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Welcome. If you are a returning student or member of the Appraisal Institute, please log in.  Select an Offering  |  Forgot Password?  |  Create Login       Appraising Distressed Commercial Real Estate: Here We Go Aga EMAIL   Date: March 19, 2010   Location: Rockville, MD     Seminar     Category   General [Gen]   Attendance Hours   7.0   Current Price   $ 185.00 Member * $ 205.00 Regular * * includes late fee Late Fee   $ 10.00     Instructor     William T. Anglyn, MAI            Location     Name   The Universities of Shady Grove   Address   9630 Gudelsky Drive   City   Rockville   State   MD   Zip   20850   Phone   (301) 738-6023     Click Here to check state approvals          Sponsor / Contact     Chapter   Washington DC Metropolitan Area Website   www.appraisalinstitutedc.org   Contact Name   Peter Houstle   Email   info@appraisalinstitutedc.org   Phone   (301) 924-1020       Description     In keeping with its cyclical nature, the real estate market has once again moved toward a state of dissolution. In the current economic downturn, this timely new seminar provides critical insights on how appraisers, lenders, and investors will value distressed real estate. In Appraising Distressed Commercial Real Estate: Here We Go Again, learn how to analyze distressed development properties and improve commercial real estate under the present market conditions. Examine, in detail, specific steps to enhance distressed properties. Develop methods for arriving at a market-supported “as-is” value forecast and in doing so, acquire techniques for enticing entrepreneurs, among other buyers. Discuss adaptive and alternative use on distressed properties that no longer support their current use by reviewing three examples that demonstrate the conversion process. Also, learn to accurately evaluate land values with limited direct comparables while you explore three unique case studies involving property in times of distress. At the end of this seminar participants will be able to Define key concepts associated with distressed real estate Analyze current trends affecting real estate values Explore the six basic steps involved in conducting a market analysis Review market consideration on distressed real estate Explore how capital markets (debt and equity) affect commercial real estate from a cost availability perspective Review basic physical and functional issues that cause real estate to become distressed Explore “as-is” value concepts to more accurately analyze distressed real estate properties Distinguish between entrepreneurial profit and cost of capital Explore the concept of reflecting entrepreneurial profit as a dollar amount deduction Review adaptive-use potential on distressed properties Analyze and critique valuation methods on a failed subdivision AICP members may be able to earn Certification Maintenance (CM) credits for this activity. Visit www.planning.org/cm for a list of approved offerings.     Equipment     HP-12C Calculator—recommended, not required     Disclaimer     Cancellation Policy Up To 14 days prior to program start date, refund in full. 5 - 13 days prior to program start date, $50.00 cancellation fee. Less than 5 days prior to program start date, forfeit of payment.   Transfer Policy Up To 14 days prior to program start date, no transfer fee. 5 - 13 days prior to program start date, $25.00 transfer fee. Less than 5 days prior to program start date, no transfer allowed.     Program materials will be picked up at the site.     Additional Information     Class will be held in Room 101 (1st floor of Building 1) at UMD Shady Grove. Click the links below for a campus map and building floor plan. Schedule: Registration begins at 8:30am. Seminar is from 9am-5pm with a one hour lunch (on your own). There are cafeterias located in Buildings 2 and 3. Location: Universities at Shady Grove Building 1 - Room 101 9630 Gudelsky Drive Rockville, MD 20850 301.738.6023 Driving Directions from I-270 • Take the MD-28 W. exit # 6B towards DARNESTOWN • Merge onto W. Montgomery Ave./MD-28 W. • Turn LEFT onto Darnestown Rd. • Turn LEFT onto ShadyGrove Rd. • Turn RIGHT onto Gudelsky Way • Turn LEFT onto Gudelsky Dr. • Parking available in lots 1 and 2 on your left. •  Map   •  Floor Plan

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