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Appraising Distressed Commercial Real Estate: Here We Go Aga

CALL   Date: November 6, 2009   Location: Linthicum, MD
 
  Seminar    
Category  General [Gen]  
Attendance Hours  7.0  
Current Price  $ 185.00 Member
$ 285.00 Regular
 
  Instructor    
Vincent M. Dowling, MAI, SRA  
    
 
  Location    
Name  Maritime Institute of Technology  
Address  5700 Hammonds Ferry Rd.  
City  Linthicum  
State  MD  
Zip  21090  
Phone  (410) 859-5700  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Maryland
Website  www.ai-md.org  
Contact Name  Tim McKenna  
Email  timmckenna@assnhqtrs.com  
Phone  (410) 752-3318  
Fax  (410) 752-8295  
 
  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, $50.00 cancellation fee.
  • 15 - 14 days prior to program start date, $100.00 cancellation fee.
  • Less than 15 days prior to program start date, forfeit of payment.
        

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.Cancellation Policy Up To 15 days prior to program start date, $50.00 cancellation fee. 15 - 14 days prior to program start date, $100.00 cancellation fee. Less than 15 days prior to program start date, forfeit of payment unless a student replacement is provided. All cancellations must be submitted in writing. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Other Information If you have a disability and require accommodation, please notify the national office at least two weeks in advance and we will arrange for reasonable accommodation. We reserve the right to cancel, limit, or reschedule the course and to change faculty assignments and facility locations at any time. Prospective students should confirm their registration before making any non-refundable airline reservations. The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for state certification/licensing or state continuing education credit that verify successful completion and attendance of 100% or better with your grade notification letter. If Appraisal Institute attendance records indicate attendance of less than 100%, the student will not receive a course completion certificate until all missed sessions are made up at a different offering of the course, within one year of the original course dates. The Maryland Real Estate Appraisers Commission requires 100% attendance for each 50-minute lecture hour and a passing grade on the exams. Partial credit is not awarded.


Program materials will be picked up at the site.
 
  Additional Information    
Coffee breaks will be provided, but lunch is on your own. There are restaurants nearby or you can purchase lunch tickets ($17.00) at the front desk for the Maritime cafeteria.

Unless you registered late, most of you recieved your course materials. DO NOT FORGET TO BRING THEM. There are NO extra materials at the site.

If you registered late, see me at the sign-in.
 

 
 
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