ATLANTA, GA 16 March, 2015 -- CoreNet Global, the world’s leading professional association for corporate real estate executives, has announced an academic challenge for graduate and undergraduate college students around the world.
CoreNet Global’s Academic Challenge is an opportunity for students from all academic disciplines to tackle key issues facing the corporate real estate profession, and perhaps more importantly, the challenges facing today’s corporate enterprise.
The winner(s) will receive $10,000 for their team and $10,000 for their academic institution.
“We are looking for the next generation of ideas,” said Angela Cain, CEO of CoreNet Global. “At the same time we want graduate and undergraduate students to understand that corporate real estate is a profession unto itself, and a valid career path.”
Corporate real estate, the real property used by a company for its own operations, involves all classes of property, land and buildings including office facilities, data centers, manufacturing facilities, logistic centers, corporate headquarters, distribution facilities, retail stores and hotels.
Corporate real estate executives, who may manage millions of dollars in real estate assets around the world, face challenges including site location, logistics, the workplace, and technology.
To overcome those challenges they must work with and among virtually every corporate function, including finance, human resources and information technology. As the function has become more strategically important, salaries for corporate real estate executives have been consistently rising, according to CoreNet Global’s annual compensation survey.
Because corporate real estate as a discipline is so extensive, CoreNet Global is actively encouraging students of all disciplines, not just those within real estate, to participate.
Teams of students (up to 5 from the same institution) and individuals are challenged to develop a new strategy for management of the entire real estate portfolio that provides the enterprise with all necessary space and addresses resource fluidity as requested by the CEO.
The entry period is open and submissions are due July 31, 2015. Click here for more information and entry details. Students are expected to complete their projects within 30 or 60 days but considering disparate University schedules around the world, the submission period was set to 5 months from the announcement of the challenge.
About CoreNet Global
CoreNet Global is the world’s leading professional association for corporate real estate (CRE) executives with strategic responsibility for the real property used by multinational corporations for their own operations. CoreNet Global’s more than 9,500 members, who include 70% of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information, please visit www.corenetglobal.org.