This product is a recording of the Appraisal Institute webinar that was conducted on November 12, 2008.
Once the Appraisal Institute confirms your payment, you will receive an e-mail containing a link to the webinar recording.
Please note: The interactive features of the webinar (e.g. poll/survey questions and the final evaluation) are NOT available in the recording. In addition, Appraisal Institute continuing education credit is NOT available for viewing the recording.
Appraising Distressed Commercial Real Estate: Here We Go Again
Date: November 12, 2008
Duration: 60 minutes
Topics included a market overview and practical applications, including:
An overview of the current financial crisis and its impact on commercial real estate – how did we get here and what is the outlook for the future?
The implications for commercial real estate appraisers – how does the economic downturn affect capital markets and the way you conduct market analyses?
An overview of how the capital markets affect real estate transactions.
Challenges in determining market value in inactive markets.
Using indices to provide valuation guidance, including use of the "Moody Real Property Price Index"
Examining the mechanics of valuing distressed real estate, including a failed subdivision.
Understanding what bank regulators are requiring of regulated institutions with distressed commercial real estate, and what kinds of products offered by appraisers can assist financial institutions.
Learning where appraisal services will be needed most in the near and long term.
The role of the entrepreneur in distressed real estate.
Robert M. White, Jr., CRE, FRICS, Founder & President, Real Capital Analytics
Ted Anglyn, MAI, CCIM, Director of Acquisitions, Forge Capital Partners
Don W. Damron, MAI, CCIM, Chief Appraiser, Capital One Bank
Robert M. White, Jr. spent 14 years in the real estate investment banking and brokerage industry and has orchestrated billions of commercial sales, acquisitions and recapitalizations. He was named one of the National Real Estate Investor Magazine's "Ten to Watch" in 2005. Mr. White is a Counselor of Real Estate and a fellow of the Homer Hoyt Institute.
Ted Anglyn has worked in commercial real estate for over 26 years and has been an Appraisal Institute instructor for over 16 years. During his career, he has held many distinguished positions, the most recent being the Director of Acquisitions for a $300 million real estate fund investing in shopping centers. Mr. Anglyn has published five real estate seminars for the Appraisal Institute as well as numerous articles on complex valuation issues, three of which were converted into online education seminars.
Donald W. Damron has been involved in the real estate industry since 1977 and has been an appraiser since 1980. He is an Executive Vice President and Chief Appraiser for Capital One Bank. He currently holds the National Director position for Real Estate Technical Services (RETECHS), the group internal to Capital One Bank that is responsible for all of the Bank's Appraisal and Evaluation due diligence, as well as Environmental Risk Management.
Jim Amorin, MAI, SRA, 2008 President-Elect, Appraisal Institute