Mark Singerman Singerman says practical experience is a powerful teacher.

PHOENIX—Three teams of graduating students from Arizona State University’s W. P. Carey School of Business masters of real estate development program will compete for up to $6,000 in prizes at the third annual REIAC/Rockefeller Group Challenge on May 4 at The Sanctuary in Paradise Valley, AZ. Each team will have 10 minutes to present a development solution for a storied piece of Arizona commercial real estate, followed by questions from the audience. Audience members will vote to choose the winning team, awarding each team member a $1,000 cash prize, up to $6,000.

“This challenge allows the students to showcase their talents for an audience containing some of the most influential commercial real estate development and investment professionals in the Valley,” said Mark Singerman, president of REIAC’s Southwest Chapter and vice president, regional director-Arizona for The Rockefeller Group, the event’s title sponsor. “Not only is it an incredible opportunity for these students to apply their intellectual knowledge to a real-world scenario, but the chance to network with a room full of industry leaders of this caliber is invaluable. It’s been an honor for REIAC and The Rockefeller Group to partner with the W.P. Carey School of Business MRED program on this event for the third year.”

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