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Supporting Capitalization Rates
EMAIL
Date:
May 24, 2010
Location:
Rockville, MD
Seminar
Category
Capitalization [Cap]
Attendance Hours
7.0
Current Price
$ 185.00
Member
*
$ 205.00
Regular
*
* includes late fee
Late Fee
$ 10.00
Instructor
Vincent M. Dowling, MAI, SRA
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
phoustle@marinermanagement.com
Phone
(301) 725-2508
Fax
(301) 238-4579
Description
You use capitalization rates in nearly every commercial appraisal, yet do you still wrestle with developing a cap rate and then encounter criticism? If you need to improve your ability to select and defend cap rates, this seminar is for you.
Departing from an emphasis on theory and mathematics,
Supporting Capitalization Rates
focuses on practical ways to incorporate judgment and market experience into the rate selection process. You’ll learn to apply what you have learned about capitalization rates to real-world situations. In fact, the theme of this seminar is that a well-supported capitalization rate takes into account market activity, is tested for reasonableness, and demonstrates the appraiser’s consideration of the relevant factors that affect the property.
Working with case studies, you will develop well-supported, market-extracted capitalization rates reflecting specific economic and property characteristics. You’ll learn to identify the strengths, weaknesses, and data requirements of various methods to help you select the most appropriate method for any given appraisal problem.
After attending this seminar, you will be able to
Explain the source and application of capitalization rates.
Recognize the relevant factors that influence cap rates.
Develop and apply market-extracted cap rates.
Recognize common errors deriving and applying capitalization rates.
Appreciate how economic, market, and property characteristics can affect capitalization rates.
Understand the considerations in the selection and support of the appropriate capitalization rate for a specific property.
Equipment
An HP-19BII, HP-17BII, HP-12C, or equivalent calculator
For Further Reading
•
Capitalization Theory and Techniques, Study Guide
, Second Edition
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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