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Investing in Commercial Real Estate Course

Wednesday, June 26, 2024 from 8:30 AM to 5:00 PM

Early Bird Registration before June 7, 2024 – GPAR member: $129.00 Nonmember: $149.00

After Early Bird Registration – GPAR member: $149.00 Nonmember: $169.00

Members Register here.

Nonmember registration can be made by emailing Jeanna Raleigh at jeanna@gpar.org.

Course Description: This course is designed to give the student a basic understanding of commercial real estate investment and analysis. The course is divided into two segments and is not eligible for CE credit.

Upon completion of this course the student will have the basic skills necessary to assess a commercial real estate investment. Learn in a traditional classroom environment from your instructor Byron Smith, Sr., Esq., CCIM who is a commercial real estate industry veteran with more than 46 years of experience. You will interact and network with other real estate professionals in a collaborative group setting.

The first part of the course addresses the following areas:

▪ Introduction to the HP10B-II calculator

▪ The investor and their investment objectives

▪ The risk/return spectrum

▪ The three phases of any real estate investment

▪ Commercial lease structures

▪ Calculating gross operating income, operating expenses,

net operating income and cashflow before taxes

▪ Commercial loan issues – loan amounts and debt service

▪ Types of commercial real estate financial analyses

The second part of the course addresses the following areas:

▪ Performing an economic analysis

▪ The cashflow components of a commercial real estate investment

▪ The cash flow investment model

▪ Multiple approaches to investment value and return

▪ One-year measures – gross rent multiplier, capitalization rate and cash-on-cash return

▪ Multi-year measures – Internal rate of return and discounted cashflow analysis

▪ A case study analysis that applies all of the above concepts