Crowdfunding in Real Estate: from Colombia to the US
Last week the Harvard Business School (HBS) hosted their Annual Real Estate Summit with the most Prominent Harvard alumni from the real estate industry. Participants at the event included, Nitin Nohria, Dean of HBS; Ratan Tata, Chairman Emeritus, Tata Companies of India; Michael Spence, Nobel Laureate; Lawrence A. Summers, President Emeritus of Harvard University; Barney Frank, Former US Congressman; and Prodigy Network’s Founder and CEO, Rodrigo Niño. In addition to Niño’s contribution as a guest speaker, part of the summit’s program focused specifically on Prodigy Network and examined the company’s innovative investment model and its impact on the commercial real estate industry. In his talk, “The Crowd as an Innovation Partner: Lessons from NASA, Harvard Medical School and Beyond, ” Niño presented with Karim Lakhani, a Professor of Business Administration at HBS and Director of NASA Tournament Lab, powerful examples of how advances in technology have allowed for the collective participation of the crowd to act as a catalyst for innovation.
As the leader in crowdfudunding in real estate, Niño explained the underlying structure of Prodigy Network’s investment model and how it can democratize today’s real estate market. To open his talk, Niño began by describing the present day real estate market and the historic conditions that lead to its current landscape. Niño explained, “In dollars, the real estate industry is currently valued at $15 trillion, and of that $15 trillion, less than five percent is handled by REITS – the rest is operated by large privately owned institutions”. He also went into detail about how the long-dated regulations imposed by the Securities Act of 1933, which were purportedly supposed to protect the public from fraudulent investment schemes, actually prevented the public from having access to commercial real estate altogether. By precluding smaller investors from large-scale commercial real estate investments for the past 80 years, the public has been unable to invest in the stability and historically high returns offered by large-scale commercial real estate.
“Crowdfunding provides the public with the opportunity to invest in solutions that solve their communities’ needs for a profit.”
Source: en.prodigynetwork.com
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The Great Jackass Fallacy (Harvard Business School Publications)
Book (Harvard University Press)
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$170,000 for starting MBAs? NO WAY!
by CrashandBurnHow can Bloomberg news and MBA schools LIE THROUGH THEIR TEETH? The economy is definitely weak, rates are going up, energy prices are high, and we are definitely heading towards a RECESSION! This article is such a load of crap. Real estate is going down!!
Harvard MBAs' Salaries Rise as Goldman Boosts Hiring (Update1)
2005-11-07 13:27 (New York)
By Patrick Cole and Brian K. Sullivan
Nov. 7 (Bloomberg) -- The compensation of recent business
school graduates from Harvard, Dartmouth and Stanford rose at
least 9.5 percent from a year earlier, fueled by increased hiring
at investment banks and consulting firms
Regarding investing in apartment complexes
by thedingoatemybabyThere's a good series of b-school case studies about real estate investing that were published as Harvard Business School cases, and which you can purchase online (from memory the website address is something like hbsonline.com though don't hold me to that) for nominal one-time usage fees. (The last time I did this was a few years back and at the time, again from memory, the fees were in the range of $12 - 18 or so per case).
If you go through the case studies they will give you a format to use in evaluating the investment viability of a specific real estate investment project. You can set the proposed investment up on Excel and go through the modeling and get a pretty good idea as to what might work and what would not
Where did O get the money part 2
by Dirty_Old_BastardAfter Columbia, he went to Chicago to work
as a
Community Organizer for $12,000. a year. Why Chicago? Why not New York?
He was
already living in New York.
By 'chance' he met Antoin 'Tony' Rezko, born in Aleppo Syria, and a real
estate developer in Chicago. Rezko has been convicted of fraud and bribery
this
year. Rezko, was named 'Entrepreneur of the Decade' by the Arab-American
Business and Professional Association'. About two years later, Obama
entered
Harvard Law School
To answer your question . . .
by thedingoatemybabyI'm only a semi-regular here myself, and don't really have the time to pay much by way of attention to the reputational issues of who posts here regularly and who doesn't.
If I remember correctly, this particular case struck me as being especially useful among the half dozen or so I downloaded from the Harvard Business School case studies website.
If you just go to the site address and type in search terms like "real estate" you'll see all the case studies they have available for sale.
You can then further modify the search terms if you wish to be more constrained, like "real estate investment" or "real estate finance" and so on.
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