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Seminar: Extreme Appraising – Valuing CRE in a Down Market
November 15, 2021 @ 8:30 am - 4:30 pm
Instructor and Developer: Gary DeWeese, MAI
“Gary’s analysis comes from the real world. His examples are grounded in reality.”
– August 2020 Attendee
” . . . depth of analysis is a breath of fresh air to the usual mundane CE choices available.”
– May 2021 Attendee
Given the possibility of declines in the value of CRE as a result of COVID-19, this 7-hour seminar will address critical issues, often misunderstood even by experienced commercial appraisers, in valuing property in a declining market. It is based on a hypothetical case study property, a multi-tenant office building. The primary focus of the case study is to value the property “as is” and “when stabilized”, using all three valuation approaches.
- Overview of the Case Study
- Purpose and Summary of the Market Analysis
- Addressing Above-Market Lease with a Property Rights Adjustment
- Valuing the Property “As Is” Taking Into Account the Rent Up Adjustment and External Obsolescence
- Measuring Effective Rent for a Lease with Concessions
- Valuing the Property “When Stabilized” Taking into Account “External Obsolescence”
- Reconciliation and Wrap-up
A Special Note About Registering:
- Never attended an Appraisal Institute Offering or not yet updated your password / log-in since October 1, 2019 – follow these simple steps before registering.
- Those seeking credit from states outside of California are strongly encouraged to check directly with their state licensing board(s) to confirm that the specific state(s) will (1) accept virtual / classroom education, (2) accepts education from an out-of-state provider and/or (3) offers reciprocal credit since the offering is approved by the CA BREA.
- This virtual program is approved for 7-hours of Appraisal Institute, BREA and State Board of Equalization (SBE) CEC.
- Instruction will be held via Interactive Technology (ZOOM) and is based on the “live” classroom version that falls under the temporary exemption for virtual / classroom education due to COVID / SIP restrictions.
- It is the student’s responsibility to have the required equipment – dependable Internet access, computer, webcam and microphone, agrees that attendance will be monitored and to to forward their Photo ID/ Driver’s License to the Chapter Office upon completing your online registration.