Each graduating student concludes their academic program with a challenging, real-world market value scenario called the Capstone project.
This year, Advisory board member Rick Scarola and his company Covenant Capital Group supported this project. The project focused on the Covenant Apartment Fund. Students evaluated a few specific properties to provide an appraisal analysis and presented Mr. Scarola and the judges a buy-versus-hold analysis.
The judges heard from six different groups and selected a winning team. This year’s winning team consisted of Marshall McDonald, Seun Falade, JJ Sofarelli, Patrick Spook, and Michael Grandoff.
My Capstone experience:
JJ Sofarelli I felt that our team was successful because we approached this project very competitively, worked together as a team to make key assumptions, and consulted with multiple Advisory Board members for advice. Receiving feedback from Mr. Rick Scarola and MSRE graduate Brian Lott was incredibly insightful and reassuring. I know this experience helped prepare my transition from the academic world to the world of commercial real estate.