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Appraising Distressed Commercial Real Estate: Here We Go Again

    Date: August 1, 2013   Location: Chicago, IL
 
  Seminar    
Category  General [Gen]  
Level  Intermediate  
Attendance Hours  7.0  
Current Price  $ 145.00 AI
$ 175.00 Full
Note
Please register early  		After Jul 18, 2013
$ 30.00 Late Fee
 
  Instructor    
William T. Anglyn, MAI  
    
 
  Location    
Name  Chicago Chapter Education Center  
Address  205 W. Wacker Drive  
   Suite 202  
City  Chicago  
State  IL  
Zip  60606  
 
Click Here to check state approvals
     
 
  Sponsor / Contact    
Chapter  Chicago
Website  www.ccai.org  
Contact Name  LA Anderson  
Email  la@ccai.org  
Phone  (312) 616-9400  
 
  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 should 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
  • $25.00 cancellation fee.
  • Less than 2 days prior to program start date, forfeit of payment.
   Transfer Policy
  • $25.00 transfer fee.
  • Less than 2 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, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
  • Cancel Offering, $25.00 material fee.
The Chicago Chapter enforces the attendance requirements as mandated by the State of Illinois and the AQB. There is a 100% attendance policy, if you are late, you will not receive credit. If you are late the first day of the course, you may stay in class but you will not receive credit. Registration begins at 8:00 am for every course. Each course begins promptly at 8:30 am each day.

Program Material Policy: Beginning four weeks before the course start date, program materials will be shipped to the student. Standard ground shipping is INCLUDED in the tuition price. HOWEVER, ADDITIONAL CHARGES are added for express shipping. These charges will be reflected in late registration.

If you do not receive your materials within five business days of the start date, PLEASE NOTIFY the Chicago Chapter office immediately. All students must bring their materials with them to class; there will be NO EXTRA’s available.

Cancellation & Transfer Policy: Please read carefully.
The Chicago Chapter charges a $25 cancellation AND $25 transfer fee.
If you cancel less than 48 hours before the start of the course or seminar you will receive NO REFUND. All cancellations must be submitted in writing to receive a refund. The Chicago Chapter reserves the right to cancel, limit or reschedule the programs and to change faculty assignments at any time. Prospective students should confirm their registrations before making any non-refundable airline reservations.

If you cancel there is an additional $25 material charge from the national office. You do not return course materials any longer.



Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
 
  Additional Information    
Class Schedule:
Registration: 8:00a-8:30a
Class begins at 8:30 each morning/ends at 4:30

CHICAGO IS A VERY BUSY CITY…..MAKE YOUR RESERVATIONS EARLY!!!!
HOTEL INFO: We have a corporate rate at the Holiday Inn Mart Plaza, right across the street from the chapter office.
Call Stephen Bee at 312-529-1127 or email him at sbee@martplaza.com. Tell him you’re a student with the Chicago Chapter and he will make your reservation for you.


Please contact Jennifer Jennifer@ccai.org 312.616.9400 or LA LA@ccai.org
if you have any questions or need assistance.

CCAI office: 312.616.9400 FX: 312.616.9404