Rocky Mountain Real Estate Challenge

The Rocky Mountain Real Estate Challenge (RMREC) is a real-world development competition between graduate level real estate programs at the Daniels College of Business at the University of Denver and the Leeds School of Business at the University of Colorado Boulder. Finalist teams compete for scholarships, future employment, and ultimately the NAIOP Cup! A panel of highly respected judges make the ultimate call on which development plan is the best for the site. The competition, hosted by NAIOP, culminates at the main event, providing one of the best networking opportunities in the industry. Over 600 real estate professionals attend, including developers, attorneys, lenders, architects, brokers, engineers, contractors and public officials.

January 5, 2022

DENVER, COLO.Land Title Guarantee Company and NAIOP Colorado (the Commercial Real Estate Development Association), are thrilled to announce that Peak Innovation Park, collectively sponsored by Urban Frontier, the Colorado Springs Airport and Flywheel Capital, will be the development site for the 20th Anniversary of the Rocky Mountain Real Estate Challenge (the Challenge) to be held on May 3, 2022.

The Challenge is the premier real estate competition that pairs graduate-level students from the University of Colorado and the University of Denver with industry leaders in the Colorado real estate community to evaluate development opportunities. The focus of the 2022 competition is a 25-acre parcel within Peak Innovation Park, a 900-acre master development at the Colorado Springs Airport, located in southeast Colorado Springs, Colorado. As the largest master planned development in Colorado Springs, Peak Innovation Park will cater to office, industrial, retail, entertainment, recreation, and hospitality uses in a city with some of the most sought-after zip codes to buy a home in the country.

“The NAIOP Real Estate Challenge will highlight the development in southeast Colorado Springs by the Colorado Springs Airport and our business park, Peak Innovation Park,” said Troy Stover, Assistant Director of Aviation Business and Administration. “The Colorado Springs Airport and Urban Frontier have worked diligently to ensure Peak Innovation Park remains on the forefront of growth for our city. Because of that, we are honored to sponsor this competition.”

Located at the entrance to the Colorado Springs Airport, Peak Innovation Park is situated 6.5 miles southeast of downtown Colorado Springs and 3.5 miles east of Interstate 25.

“With almost 90% of jobs lost during COVID already recovered and an average 1.17% population growth, above the national average of 0.5%, Colorado Springs is beginning to catch the attention of outside investors,” said Garrett Baum, Managing Director of Urban Frontier LLC, the master developer working with the Colorado Springs Airport to develop Peak Innovation Park. “Our comprehensive project team believes that sponsoring the NAIOP Real Estate Challenge, in support of the participating university students and programs, will greatly assist in gaining significant visibility to this area and the creation of development plans that are driven by both our vision and market dynamics.”

In January 2022, student teams will begin a four-month period of working with industry professionals and project sponsor representatives to analyze every aspect of the site. The student teams are tasked with presenting a feasible, integrated development plan that promotes the best and most sustainable use of the site, while creating a place where visitors and residents can work, play, and have an abundance of dining and entertainment options. The student teams compete against one another for scholarships and the NAIOP Cup, which is awarded to the winning school each year.

“For the tenth year in a row, we are thrilled to again be the major presenting sponsor for the 20th Anniversary of the Rocky Mountain Real Estate Challenge. The uniqueness of this event is that it marries students with industry leaders against a real-world backdrop to both challenge, educate and inspire everyone involved," said John E. Freyer, Jr., President of Land Title Guarantee Company. “Further, it is exciting to have the Challenge focus on an area of Colorado, as it has in years past, that provides ample opportunity for both problem solving and delivering solutions within local communities. We are happy to see a light continue to shine on Colorado Springs as a top place to work, live and prosper."

‘The Challenge’ culminates with the largest real estate event in Colorado on May 3, 2022, where student finalists present their recommendations to the Project Sponsor Team and an audience of real estate professionals. The 2022 final competition will be held at the Sheraton Denver Downtown Hotel. More details regarding ticket sales for the event will be announced in February via NAIOP.

“We are very excited about the opportunity to highlight Colorado Springs for the 20th Anniversary of the Rocky Mountain Real Estate Challenge,” said Luke Cannon, chairman of the 2022 NAIOP organizing committee. “This will be the first competition site located in the Springs which poses new challenges and opportunities for our student competitors to work through. It’s an energetic market with strong job growth making it one of the most desirable places to live in the country and I believe we may highlight more development sites here in the future.”

Read More about the 2022 NAIOP RMREC Stakeholders and Sponsors.



presented by LAND TITLE 
Tuesday, May 3, 2022 • 5:00 PM - 8:00 PM MDT
Sheraton Denver Downtown Hotel · 1550 Court Place, Denver


Early bird ticket sales open in February 2022, watch this website for more information or sign up as a Sponsor to secure your tickets NOW.


Interested in participating as a Sponsor for the 2022 Challenge? As a sponsor, you will have a valuable presence within our hybrid program to meet with event attendees, showcase products and services and promote your brand. For more details: Contact Jayma File at NAIOP by phone at (303) 782-0155 or Email 



About the Rocky Mountain Real Estate Challenge

The Rocky Mountain Real Estate Challenge (RMREC) is an annual event designed to serve as a learning tool for students of the University of Colorado and University of Denver’s graduate real estate programs and local business community to interface, while assisting the Project Sponsor with development options for the specific property.

A property is selected in the region that will serve as the competition site that is under control of the Project Sponsor. Each school forms multiple student teams who are enrolled in the real estate development classes in each real estate program.  Each team is charged with creating a vision for the property conducting  market research on uses for the property, working with a local architectural firm (secured to participate by NAIOP) to assist them in the project’s design, refinement of the vision the respect with respect to the zoning and entitlements carried by the property. The finalists from each school are judged by a group of seasoned real estate professionals the day of the event. A traveling trophy is awarded to the winning team.



Challenge History



Schools Competing

Winning School

Winning Architectural Resource


Dowd Junction; 
Town of Minturn, Colorado

University of Colorado

University of Denver

University of Colorado
Marigold Partners - Meadow Station
Paula Chavarria
Erika Vette
Kyle Clinton
Joe Plastino
Simon Egerton
Jesus Banuelos Rivera

STUDIO Architecture

Denver International Airport (DEN)
61st Ave. and Peña Blvd. Site

University of Colorado

University of Denver

University of Denver
Bow Development - Conflux at 61st & Peña
William Beuerlein
Keenan Black
David Copperman
Erin Everett
William Lam
Alex Welsh
OZ Architecture
2019 The Denver Shops;
Conscience Bay Company

University of Colorado

University of Denver

University of Denver
Helix Partners - CRUX
Jenny Aragon
Owin Orr
Nicholas Allen
Derek Porterfield
Cody Bell
Karina Rush
Humphries Poli
2018 3800 Xanthia Street; RK Site

University of Colorado

University of Denver

University of Denver
Odyssey Development Group - Strommen
Adam Graham
Casey Fanganello
Tim Flynn
Ari Steinberg
Demetra Kapuranis
Ross Hardin
Chase Seigel

OZ Architecture
2017  TERMINAL at 51st

University of Colorado

University of Denver

University of Colorado
BRAND Partners - Coalesce
Chris Antonov
Katie Bloudoff-Indelicato
Joseph Donadio
Daniel Nichols
Juan Nino
Connor Richardson
James Roy II
 2016 Westminster Station
City of  Westminster

University of Colorado

University of Denver

University of Denver
Colorado Contemporary - The Mosaic
Kiki Boone
Jamie Iuliano
Scott McDonald
Greg Mikulecky
Martha O'Connell
Katie Wear
 KTGY Architecture & Planning
 2015 Midtown Industrial Center, 
Westfield Development Co. 

University of Colorado

University of Denver

University of Denver
Visionary Partners - The RiNo Link
Adelicia Colmenero
Rebecca Wiener
Erik Husted
Jerad Larkin
Matthew Verson
Tyler Duman
Adam Moore
Joe Larkin
 2014 Town of Parker, 
Mainstreet Site

University of Colorado

University of Denver

University of Denver
Perry Bacalis
Beau Breck
Stephen Hawkins
Paul Moore
Brad Vander Vliet
Sean Wiseman
 2013 Boulder Civic Area,
A City of Boulder Project

University of Colorado

University of Denver

University of Colorado
Andrew Browning
Jason Elliott
Cody Kirkpatrick
Dan Konecny
Nathan Stern
Andrea Woodhams