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    Appraisal of Medical Office Buildings

    Register
    On Demand
    Date
    On Demand
    Sponsor
    Appraisal Institute
    Location
    Instructor
    Donald R. Sonneman
    Class Time
    7 hours
    Full Price
    $145.00
    AI Price
    $120.00
    Course Description

     

    Changing trends in medical practice, health insurance, and demographics are fostering changes in the design of and demand for medical office buildings. Designed specifically for commercial appraisers who want to branch out into the specialty of medical office building appraisals, the seminar focuses on the sales comparison and income approaches. You’ll identify the key differences between medical office construction and standard office construction and through historical data, learn about long-term trends and their influence on the market.

     

    Who Should Enroll
    General real property appraisers
    AI CE Points
    Attend:
    75
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 7 7 Online Online 01/17/2023 01/17/2026 19193
    AL CE 7 7 Online Online 10/01/2022 09/30/2024 C02609
    AR CE 7 7 Online Online 12/02/2023 12/01/2025 AI001
    AZ CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    AZ CE 7 7 Online Online 02/20/2020 04/06/2026 60077
    CA CE 7 7 Online Online 08/02/2021 08/01/2025 17CP754601279
    CO CE 7 7 Online Online 02/21/2023 04/06/2026 2344
    CO CE 7 7 Online Online 01/20/2023 04/06/2026 2344
    CT CE 7 7 Online Online 02/25/2022 02/25/2025 AAL.000897
    DC CE 7 7 Online Online 02/29/2024 02/28/2026
    DE CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    DE CE 7 7 Online Online 02/20/2020 04/06/2026 60077
    FL CE 7 7 Online Online 03/19/2023 03/18/2025 0009969
    GA CE 7 7 Online Online 04/07/2023 04/06/2026 68478
    HI CE 7 7 Online Online 11/07/2023 12/31/2024 23-409
    IA CE 7 7 Online Online 02/21/2023 04/06/2026 A518-842
    IA CE 7 7 Online Online 02/21/2023 04/06/2026 A518-842
    ID CE 7 7 Online Online 02/21/2023 04/06/2026 14747
    ID CE 7 7 Online Online 01/23/2023 04/06/2026
    IL CE 7 7 Online Online 01/01/2023 12/31/2024 575.010176
    IN CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    IN CE 7 7 Online Online 02/20/2020 04/06/2026 60077
    KS CE 7 7 Online Online 01/01/2024 12/31/2024 170.C24.R
    KY CE 7 7 Online Online 07/01/2023 06/30/2024
    KY CE 7 7 Online Online 07/01/2024 05/30/2025
    LA CE 7 7 Online Online 02/21/2023 12/31/2024 A0325
    MA CE 7 7 Online Online 04/07/2023 04/06/2026 120027
    MD CE 7 7 Online Online 02/20/2020 04/06/2026 60077
    MD CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    ME CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    ME CE 7 7 Online Online 02/20/2020 04/06/2026 60077
    MI CE 7 7 Online Online 02/21/2023 02/20/2026 3370
    MN CE 7 7 Online Online 09/01/2023 08/31/2025 1023628
    MO CE 7 7 Online Online 04/07/2023 04/06/2026
    MS CE 7 7 Online Online 07/24/2022 07/27/2025 MAB#49984
    MT CE 7 7 Online Online 04/07/2023 04/06/2026 REA-CEC-REC-16700
    NC CE 7 7 Online Online 01/01/2024 12/31/2024 4212
    ND CE 7 7 Online Online 02/21/2023 04/06/2026 CE-223025
    NE CE 7 7 Online Online 08/18/2022 08/17/2027 2172439.02
    NH CE 7 7 Online Online 02/21/2023 04/06/2026
    NJ CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    NM CE 7 7 Online Online 02/21/2023 04/06/2026 4239
    NY CE 7 7 Online Online 01/01/2024 12/31/2024 A4739-07
    OH CE 7 7 Online Online 01/01/2024 12/31/2024 923404111A 24
    OK CE 7 7 Online Online 01/26/2023 04/06/2026 727
    OR CE 7 7 Online Online 02/21/2023 04/06/2026 APIN-C-0123-8963
    OR CE 7 7 Online Online 01/23/2023 04/06/2026 APIN-C-0123-8963
    PA CE 7 7 Online Online 04/07/2023 04/06/2026
    PR CE 7 7 Online Online 02/20/2020 04/06/2026 60077
    PR CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    RI CE 7 7 Online Online 01/18/2023 04/06/2026 REA.0001966-CE
    RI CE 7 7 Online Online 03/01/2023 04/06/2026
    SC CE 7 7 Online Online 09/01/2022 08/31/2024 DE1646
    SD CE 7 7 Online Online 08/05/2020 07/10/2026 SD 1590 CE
    TN CE 7 7 Online Online 09/01/2023 08/31/2025 2060
    TX CE 7 7 Online Online 02/21/2023 04/06/2025 TX Provider #:10 Course #:45661
    UT CE 7 7 Online Online 06/01/2022 06/30/2024 AC220603
    VA CE 7 7 Online Online 02/20/2020 04/06/2026 60077
    VA CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    VT CE 7 7 Online Online 06/06/2019 03/16/2025
    WA CE 7 7 Online Online 02/21/2023 04/06/2026 A3835
    WA CE 7 7 Online Online 01/20/2023 04/06/2026 A3835
    WI CE 7 7 Online Online 02/20/2020 04/06/2026 60077
    WI CE 7 7 Online Online 04/06/2023 04/06/2026 60077
    WV CE 7 7 Online Online 02/09/2023 04/06/2026
    WY CE 7 7 Online Online 01/26/2023 02/20/2026
    WY CE 7 7 Online Online 02/21/2022 02/20/2026 370
    Course Objectives
    • Differentiate between the types of healthcare services and the types of healthcare facilities they occupy.
    • Examine how changes in the healthcare industry are influencing medical office demand.
    • Analyze how practice trends are changing the size, configuration, and location of medical offices.
    • Examine how the medical office market is responding to healthcare trends.
    • Distinguish characteristics of medical office buildings from standard office buildings.
    • Analyze important clauses to consider in a review of medical office leases.
    • Describe trends in the medical office leasing market.
    • Illustrate when to apply the sales comparison approach for valuation of a leased fee interest in a medical office building.
    • Demonstrate the use of appropriate guidelines for selection of comparable sales for valuation of a leased fee interest in a medical office building.
    • Properly apply transactional and property adjustments in the sales comparison approach for leased fee interests in medical office buildings.
    • Distinguish between major factors contributing to the economic characteristics adjustment for a medical office building.
    • Demonstrate proper methodology in the sales comparison approach for valuing a fee simple interest in a medical office building.
    • Distinguish how and when to use direct capitalization for valuation of a leased fee interest in a medical office building.
    • Examine and consider the following factors in estimating the leased fee capitalization rate: tenant quality, rent level, and lease type.
    • Examine and consider the following factors in estimating the leased fee capitalization rate: term remaining, options remaining, location, and others.
    • Illustrate direct capitalization for valuation of leased fee interests in single-tenant medical office buildings.
    • Demonstrate proper data collection techniques to support leased fee capitalization rates for medical office buildings.
    • Demonstrate proper application of discounted cash flow analysis in the valuation of leased fee interests in medical office buildings.
    • Illustrate proper methods for estimating a reversion in the valuation of leased fee interests in medical office buildings by discounted cash flow analysis.
    • Demonstrate proper application of discounted cash flow analysis in the valuation of leased fee interests in single-tenant medical office buildings.
    • Demonstrate proper application of discounted cash flow analysis in the valuation of leased fee and fee simple interests in multi-tenant medical office buildings.
    Course Details

    Program Overview:
    Online Syllabus

    Assignments:

    Yes. Participants must complete mandatory assignments in this program. Please plan your time accordingly and allow up to 5 days for the instructor to review your assignments. The instructor may ask for a re-submission of incomplete assignments. You may advance through the program while you are waiting for your instructor to review your work. You may also contact the instructor to request expedited review.

    Equipment:

    Additional Information:

    Online Course Access
    Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
    1. Click "Education and Events" on the right navigation menu.
    2. Find the course under the “Online Courses” heading and click the “Begin” button.
    IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

    Other Details
    For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

    Requirements:

    Online Education FAQ

    Prerequisites
    Knowledge and experience with basic appraisal theories and fundamental appraisal practices
    Course Materials & Recommended Books
    None specified
    Pricing Options
    Rate Full Price AI Price
    Standard
    Today thru 12/31/2050
    $145.00 $120.00