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Appraising Distressed Commercial Real Estate: Here We Go Again

    Date: March 5, 2010   Location: Montgomery, AL
 
  Seminar    
Category  General [Gen]  
Level  Intermediate  
Attendance Hours  7.0  
Current Price  $ 175.00 Member
$ 195.00 Regular
 
  Instructor    
William T. Anglyn, MAI  
    
 
  Location    
Name  Auburn University Montgomery - Taylor Center  
Address  7440 East Drive  
City  Montgomery  
State  AL  
Zip  36117  
Phone  (334) 244-3343  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Alabama
Website  www.aialabama.com  
Contact Name  Pam Paulk  
Email  pampaulk@aialabama.com  
Phone  (205) 835-0808  
Fax  (205) 437-0311  
 
  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 15 days prior to program start date, refund in full.
  • 7 - 14 days prior to program start date, $50.00 cancellation fee.
  • Less than 7 days prior to program start date, forfeit of payment.
   Transfer Policy
  • Up To 15 days prior to program start date, no transfer fee.
  • 7 - 14 days prior to program start date, $25.00 transfer fee.
  • Less than 7 days prior to program start date, no transfer allowed.
   Program Material Policy

Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, a call tag will be issued for the return of this material. A registration refund will not be issued until the material has been returned. A few seminars allow for the purchase of program material. Contact the offering sponsor for more information.
  • Cancel Offering, $75.00 material fee (if keeping program material).
REGISTRATION BEGINS AT 8:00AM

Registration deadline is 8 business days from start date. However, the registration deadline may be extended if vacancies remain. Early registration is recommended as space is limited

Cancellations/Refunds: Requests for cancellations must be received in writing by the chapter. Fax cancellations: 205-437-0311 or email: pampaulk@aialabama.com. Confirmed students should not assume that cancellation has been granted until a confirmation has been received.

The Alabama Chapter of the Appraisal Institute is not responsible for students'non-refundable airline reservations or other travel expenses. The Alabama Chapter reserves the right to change/cancel any class due to extraneous circumstances. If you have a disability and require special accommodations, notify the Chapter in writing at least two (2) weeks in advance and we will arrange for reasonable accommodation. Without two weeks’ notice, accommodation may not be available.

ALL STUDENTS MUST BRING THEIR COURSE MATERIALS WITH THEM. ADDITIONAL MATERIALS WILL NOT BE AVAILABLE TO THOSE STUDENTS WHO HAVE NOT BROUGHT THEIR MATERIALS WITH THEM.

ATTENDANCE
The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. One hundred percent (100%) attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualification Board minimum criteria requirements.
You must not miss any of the course offering and you must give the instructor full attention. No cell phones, text messaging, returning calls, using computers and reading other non-related materials in class. You must be on time at beginning and returning from breaks and lunch.

State Certification: Students should contact their specific state to determine current education approval and requirements.

APPROVED FOR 7 HOURS OF CE CREDIT WITH THE ALABAMA REAL ESTATE COMMISSION. YOU MUST BRING YOUR ALABAMA REAL ESTATE LICENSE # TO RECEIVE CE CREDIT AND YOU MUST COMPLY WITH 100% ATTENDANCE AND PARTICIPATION


Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
 
  Additional Information    
Location: AUM Montgomery-7440 East Drive-Montgomery-334-244-3343-Room 223

Driving Directions: I-85 East toward Atlanta, exit 9(Taylor Road). Left back across interstate AUM is on the Left. Park in Lot 1 in front of Library Tower, Taylor Center is located to the right.
Seminar in Room 223.

Hotels in the area:
1. Staybridge Suites
7800 East Chase Parkway
334-277-9383
Special Rate: $119+tax-includes dinner & breakfast

2. Hampton Inn & Suites
7651 East Chase Parkway
334-277-1818
Special Rate: $117+tax

**Both Hotels Have special Rates ask for Alabama Chapter Appraisal Institute Rate
 

 
 
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