Ari M. Shalam

Ari M. Shalam
  • Lecturer of Real Estate

Contact Information

  • office Address:

    Dinan Hall, 4th Floor
    3733 Spruce Street
    Philadelphia, PA 19104-6301

Overview

Ari Shalam is a lecturer in Real Estate Entrepreneurship at Wharton, winning teaching excellence awards every year in that role. He is also the founder and current Managing Partner of RWN Real Estate Partners LLC, a NYC based real estate private equity platform. RWN targets direct and controlled, middle market joint venture investment opportunities across most property types. RWN has transacted in multiple markets across the US including New York City, Florida, Texas, North Carolina, Pennsylvania, New Jersey, and Puerto Rico.

From 2009 to 2011, Ari was the President of Enterprise Asset Management, Inc., a real estate centric multi-family office, and from 2003 to 2009, he was a Senior Partner and Director of Acquisitions of Taconic Investment Partners, a fully integrated real estate investment and development company focused on New York City. Previously, he was the Director of Acquisitions for the Kaufman Organization. Throughout his real estate career, Ari has led nearly $3 billion in real estate investments.

Ari is the former chairman of the board of the directors of Voxx International Corporation (NASDAQ: VOXX) through its recent sale, and a former advisory board member of the Penn Institute of Urban Research and the board of the Good+ Foundation. He also served as a trustee of the Trinity School in New York City for six years.

Ari received his BS in Economics from the Wharton School of the University of Pennsylvania cum laude, and his MBA from the Harvard Business School. He resides in New York City.

Continue Reading

Teaching

REAL 3960/8910 – Real Estate Entrepreneurship

This half-semester course focuses on entrepreneurial aspects of the real estate investment business. The course structure is designed to track the life cycle of real estate investing, with different units focusing on discrete stages of the deal process from sourcing and capital raising to asset management and property disposition. At each juncture, granular attention is be paid to real-life deal making skills, all from the perspective of an entrepreneur operating with limited resources in different economic environments.  As part of the class, you will analyze detailed steps in the deal process, mathematical concepts, financial models, and investment documentation that, once assembled, will arm you with a “deal tool kit” that you can retain and reference as you engage in real estate transactions throughout your career. At the end of the course, time will be allocated to discuss the trajectory of real estate entrepreneurship and how it might correspond to your career in the business as you get started.

Interested students are cautioned that the class is not a survey course. The class delves deeply into the details of the real estate deal making process with cases and assignments tasking students to learn important yet challenging mathematical and legal concepts key to the business.

 

Awards and Honors

  • Wharton Teaching Excellence Award, 2024-2025
  • Wharton Teaching Excellence Award, 2023-2024
  • Wharton Teaching Excellence Award, 2022-2023
  • Wharton Teaching Excellence Award, 2021-2022
  • Wharton Teaching Excellence Award, 2020-2021

Knowledge at Wharton

How Companies Are Adapting to the Generative AI Revolution

Wharton marketing professor explores how organizations are adopting generative AI and the evolving effects on workforce roles and business performance.…Read More

Knowledge @ Wharton - 11/5/2025
Early NBA Trends With Dean Oliver

ESPN sports analyst discusses how emerging stars and advanced analytics are reshaping the NBA’s early season storylines.…Read More

Knowledge @ Wharton - 11/5/2025
What We Know About AI Fighting Corruption | Philip Nichols

Professor Philip Nichols talks about how AI might be used to fight corruption.…Read More

Knowledge @ Wharton - 11/4/2025