI Events

Vertical Neighbourhoods Summit

Southern Ontario is seeing an unprecedented boom in high-rise residential master planned developments, particularly in light of the numerous new master-planned developments emerging throughout GTA, including Waterfront Toronto, Vaughan Metropolitan Centre, CityPlace, and the Mirvish Village and Galleria Mall redevelopments. This relatively new development typology presents a number of unique challenges and opportunities:

  • Are we building communities with a high quality of life?

  • Can these developments support economic vitality?

  • How should we approach public realm or infrastructural investments?

  • How can we ensure the environmental performance of the developments through design and occupancy?

  • What new technologies or strategies should we be incorporating into these buildings and communities?

The Vertical Neighbourhoods Summit is an intensive, full-day conference to explore ways in which we can create high-performance, livable, sustainable, and resilient high-rise neighbourhoods - covering topics surrounding environmental sustainability, infrastructural innovations, and the social and economic vitality of these new communities.

Date: November 19th, 2018, 8:30am - 5:00pm

Location: Sidewalk Toronto, 307 Lake Shore Blvd E, Toronto

Website: CaGBC Vertical Neighbourhoods Summit


Understanding and Using Real Estate Cap Rates

Many real estate professionals regularly engage in conversation about real estate capitalization rates (“cap rates”). But how well do they understand where they come from, what they signify, and how they can be applied to understand real estate valuation across markets, over time and through the development process? Part of the difficulty is that the cap rate reflects so many different components of a real estate project’s valuation. It is, in effect, an “all in” index incorporating conditions in capital markets, investor perceptions of regional and sector differences, expectations on the stability or potential growth of cash flows, and projections about future market conditions. There is a lot of information in one number.

This webinar explores the multiple inputs that determine a cap rate and explains how a developer, investor, lender, or broker can apply that understanding to making better, more informed decisions in the real estate market. It also illustrates how to use the projected cap rate of a development project as a “hurdle” for determining the project’s economic viability for attracting capital investment.

Date: November 28th, 2018, 1:30pm - 3:30pm

Location: Online Website: ULI Events

RE for JD's


Each newsletter the RREA provides you with some legal resources for real estate from some of Toronto’s top law firms.

Mccarthy Tetrault : Top 10 Legal Tips Negotiating Real Estate Purchase Agreements

Osler: Construction Lien Act changes: A primer for real estate practitioners Those pursuing a JD/MBA with an interest in real estate should talk to Ryan Mckee (Ryan.McKee@Rotman.Utoronto.Ca) for more information.


Tall Wood Structures - A Mini Series 77 Wade Avenue


Developed by Next Property Group and designed by BNC Architects, 77 Wade Avenue is a prototype for hybrid timber and steel construction. Rising seven storeys tall and near Landsowne subway station, this mixed-use office development is part of Ontario's recent Mass Timber Program which is funding research in mass timber construction in Canada. The goal is to attract workers of the high-tech industry and use the appealing aspects of mass timber construction and the mixed-use characteristics of the development to make an 18 hour building; not a 9-5 building. The project is not yet approved, but raises the question as to how development economics will shift with changes in the Ontario Building Code.


Scholarship Opportunities


Toronto CREW - Deadline January 21st, 2019 There is a scholarship opportunity for women in real estate from Toronto CREW, a commercial real estate industry organization. Each year, Toronto CREW awards scholarships valued between $500 and $3000 to women enrolled in post-secondary education programs whose curriculums focus on professions found in the commercial real estate industry.

Students can visit this link to learn more about the scholarship and to apply online.

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Thank you to our sponsors.

The Rotman Real Estate Association would like to take the time to thank all of our generous sponsors who support us throughout the the 2019-2020 school year.

Platinum

Smart Centres

Gold

Acorn, Daniels

SIlver

CBRE· CRE

For information on how to get involved in sponsorship, please contact us to learn more.

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