Ari M. Shalam

Ari M. Shalam
  • Lecturer

Contact Information

  • office Address:

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



Ari M. Shalam is a lecturer in Real Estate Entrepreneurship at Wharton, winning multiple excellence in teaching awards 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 New York City, Texas, North Carolina, Pennsylvania, Miami 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 $2.5 billion in real estate investments.

Ari is a co-vice chairman of the board of the directors of Voxx International Corporation (NASDAQ: VOXX), and a former advisory board member of the Penn Institute of Urban Research and the board of the Good+ Foundation, as well as a former trustee of the Trinity School in New York City.

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 lives in New York City.

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

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