CI 104 - Investment Analysis for Commercial Investment Real Estate

Develop the skills and experience that will allow you to become a trusted resource for investors. This course provides you with the knowledge needed to make sound decisions regarding the acquisition, ownership, and disposition of commercial investment property. You’ll learn to use hands-on tools that can be used to help minimize risk and maximize return for investors. Apply these concepts to every type of investment real estate, including multifamily, office, retail, and industrial. CI 104 is also available as an Executive Course offering.

After this course, you will be able to: 

• Use strategies and methods to guide you through the acquisition process, from initially determining a client’s investment strategy to presenting your recommendations.
• Evaluate the impact of using leverage to acquire commercial real estate.
• Identify various types of risks associated with owning commercial real estate.
• Calculate lease buyout costs from an owner’s and tenant’s perspective.
• Understand taxation issues that affect commercial investment real estate investments, including the impact of a Section 1031 tax-deferred exchange.
• Evaluate various hold versus dispose alternatives such as do nothing, refinance, exchange, and sell and buy.
• Use modern investment fundamentals to make real estate decisions about acquiring property, owning and operating property, and disposing of property.

Class highlights

Revisit financial analysis

• Review time value of money calculations, before-tax and after-tax analysis and common financial and profitability ratios.

Learn investment as a process

• Determine the client's investment strategy.
• Analyze available properties to select the optimal investment.
• Consider effective methods to present recommendations to clients.

 

Analyze the impact of financing and risk

• Identify traditional and emerging sources of financing.
• Determine the lender's criteria for financing a project.
• Understand financing from the borrower's perspective.
• Analyze a variety of equity positions.

Understand taxation issues

• Learn the tax issues that affect the acquisition, operation, and disposition of commercial real estate investments
• Recognize the impact of a Section 1031 tax-deferred exchange

Use your laptop computer

• Practice analysis techniques using custom designed CCIM Excel®-based programs to solve case study problems
• Access additional references, tools and interactive business forms included on a customized CD-ROM

Examine various disposition decisions

• Determine the best disposition strategy
• Analyze refinancing, exchange and alternative investment options.

CI 104 Executive Course Offerings

In addition to the standard five-day in-class format, there is also an Executive Course option of two days of self-study and three days of in-class instruction. Reference materials are sent approximately two weeks in advance of the course. Students are expected to review materials and complete all required pre-study assignments. Executive Course Offerings also have a special online forum where students can post questions prior to the course. Questions posted to the forum are monitored and answered by instructors. Please register at least three weeks prior to course date to receive the course materials two weeks in advance of the class.

CI 104 Course Details

Length

Executive Offerings

Credit

Suggested Participants

• Real estate professionals interested in pursuing the CCIM designation
• New commercial investment real estate professionals looking to build on their experience in the CCIM Intro course
• Residential agents who conduct some commercial transactions
• Anyone interested in moving into commercial investment real estate
• Real estate investors

Examination

Prerequisite

Required Equipment