Building off our activation with a brilliant crew of Notre Dame MBA candidates in the Fall of 2019, we look forward to continuing the work with a new group of MBA candidates. As Next Gen looks to acquire, develop, and operate physical Community Centers, we are looking to build our business framework, including the following items:

• Franchise Model. Developing an interest-aligned investor model where Next Gen licenses its brand and provides operating support for a private investor to own a Community Center. Reference organizations: Hyatt, ING, Chik-Fil-A.
• Operating Model. Creating an interest-aligned management model where Next Gen operates a space - including leasing, tenant management, and maintenance - in a risk-limited manner. There has been tremendous disruption in the Operating space within the last 10 years. Reference organizations: Convene, Common, Tribe.
• Management Technology. Building a suite of management tools that will aid in providing an elevated management experience for both tenants and investors. Reference startup: Latch.
• Corporate Development. Assessing the potential for joint-ventures or acquisitions within our target category that support our corporate Real Estate goals.

These four buckets will, together, contribute to our vision of developing and operating a residential/commercial community center for entrepreneurs.

HOST VENUE ADDRESS

• Convene (9th Floor), 530 5th Avenue (b/w 44th and 45th Streets), New York, NY 10016

REQUIRED PREREQUISITES

• No mandatory prerequisites.
• A general knowledge of real estate financing, development, and operation would be helpful.

LEARNING OBJECTIVES

• Students will play an integral role in the formation of new, category-defining business line through the creation of entrepreneurial community centers.
• Students will learn the ins-and-outs of the real estate market, familiarizing themselves with industry leaders and comparable organizations.
• Students will walk away feeling knowledgable about the property development and operation processes, aware of how companies like WeWork grow/operate.