CI 104 – Investment Analysis for Commercial Investment Real Estate

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Develop the skills and experience that will allow you to become a trusted resource for investors. This course provides you with the knowledge needed to make sound decisions regarding the acquisition, ownership, and disposition of commercial investment property. You’™ll learn to use hands-on tools that can be used to help minimize risk and maximize return for investors. Apply these concepts to every type of investment real estate, including multifamily, office, retail, and industrial. CI 104 is also available as an Executive Course offering.

After this course, you will be able to:

• Use strategies and methods to guide you through the acquisition process, from initially determining a client’s™ investment strategy to presenting your recommendations.
• Evaluate the impact of using leverage to acquire commercial real estate.
• Identify various types of risks associated with owning commercial real estate.
• Calculate lease buyout costs from an owner’s™ and tenant’s™ perspective.
• Understand taxation issues that affect commercial investment real estate investments, including the impact of a Section 1031 tax-deferred exchange.
• Evaluate various hold versus dispose alternatives such as do nothing, refinance, exchange, and sell and buy.
• Use modern investment fundamentals to make real estate decisions about acquiring property, owning and operating property, and disposing of property.

Class highlights

Revisit financial analysis

• Review time value of money calculations, before-tax and after-tax analysis and common financial and profitability ratios.

Learn investment as a process

• Determine the client’s investment strategy.
• Analyze available properties to select the optimal investment.
• Consider effective methods to present recommendations to clients.

Analyze the impact of financing and risk

• Identify traditional and emerging sources of financing.
• Determine the lender’s criteria for financing a project.
• Understand financing from the borrower’s perspective.
• Analyze a variety of equity positions.

Understand taxation issues

• Learn the tax issues that affect the acquisition, operation, and disposition of commercial real estate investments
• Recognize the impact of a Section 1031 tax-deferred exchange

Use your laptop computer

• Practice analysis techniques using custom designed CCIM Excel®-based programs to solve case study problems
• Access additional references, tools and interactive business forms included on a customized CD-ROM

Examine various disposition decisions

• Determine the best disposition strategy
• Analyze refinancing, exchange and alternative investment options.

CI 104 Executive Course Offerings

In addition to the standard five-day in-class format, there is also an Executive Course option of two days of self-study and three days of in-class instruction. Reference materials are sent approximately two weeks in advance of the course. Students are expected to review materials and complete all required pre-study assignments. Executive Course Offerings also have a special online forum where students can post questions prior to the course. Questions posted to the forum are monitored and answered by instructors. Please register at least three weeks prior to course date to receive the course materials two weeks in advance of the class.
Click here for more information. All registration is handled through the CCIM Institute. This course is hosted by the local chapter of the Certified Commercial Investment Member.
Location: State Bar of NM, 5121 Masthead NE, Alb., NM  87109

CI 101 – Financial Analysis for Commercial Investment Real Estate

CI 101 serves as your introduction to the CCIM Cash Flow Model. Learn to apply the CCIM Cash Flow Model to make your investment decisions based on wise investment fundamentals. Some of the concepts you will explore include IRR, NPV, Cap Rate, Capital Accumulation, and the Annual Growth Rate of Capital.
This class will also introduce you to two other important tools ‘“ the CCIM Strategic Analysis Model, the fundamentals behind the numbers, and the CCIM Decision-Making Model, a process for analyzing and making real estate decisions.
After completing this course, you will be able to:

• Make better investment decisions by using the CCIM Cash Flow Model as a framework for real estate analysis.
• Apply state-of-the-art real estate analysis tools to quantify investment return.
• Measure the impact of federal taxation and financial leverage on the cash flow from acquisition, ownership and disposition phases of real estate investment.

All registration is handled through the CCIM Institute. This course is hosted by the Commercial Association of REALTORS NM.
Location: 1635 University Blvd. NE, Albuquerque, NM 87102

A scholarship is available for this course!

This scholarship award is up to $1,000.00 and is available to anyone who is a Candidate in good standing with both the National CCIM Association and the New Mexico Chapter of CCIM. Applications for the scholarship are due no later than March 19, 2010.

Introduction to Commercial Investment Real Estate Analysis

Accelerate your rise to success in commercial investment real estate. This introductory course teaches you the fundamentals of the commercial investment real estate industry and demonstrates how to apply these skills using real-world examples and case studies. You’™ll have the confidence to answer your client’s™ questions, anticipate their concerns, and plan for their needs when you have a solid commercial foundation from which to start.
After this course, you will be able to:

• Solve investment problems using a financial calculator.
• Understand basic real estate investment analysis tools. You will know how to estimate net operating income, cash flows before tax, and how to calculate the internal rate of return.
• Perform basic mortgage calculations using compounding and discounting techniques.
• Know how to compare similar properties, project vacancy rates, and estimate absorption figures.
• Know other ways to make a profit in commercial real estate besides brokerage. Be familiar with lucrative services like tenant representation, land acquisition, leasing, finance, property management, and appraisal.

Class highlights
Solve problems using a financial calculator

• Learn the functions of the financial calculator through this activity specifically designed for commercial real estate.

Get an overview of commercial investment real estate

• Recognize the features of the different commercial real estate types.
• Understand the space, capital and property value markets.
• Discover lucrative services like tenant representation, land acquisition, leasing, finance, property management and appraisal.
• Identify resources and data needed to analyze and market commercial properties.

Understand commercial leases

• Review common lease clauses and costs that impact the bottom line for the owner and tenant.

Perform the basics of investment analysis

• Review the fundamentals of investing.
• Apply compounding and discounting techniques to investment decisions.
• Calculate internal rate of return for a variety of different investment scenarios.

Understand mortgage loans

• Evaluate mortgage loans using compounding and discounting techniques.
• Calculate amortization values (mortgage payment, loan balance, interest and principal for different amortizing periods).

All registration is handled through the CCIM Institute. This course is hosted by the Commercial Association of REALTORS NM.
Location: 1635 University Blvd. NE, Albuquerque, NM 87102