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The Michigan Ross Real Estate Fund provides graduate and undergraduate students a unique, hands-on opportunity to make direct investments in real estate projects through a student-run venture fund.
Participation in the fund offers invaluable real-world experience to accelerate student careers. It exposes students to the complex market of real estate private equity investing and the science and art of making sound and profitable investment decisions.
Through enrollment in a three-credit course, graduate and undergraduate students make investment decisions for real funds and steer the buy-sell decisions for real estate investments. They are guided by Michigan Ross faculty with extensive experience in the field. Students learn the challenges, excitement, and potential disappointment of investment decisions while improving their ability to make profitable investment decisions.
The fund makes direct financial investments in stable, cash-flow-positive commercial real estate properties in the U.S. The fund invests only as a minority, limited liability, equity partner. The fund will make two to three individual investments annually, in the amounts of $50,000-$150,000 each.
To learn more about participating, contact Mitchell Gormley.
The fund is managed by 35-40 MBA and BBA students, working in four distinct teams called “silos.” Each silo is led by a second-year MBA student, and its members choose their specific focus. The silos work closely with experienced mentors and alumni partners, giving students valuable networking opportunities as well as professional guidance.
In 2016, the fund made its first investment: The Chateau Nederland apartments in Nederland, Texas. The fund partnered with ROCO Real Estate in Bloomfield Hills, Mich., to invest in the project, a 178-unit apartment complex with a total purchase price of $7.9 million.
In 2017, the fund partnered again with ROCO Real Estate to invest in Knoxville Pointe, a 218-bed multifamily apartment community located in Dunlap, Illinois.
In 2018, the fund partnered with M Group and Coastal Ridge Real Estate to invest in The Flats at Douglas, a 504 unit garden-style apartment community in Toledo, Ohio.
In 2018, the fund partnered with Related Companies to invest in its first Michigan Equinox, an approximately 40,000 square foot fitness and lifestyle development located in Bloomfield Hills, Michigan.
Watch for details on future investments.
Members of the advisory board provide advice and guidance to the students, who make final decisions on investments.
CEO and Partner, Beztak
CEO and Partner, The Related Companies
Executive Vice President and Principal, Signature Associates
Vice President, Ceres Partners
Principal, Friedland Properties
Vice President, Silverstein Properties
Principal and Chief Financial Officer, Phillips Edison & Co.
Chief Investment Officer and Executive Vice President, Piedmont Office Realty (Retired)
CEO, RHP Properties
Business Consultant, Romanak Real Estate Investment Services
President and CEO, Rose Associates
Senior Managing Director, The Blackstone Group
Managing Partner, Capitol Seniors Housing
Chief Investment Officer, Digital Realty