Stanley E. Hunt Case Series | Center for Real Estate Studies

History and overview

Since 2008, the Stanley E. Hunt Case Series—established in honor of the real estate developer—has provided Kelley School students with highly valuable real-world learning in real estate development.

Each semester, the real estate appraisal and development course features a case study designed for the Stanley E. Hunt Case Series. Students work in groups to propose development plans for the site featured in the case study, and at the end of the semester, the student groups vote to have the best overall presentations win cash awards. As part of the case study curriculum, professionals from the community who have experience with the selected case study site speak to the class.

The creation of the case studies is overseen by Douglas McCoy, JD, Director of the Center for Real Estate Studies, Al and Shary Oak Director of Real Estate, and teaching professor, and written by Dave Harstad, lecturer in real estate. The case study series is funded through an endowment with a lead gift provided by Steven D. Hardin, partner at Faegre Drinker Biddle & Reath LLP in Indianapolis, and his wife, Judy Hardin, with the following individuals contributing:

Alex D. Oak, Chairman & CEO, Cripe Charitable Foundation
Nancy Hunt
Allen Rosenberg, President, The Marina Limited Partnership
Hayes O'Brien
Dick Richwine, Principal, The Richwine Real Estate Group

Stanley E. Hunt Real Estate Development Case Fall 2025

The Stanley E. Hunt Real Estate Development Case Competition, held at the Kelley School of Business on the Bloomington campus on December 9, served as an excellent platform for aspiring real estate professionals to showcase their skills and innovative thinking. Four teams, selected from 45 students in the major-required Real Estate Development and Appraisal class, were chosen to present their development plans and compete in the final competition.

The competition centered around a .18 acre case site comprising three parcels owned by the City of Bloomington, located at 115 E. Fourth Street. Students undertook the challenge of conducting comprehensive feasibility analyses to determine the highest and best use of the property, culminating in proposals that included well-researched opinions of market value for the land and detailed development plans.

First place team: Russell Braver, Ethan Hoffman, Seth Lendzion, and Julia Mody took home the $1,000 first prize with their proposal for a mixed-use development integrating a ground-floor bank branch with a three-story, 81-unit multifamily community above.

Second place team: Caden Ambrose, Ethan Chernow, Charlie Montalto, and Ben Whiteman received the $750 second prize. Their proposal included a five-story, mixed-use, 112-unit multifamily and retail development.

Third place team: Blake Burns, Stuart Reimers, Jack Steel, and Daniel Robinson received $300 for their plan to develop a four-story, 90-unit student housing building with a first-floor, restaurant-focused retail space.

Fourth place team: Sidak Ghoman, Julia Martin Larruy, John Svoboda, and Ben Zaczek received $200 for their 207-key Moxy hotel with an activated ground floor.

Stanley E. Hunt Case Study 2026

Site TBD. More details to follow.

The 2026 case will culminate in a case competition held during the spring semester. The winning team will receive $1,000 in prize money, with second place receiving $750, and third place receiving $500. The first place team members will also have their names inscribed on a plaque honoring Stanley Hunt that will be displayed in the finance department in the Kelley School of Business.

Members of winning team working on presentation before Stanley E. Hunt Case Competition

History and overview

Stanley E. Hunt Real Estate Development Case Fall 2025

Stanley E. Hunt Case Study 2026

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