- Date
- December 5, 2024
- Time
- 3:00PM - 5:00PM (EST)
- Sponsor
- Great Lakes Chapter
- Location
- Detroit Livonia Marriott
17100 Laurel Park Drive North
Livonia, MI 48152
- Instructor
- David Rice
- Full Price
- $50.00
- AI Price
- $50.00
Course Description
This two-hour presentation provides continuing eucation for Michigan assessors and appraisers. It begins with an overview of ground leases, why investors use it, advantages and disadvantages of the minced lease structure. Real estate requirements, typical lease terms and capitalization rates are presented together with national data sources.
Examples of recent ground lease sales from various property types thoughout the state are presented. A Michigna Tax Tribunal decision illustrate the challenges of valuing properties subject to a ground lease.
Two case studies are presented - a vacant fast-food restaurant and a proposed fast-food restaurant - to illustrate valuation techniques.
Who Should Enroll
Certified General and Certified Residential Appraisers
Assossors
State Approvals
State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
---|---|---|---|---|---|---|---|---|---|
MI | CE | 2 | Classroom | Classroom | 08/08/2024 | 08/08/2027 | 20-1237860 (Great Lakes Chapter) |
Event Information
Class begins at 3:00 P.M.
This two-hour presentation provides continuing eucation for Michigan assessors and appraisers. It begins with an overview of ground leases, why investors use it, advantages and disadvantages of the minced lease structure. Real estate requirements, typical lease terms and capitalization rates are presented together with national data sources.
Examples of recent ground lease sales from various property types thoughout the state are presented. A Michigna Tax Tribunal decision illustrate the challenges of valuing properties subject to a ground lease.
Two case studies are presented - a vacant fast-food restaurant and a proposed fast-food restaurant - to illustrate valuation techniques.