Basic Real Estate Finance: Understanding Your Proforma
May 19-20, 2010
Hilton Garden Inn Atlanta Downtown
Atlanta, Ga.
Basic Real Estate Finance: Understanding Your Proforma is designed to provide entry-level professionals with the skills necessary to analyze the financial feasibility of real estate investment opportunities. It provides a step by step approach for completing a financial feasibility analysis. Students will become more familiar with real estate market participants, valuation fundamentals, determinates of real estate returns, the impact of leverage on real estate investment and interactions between the real estate space market and the capital market. This course is ideal for developers, asset managers and owners who have very little financial analysis experience. The course will emphasize fundamentals and is recommended to be taken prior to NAIOP's Advanced Real Estate Finance course.
Basic Real Estate Finance: Understanding Your Proforma's learning objectives include:
- Identifying the four quadrants of the capital market
- Calculating capitalization using market extraction
- Defining and calculating unlevered internal rate of return
- Estimating a property's cash flow from operations over a holding period
- Differentiating between gross leases and net leases
- Identifying sources of discount rate and capitalization rate data
- Incorporating debt financing into a pro forma
- Examining the impact of prepayment on lender's yield and effective borrowing costs
Faculty: Richard Buttimer, Professor, University of North Carolina, Charlotte
Professional Development Hours (PDH) - 16 hours
Continuing Education Units (CEUs) - 1.6 units
AIA/CES Learning Units - 15 units
Attendees may sign in on site to request transcripts for their coursework to submit to state or local licensing authorities.
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