Session 1: Overviw of the Commercial Real Estate (CRE ...



COURSE OUTLINE:4699690554941 day 7 CPE credits001 day 7 CPE creditsCommercial Real Estate Analysis: From Fundamentals to theFuture of the IndustryOverviewThis course builds on your CRE skills and knowledge by providing you with an overview of the current CRE industry and a review of CRE valuation concepts. We will also review mortgage concepts, debt capital markets and discuss differences between construction lending and permanent financing for CRE properties. In addition, the program covers characteristics of lease contracts, securitization, and other financing techniques. We conclude with a discussion about global real estate investment and some of the new developments currently affecting the CRE industry and market, including real estate technology and Opportunity Zone investing.Learning ObjectivesUpon completion of this seminar, delegates will be able to:Understand the scope of the commercial real estate (CRE) industry within the context of the overall economySummarize CRE valuation concepts and investment return analysisDefine CRE mortgage concepts, including financial ratios and the use of those financial ratios in making prudent lending decisionsDiscuss the current status of debt capital markets for CRE as well as the securitization markets and other financing techniquesExplain the differences between construction lending and permanent financing for CRE properties, including “take-out” loans, “mini-perms” and non-recourse loansInterpret different lease types and contents including characteristics and legal aspects of leases as well as typical lease-related reservesDiscuss issues related to global real estate investmentUnderstand the effects of current technology and government regulation on the CRE industryWho Should AttendThis seminar is designed for beginning to intermediate level CRE staff. Users may include those who meet with clients, input data, analyze reports, or generate financial projections.Program LevelProgram Level: Basic-IntermediatePrerequisites: No pre-requisites, though delegates are expected to possess a working knowledge of real estate financeAdvance Preparation: NoneDelivery Method: Group-LiveAccreditation??Moody's Analytics is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: . Moody’s Analytics is accredited with the CFA Institute and the UK Solicitors Regulation AuthorityCommercial Real Estate (CRE) AnalysisSession 1: Overviw of the Commercial Real Estate (CRE) Industry Magnitude of the CRE industryCRE development overviewOverview of real estate capital marketsSession 2: CRE Valuation Concepts and Investment Return Analysis Capitalization rates (“going-in” and “exit” cap rates), Discounted Cash Flow (DCF) analysis and discount rates NPV, IRR (leveraged and unleveraged) and Equity Multiple (EM)Other investment analysis toolsSession 3: CRE Mortgage Concepts and Debt Capital Markets Review of financial ratiosPro forma cash flow and financial ratiosReview of “sizing” and “stressing” CRE loansDebt capital marketsGroup exercise using case studySession 4: Construction Lending vs Permanent FinancingConstruction lending basicsPermanent financingOverview of non-recourse lendingSession 5: Lease Contracts, Securitization and Other Financing TechniquesLease types and characteristics of leasesOverview of the securitization processJoint-venture ((JV) partnerships, REITs and Private-equity real estate fundsSession 6: Global Real Estate Investment and New TrendsGlobal real estate investment overview: Direct and indirect barriers to investment and other issues in cross-border investingCurrent technological trends and their effects by property typeBlockchain for CRE and Opportunity ZonesGroup exercise using case study ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download