CI 104 - Investment Analysis for Commercial Investment Real Estate

Essential Skills

This is the course that analyzes the critical aspects of the acquisition, ownership and disposition of commercial investment properties. Once you complete CI 104 - Investment Analysis you will be able to:

•	Analyze a client or owners' needs to determine the best investment strategy.
•	Understand various financing options that may be available for a project.
•	Determine the best disposition strategy for a property.
•	Know the tax issues that affect the acquisition and disposition of real estate investments.
•	Understand modern investment concepts such as expected value based on probabilities, real estate exchanges, capital accumulation and income partitioning.

Overview

Purchasing real estate for investment can be one of the most challenging decisions that can be made by a corporation, institutional investor, partnership, or individual. Financial and regulatory factors, from finding a property consistent with the prospective owner's investment strategy to financing options and tax considerations, have a profound impact on future profitability. The course provides students with the knowledge needed to make sound decisions regarding every critical aspect of the acquisition and ownership of commercial investment property. The course addresses modern investment concepts such as expected value based on probabilities, real estate exchanges, capital accumulation as a method for evaluating alternative real estate investments and income partitioning a technique for valuing each portion of the cash flow by the risk it represents. The course thoroughly covers every type of investment real estate-multifamily, office, retail and industrial. Comprehensive case studies put the concepts explored into a real-world perspective.

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 course format, a select number of CI 104 – Investment Analysis for Commercial Investment Real Estate courses are presented through our Executive Course Program. This program consists of two days of self-study and three days of in-class instruction. Students are sent the course reference materials approximately two weeks in advance of the course to prepare them for the in-class presentation. Students are expected to come to class having reviewed and completed all the required pre-study assignments. Executive Course Offerings will also have a special forum within the CCIM web site where students can post questions prior to the course. Questions posted to the forum are monitored and answered by instructors.

Special Note for Executive Course Offerings: Please register at least three weeks prior to course date to receive the course materials in advance to prepare for the class.

Course Details for CI104

Course Length: 5 days, 8:30 a.m.-5:30 p.m.

Executive Offerings: 2 days self-study; 3 days in-class, 8:00 a.m. - 6:00 p.m. (days one and two); 8:00 a.m. - 5:00 p.m. (day three)

Credit: 3 CCIM Core Course Credits

Prerequisites: CI 101

Tuition:

Course Fee
Candidate	$1,090
Non-Candidate	$1,345

Challenge Program Tuition Fee
Candidate	$1,090
Non-Candidate	$1,345
International Candidate	$825
International Non-Candidate	$975

Required Calculator: Hewlett-Packard financial calculator. The HP-10B II is highly recommended because of its reasonable costs and because CCIM course materials illustrate the keystrokes of this model.

Laptop Computer Required: This course uses Excel® worksheets provided on a CD-ROM to help solve the class activities and for use on the final exam. Students who bring laptops to class and are familiar with Excel® will receive the most benefit from the course material.

Student Technology Requirements:
Please view the CI104 technology requirements.

Examination: An exam is administered on the final day of class. A score of 70% or higher is needed to receive CCIM course credit.

For additional information on CCIM courses, please complete our course information request form, call (800) 621-7027, or e-mail our customer service representatives.

Other Courses
CI Intro - Introduction to Commercial Investment Real Estate Analysis
CI 101 - Financial Analysis for Commercial Investment Real Estate
CI 102 - Market Analysis for Commercial Investment Real Estate
CI 103 - User Decision Analysis for Commercial Investment Real Estate
CCR - Course Concepts Review