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Case | HBS Case Collection | February 2013 (Revised June 2017)

Project Sun Devil and Project Paris

by Nori Gerardo Lietz

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Abstract

Tony Lee is preparing to present a project to the investment committee of Howard Street Capital. He will be recommending an investment in Project Sun Devil, a high-quality 225-unit student housing rental property near Tempe, Arizona. Tony Lee will compete for capital against the other project on the investment committee's agenda, Project Paris. Project Paris, a very different type of real estate transaction, is a hybrid mezzanine investment in the acquisition of a residential real estate services firm headquartered in France. The case provides an overview of the two projects.

Keywords: general management; financial analysis; return on assets; accounting; performance measurement; Financial ratios; return on equity; financial statements; Profitability analysis; Portfolio Investment; portfolio management; real estate; Property; Investment Portfolio; Investment Return; Real Estate Industry; United States;

Language: English Format: Print 24 pages EducatorsPurchase

Citation:

Lietz, Nori Gerardo. "Project Sun Devil and Project Paris." Harvard Business School Case 213-078, February 2013. (Revised June 2017.)

Related Work

  1. Case | HBS Case Collection | February 2013 (Revised June 2017)

    Project Sun Devil and Project Paris

    Nori Gerardo Lietz

    Tony Lee is preparing to present a project to the investment committee of Howard Street Capital. He will be recommending an investment in Project Sun Devil, a high-quality 225-unit student housing rental property near Tempe, Arizona. Tony Lee will compete for capital against the other project on the investment committee's agenda, Project Paris. Project Paris, a very different type of real estate transaction, is a hybrid mezzanine investment in the acquisition of a residential real estate services firm headquartered in France. The case provides an overview of the two projects.

    Keywords: general management; financial analysis; return on assets; accounting; performance measurement; Financial ratios; return on equity; financial statements; Profitability analysis; Portfolio Investment; portfolio management; real estate; Property; Investment Portfolio; Investment Return; Real Estate Industry; United States;

    Citation:

    Lietz, Nori Gerardo. "Project Sun Devil and Project Paris." Harvard Business School Case 213-078, February 2013. (Revised June 2017.)  View Details
    CiteView DetailsEducatorsPurchase Related
  2. Teaching Note | HBS Case Collection | June 2017

    Project Sun Devil and Project Paris

    Nori Gerardo Lietz and Alexander W. Schultz

    Tony Lee is preparing to present a project to the investment committee of Howard Street Capital. He will be recommending an investment in Project Sun Devil, a high-quality 225-unit student housing rental property near Tempe, Arizona. Tony Lee will compete for capital against the other project on the investment committee's agenda, Project Paris. Project Paris, a very different type of real estate transaction, is a hybrid mezzanine investment in the acquisition of a residential real estate services firm headquartered in France. The case provides an overview of the two projects. Teaching Note for HBS No. 213-078.

    Keywords: general management; financial analysis; return on assets; accounting; performance measurement; Financial ratios; return on equity; financial statements; Profitability analysis; Portfolio Investment; portfolio management; real estate; Property; Investment Portfolio; Investment Return; Analysis; Real Estate Industry; United States;

    Citation:

    Lietz, Nori Gerardo, and Alexander W. Schultz. "Project Sun Devil and Project Paris." Harvard Business School Teaching Note 217-086, June 2017.  View Details
    CiteView DetailsPurchase Related

About the Author

Photo
Nori Gerardo Lietz
Senior Lecturer of Business Administration
Finance
Entrepreneurial Management

View Profile »
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More from the Author

  • Case | HBS Case Collection | October 2019

    Toys "R" Us: Come Buy My Toys

    Nori Gerardo Lietz, Erica Segall, Alejandro Botto and Terrence Shu

    Keywords: private equity; retail; finance; Leveraged Buyout; leverage; leveraged buyouts; bankruptcy;

    Citation:

    Lietz, Nori Gerardo, Erica Segall, Alejandro Botto, and Terrence Shu. Toys "R" Us: Come Buy My Toys. Harvard Business School Case 220-023, October 2019.  View Details
    CiteView DetailsEducators Related
  • Supplement | HBS Case Collection | August 2019

    Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio

    Nori Gerardo Lietz and Ricardo Andrade

    Citation:

    Lietz, Nori Gerardo, and Ricardo Andrade. "Project Deutschland: Unpeeling the Onion of a Distressed Real Estate Portfolio." Harvard Business School PowerPoint Supplement 220-701, August 2019.  View Details
    CiteView DetailsPurchase Related
  • Teaching Note | HBS Case Collection | August 2019

    Roadmap to Solving the Project Deutschland Case

    Nori Gerardo Lietz

    Teaching Note for HBS No. 216-055.

    Citation:

    Lietz, Nori Gerardo. "Roadmap to Solving the Project Deutschland Case." Harvard Business School Teaching Note 220-012, August 2019.  View Details
    CiteView DetailsPurchase Related
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