- Date
- May 8, 2026
- Time
- 8:00AM - 12:00PM (MST)
- Sponsor
- Colorado Chapter
- Location
- CDOT Facility
2829 W. Howard Place
Denver, CO 80204
- Instructor
- Jessica Ballou
Robin Schween
- Full Price
- $89.00
- AI Price
- $89.00
Course Description
Part 1 (Aviation real estate): Covers how airport classification (major vs. minor) drives demand, constraints and
valuation, the main on-airport property types (hangars, FBO, cargo/industrial, and select non-aviation uses), who
invests in these assets, what drives development cost and timing, how to think about “good” lease rates, and how ground
leases and lender/valuation perspectives (leasehold vs. fee) translate into value—ending with current aviation
investment trends (notably hangar shortages and consolidation). Part 2 (Manufactured Home Communities): Provides an
industry overview and demand drivers, regulatory and zoning constraints, community types and physical/infrastructure
considerations, housing stock nuances (including financing implications), revenue/expense structures and normalization,
primary valuation methods (income cap and DCF, plus sales comparison and limited cost), advanced topics (infill, rent
control risk, underwriting trends), common valuation pitfalls, and a short valuation case-study discussion. Overall,
both parts are intended to help appraisers understand general valuation considerations and pitfalls associated with
these specialty asset types.
Who Should Enroll
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|
| CO | CE | 4 | Classroom | 03/16/2026 | 08/08/2026 | 3102 (Colorado Chapter) |
Course Objectives
• Differentiate major vs. minor airports and explain how airport classification affects real estate demand, constraints,
and value.
• Identify and describe the primary real estate types found on airports (e.g., hangars, FBO,
cargo/industrial, non-aviation uses) and their typical lease structures.
• Evaluate key feasibility drivers for aviation development—especially hard/soft costs, timelines, and how “good” lease rates are supported.
• Analyze how ground leases and ownership interests (fee vs. leasehold) influence underwriting, lender requirements, and valuation conclusions for airport assets.
• Explain the market dynamics unique to manufactured home communities, including demand drivers, regulatory constraints, infrastructure considerations, and financing implications.
• Apply appropriate valuation approaches for manufactured home communities (cap rate, DCF, sales comparison) and recognize common pitfalls and risk items such as infill assumptions and rent control.
Event Information
Join us for the Spring Summit 2026 at the CDOT Facility in Denver, CO!
This will be a full day event. The Tarmacs and Trailer Parks class will run from 8am - 12pm
Schedule for the day:
AM Session 8am - 12pm
Lunch and Membership Meeting 12pm - 1pm: Register HERE
PM Session 1pm - 5pm Register HERE
Or BUNDLE AND SAVE! Click HERE
Course Description:
Part 1 (Aviation real estate): Covers how airport classification (major vs. minor) drives demand, constraints and
valuation, the main on-airport property types (hangars, FBO, cargo/industrial, and select non-aviation uses), who
invests in these assets, what drives development cost and timing, how to think about “good” lease rates, and how ground
leases and lender/valuation perspectives (leasehold vs. fee) translate into value—ending with current aviation
investment trends (notably hangar shortages and consolidation). Part 2 (Manufactured Home Communities): Provides an
industry overview and demand drivers, regulatory and zoning constraints, community types and physical/infrastructure
considerations, housing stock nuances (including financing implications), revenue/expense structures and normalization,
primary valuation methods (income cap and DCF, plus sales comparison and limited cost), advanced topics (infill, rent
control risk, underwriting trends), common valuation pitfalls, and a short valuation case-study discussion. Overall,
both parts are intended to help appraisers understand general valuation considerations and pitfalls associated with
these specialty asset types.