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Appraising Distressed Commercial Real Estate: Here We Go Again

    Date: February 18, 2010   Location: Tampa, FL
 
  Seminar    
Category  General [Gen]  
Level  Intermediate  
Attendance Hours  7.0  
Current Price  $ 150.00 Member *
$ 175.00 Regular *
* SAVE! early registration
 
  Instructor    
William T. Anglyn, MAI  
    
 
  Location    
Name  Hilton Garden Inn/Tampa Airport/Westshore  
Address  5312 Avion Park Drive  
City  Tampa  
State  FL  
Zip  33607  
Phone  (813) 289-2700  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  West Coast Florida
Website  www.aiwestcoastfl.org  
Contact Name  Nancy Bachor  
Email  wcoastfl@tampabay.rr.com  
Phone  (813) 935-4311  
Fax  (813) 935-4332  
 
  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 20 days prior to program start date, refund in full.
  • 7 - 19 days prior to program start date, $75.00 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, $30.00 transfer fee.
  • 7 - 14 days prior to program start date, $50.00 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).
Attendance: 100% attendance is required for all Appraisal Institute education programs. This follows Appraiser Qualifications Board minimum criteria requirements. A “classroom hour” is defined as 50 minutes out of each 60-minute segment. A 10-minute break per hour is allowed and a student would still meet the 100% attendance requirement. Students should not be late or leave early; if they are late or leave early, they will not receive credit.

ADA Policy: If you have a disability and may require special accommodation, please notify us in writing at least two (2) weeks in advance and we will arrange for reasonable accommodation. Other Information: We reserve the right to cancel, limit, or reschedule the course and to change faculty assignments and locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations.

ENROLLMENT CANCELLATION NOTICE All enrollment cancellations must be submitted in writing via fax 813-935-4332 or email wcoastfl@tampabay.rr.com. A confirmation of your cancellation will be e-mailed once it is processed by the Chapter office. See details regarding cancellation fees. If your seminar materials are already shipped to you, a UPS call tag will be sent for the return of the materials. Once the materials are received, then, any appropriate refund on your credit card will be issued.

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    
Seminar Location: Hilton Garden Inn/Tampa Airport/Westshore, 5312 Avion Park Drive, Tampa, FL 33607 - Phone: (813) 289-2700. Mention the Appraisal Institute for a standard sleeping room rate of $99/night. Other nearby hotel: Homewood Suites, (813) 269-6950, Hampton Inn (813) 287-0778; Hyatt Place (813) 282-1037 or The Westshore Hotel (813) 282-3636. Driving directions: Heading North on I-275: Take Exit 39A to merge onto John F Kennedy Blvd/W Kennedy Blvd toward SR-60 E/WestShore Blvd. Take Left onto WestShore Blvd, heading West (approximately. 2 Miles). Turn Left onto W. Spruce Street. Turn Left onto N O'Brien Street. Turn Right onto Avion Park Drive and hotel is located on the left. Heading South on I-275, take Westshore Blvd exit and vear right onto Westshore and follow above directions.

Class Hours: 8:30 a.m. - 4:30 p.m. Morning coffee service will be available. (Lunch on your own) (Please arrive 15 minutes early for registration/check-in). Seminar materials are shipped directly to students who register more than ten days prior to class. If you register less than 10 days prior to class, you will receive the materials at the check-in. Please remember it is your resonsibility to bring your materials with you to class. Extra sets will ONLY be available to those students who registered less than 10 days prior to the class.

Continuing Education Credit: Appraisal Institute: 7 hours. Florida Real Estate Appraisal Board: 7 hours #0008586.

Student Rosters:
Students that do not wish to have their name, address, phone number and email address published to other students in the class must notify the Chapter five (5) days prior to the beginning of the course.
 

 
 
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