Appraising Distressed Commercial Real Estate: Here We Go Again Date: November 6, 2009 Location: St. Paul, MN
Seminar Category Level Attendance Hours Current Price Note
Please register early
Location General [Gen] Intermediate 7.0 $ 190.00 Member $ 210.00 Regular After Oct 23, 2009 $ 25.00 Late Fee Name Continuing Education & Conference Center, University of MN St. Paul MN 55108
Sponsor / Contact Chapter Website Contact Name Email Phone Fax North Star www.northstarai.org Maribelle Cushman maribellec@aol.com (651) 633-0676 (651) 633-5956
Address 1890 Buford Ave. City State Zip
Click Here to check state approvals Instructor William T. Anglyn, MAI Description In keeping with its cyclical nature, the real estate market has once again moved toward a state of dissolution. In the current economic downturn, this timely new seminar provides critical insights on how appraisers, lenders, and investors will value distressed real estate. In Appraising Distressed Commercial Real Estate: Here We Go Again, learn how to analyze distressed development properties and improve commercial real estate under the present market conditions. Examine, in detail, specific steps to enhance distressed properties. Develop methods for arriving at a market-supported ―as-is‖ value forecast and in doing so, acquire techniques for enticing entrepreneurs, among other buyers. Discuss adaptive and alternative use on distressed properties that no longer support their current use by reviewing three examples that demonstrate the conversion process. Also, learn to accurately evaluate land values with limited direct comparables while you explore three unique case studies involving property in times of distress. At the end of this seminar participants will be able to Define key concepts associated with distressed real estate Analyze current trends affecting real estate values Explore the six basic steps involved in conducting a market analysis Review market consideration on distressed real estate Explore how capital markets (debt and equity) affect commercial real estate from a cost availability perspective Review basic physical and functional issues that cause real estate to become distressed Explore ―as-is‖ value concepts to more accurately analyze distressed real estate properties Distinguish between entrepreneurial profit and cost of capital Explore the concept of reflecting entrepreneurial profit as a dollar amount deduction Review adaptive-use potential on distressed properties Analyze and critique valuation methods on a failed subdivision
AICP members may be able to earn Certification Maintenance (CM) credits for this activity. Visit www.planning.org/cm for a list of approved offerings.
Equipment HP-12C Calculator—recommended, not required
Disclaimer Cancellation Policy Up To 15 days prior to program start date, refund in full. 7 - 14 days prior to program start date, $50.00 cancellation fee. Less than 7 days prior to program start date, forfeit of payment. Transfer Policy Up To 15 days prior to program start date, no transfer fee. 7 - 14 days prior to program start date, $25.00 transfer fee. Less than 7 days prior to program start date, no transfer allowed. Program Material Policy Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, a call tag will be issued for the return of this material. A registration refund will not be issued until the material has been returned. A few seminars allow for the purchase of program material. Contact the offering sponsor for more information. Cancel Offering, $75.00 material fee (if keeping program material).
Cancellations/Refunds: Requests for cancellation must be received at the Chapter Office. Confirmed students should not assume that cancellation has been granted until a confirmation has been received. Direct your e-mail requests to: maribellec@aol.com or fax: 651.633.5956. Event Cancellation: Although it is not the policy of the North Star Chapter to cancel an event, be it a course or a seminar, the North Star Chapter does reserve the right to cancel a course or seminar if the minimum enrollment level is not reached. Attendance: The Appraisal Institute enforces attendance requirements mandated by state licensing and certification regulatory agencies. The Appraisal Institute issues certificates for State Certification/Licensing or State Continuing Education credit that verify successful completion and attendance of 100% at the completion of the course or seminar. If Appraisal Institute records indicate attendance of less than 100%, the student’s certificate will reflect this, and state agencies may refuse to award credit. The North Star Chapter enforces the attendance requirements as mandated by the State of Minnesota. ADA Policy: If you have a disability and may require some accommodation at any event, please notify us in writing at least 2 weeks in advance and we will arrange for reasonable accommodations. Program/Material Policy: Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, a call tag will be issued for the return of this material. A registration refund will not be issued until the material has been returned. A few seminars allow for the purchase of program material. Contact the offering sponsor. • Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them. • IF YOUR SEMINAR MATERIAL WAS SENT DIRECTLY TO YOU, PLEASE MAKE SURE YOU BRING IT WITH YOU TO CLASS EACH DAY. ADDITIONAL SEMINAR MATERIAL WILL NOT BE AVAILABLE TO YOU AT THE CLASS. Program materials will be shipped directly to the student. If you do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them. Additional Information Seminar Schedule: Friday, November 6 - 8:00 am – 8:30 am - Registration; 8:30 am – 4:30 pm Lecture The Fees include Instruction, Seminar Materials, Coffee Breaks and Lunch. Credit: Appraisal Institute Continuing Education Credit: full attendance at the seminar: 7 Hours. State of Minnesota: 7 Hours of Appraisal Continuing Education approved. Real Estate Continuing Education Credit applied for. All courses and seminars will be held at the Continuing Education and Conference Center, 1890 Buford Ave., St. Paul, MN 55108 Hotel Information: Contact any of the following hotels and indicate you are attending a University of Minnesota course to
receive a discounted rate. • Radisson Hotel – Roseville: 651.636.4567 or toll free: 800.333.3333 www.radison.com/rosevillemn (The Radisson has complimentary shuttle service available to the Continuing Education and Conference Center, if you request the shuttle service when you make your reservation.) http://marriott.com/property/propertypage/SACFR • Holiday Inn Express – 651.636.5800 - Shuttle service is available please request when you make your reservation. 800-456-4000 • Four Points by Sheraton Minneapolis, 1330 Industrial Blvd., Mpls., MN 55413, 612-331-1900 – Shuttle service is available - please request when you make your reservation. • Fairfield Inn – 651.636.7869 (or 1-800-228-2800 telling them you would like reservations at the Roseville, MN Fairfield Inn) http://marriott.com/property/propertypage/SACFR • St. Paul-Days Inn Roseville – 651.636.5966 • Radisson Hotel Metrodome – 612.379.8888 • Map • Directions
North Star Chapter – Appraisal Institute
Presents:
Appraising Distressed Commercial R.E
November 6, 2009
Continuing Education and Conference Center 7 Hours -Full attendance at Course University of MN – St. Paul Campus Appraisal Institute approved 1890 Buford Ave., St. Paul, MN 55108 MN Appraisal & Real Estate CE 612-624-3275 Assessor - CEUs Please check your Appraisal Institute Membership status, or check Non-Member
______ MAI
______SRPA _______SRA ______Associate ______ Affiliate ______Non-Member
Name:_________________________________________________________________________ Company Name: _________________________________________________________________ Company Address: _______________________________________________________________ City: _________________________________ State: ________________ Zip:________________ Business Telephone: ______________________ Fax: __________________________________ E-Mail: ___________________________________________State Lic. #: ____________________ Fees: Appraising Distressed Commercial Real Estate: Here We Go (Fees Include- Seminar Materials, Instruction, LUNCH and Breaks)
Nov. 6, 2009 Registration – 8:00 am Lecture – 8:30 am – 4:30 pm – no exam
Member Appraisal Institute Non-Member Late Fee
$ 190.00 $ 210.00 $ 25.00 (after October 23) Total Due
$ __________ $ __________ $ __________ $ __________ MasterCard _____
Method of Payment: Check payable to NS-AI_____
Visa _____
Credit Card # _________________________________Expiration Date _________________ Billing Address ______________________________________________________________ Name on Card: ______________________________________________________________ Signature: __________________________________________________________________
*** Register Early as Seating is Limited *** Please complete and return with payment to: North Star Chapter – Appraisal Institute 1265 Josephine Road, Roseville, MN 55113 Credit card payments may be faxed to 651-633-5956 or register online: www.northstarai.org/education