- Date
- December 4, 2025
- Time
- 8:00 AM - 4:30 PM (EST)
- Sponsor
- Great Lakes Chapter
- Location
- Schoolcraft College
18600 Haggerty Road
VisTaTech Drive
Livonia, MI 48152-269
- Instructor
- David Rice
- Full Price
- $200.00
- AI Price
- $195.00
Enroll by December 4!
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Course Description
This seven hour seminar reviews the state of major Michigan apartment markets including historical vacancy levels, historical and forecast construction and recent sales.
Valuation issues including deferred maintenance atypical vacancy issues and functional obsolescence are explored. Valuation issues in the income approach including
operating expense ratios, reserves for replacement and the development of capitalization rates are discussed.
Niche properties including student housing and fractured properties (condominiums) are illustrated.
A case study on an apartment property is discussed to demonstrate proper techniques.
Valuation issues including deferred maintenance atypical vacancy issues and functional obsolescence are explored. Valuation issues in the income approach including
operating expense ratios, reserves for replacement and the development of capitalization rates are discussed.
Niche properties including student housing and fractured properties (condominiums) are illustrated.
A case study on an apartment property is discussed to demonstrate proper techniques.
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Who Should Enroll
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| MI | CE | 7 | Classroom | Classroom | 01/01/2025 | 12/31/2026 | 20-1271108 (Great Lakes Chapter) |
Additional Course Offerings
| Sponsor | Date | Location | Format | ||
|---|---|---|---|---|---|
| Great Lakes Chapter | September 11, 2025 | Flint, MI | Classroom | View Details | Register |
Event Information
MICHIGAN APARTMENT MARKETS AND VALUATION ISSUES
Seminar Outline
8:00 – 8:15 Introduction to Seminar-15 minutes
8:15 – 9:00 Overview of Apartment Types Including
Height, Rents and Quality Levels -45 minutes
9:00 – 10:00 National Apartment Market - 60 minutes
10:00 –10:15 Break – 15 minutes
10:15 – 12:00 Michigan Apartment Markets -105 minutes
12:00 – 1:00 Lunch – 60 minutes
1:00 – 3:15 Apartment Valuation Issues – 135 minutes
3:15 – 3:30 Break – 15 minutes
3:30 – 4:00 Case Study – 30 minutes