Portfolio and Asset Management
Collapse 21st Century Real Estate Portfolio Management: Risk Management in the Age of Derivatives
This new program will address how real estate risk can be mitigated using financial products, e.g. derivatives, on a portfolio level.  The webinar will review the current state of real estate and how the asset classes are evolving since the 2006 formation of derivative products trading on real estate indices.  The question, “what will real estate look like in the future,” will be the focus.

The first portion will cover real estate as an asset class and the discipline of applying portfolio fundamentals to a physical real estate portfolio.  The second part will cover new financial products available to real estate portfolio managers and owners for managing and mitigating risks on the physical assets.  A brief overview of futures pricing will be covered at the end to provide a perspective of future direction on real estate pricing and how the capital markets are used for forward price discovery.

Who Should Attend:
  • Current owners of real estate (multiple sites)
  • Current investors/purchasers/analysts
  • Financial Officers responsible for corporate, portfolio and project risk management
  • Capital providers (equity and debt)

Formats Available: Streaming
Original Program Date: November 17, 2010
On-Demand Release Date: Available Now
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Collapse ABCs of Commercial Real Estate Bankruptcy
Bankruptcy is a ubiquitous term in the commercial real estate business lexicon.  However, relatively few professionals have a fundamental understanding of this somewhat arcane part of the business world and the rights and risks conferred when a bankruptcy petition is filed.  This new ULI webinar will provide an informative primer on the different types of bankruptcy cases (Chapter 7, 9, 11, 12, 13) that can be filed, and the implications they can hold for various stakeholders.  The program will address the rights, risks, and remedies that exist from the perspective of lenders, owners, tenants, vendors, and borrowers. Delivered by a non-attorney, this program will explain the basic processes and procedures associated with a commercial real estate bankruptcy in a clear and succinct manner. This informative program will help you prepare for what is often an unexpected and perplexing business event.

Program highlights: 

  • Overview of the bankruptcy process
  • Risk quantification for stakeholders (landlords, lenders, tenants, vendors)
  • Timelines – the order of events
  • Types and priority of claims
  • Business operations during the bankruptcy process
  • Reorganization and liquidation plans
  • Plan confirmation standards
  • Cramdowns
  • Single Asset Real Estate (SARE) cases
  • 1111b elections and their implications for creditors
  • Examples and outcomes

Formats Available: Streaming
Original Program Date: November 17, 2014
On-Demand Release Date: Available Now
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Collapse Creating Reliable Valuations for Distressed Assets
The continuing stagnation of the commercial real estate market since the last quarter of 2007 has resulted in a marked absence of comparable sales upon which to base value.  And yet, investors, brokers, lenders, appraisers, and receivers are consistently asked to give valuation advice.  Is there a way to deliver good valuation analysis in a world void of comps?  Yes there is, and this webinar is designed to help you get there.

Who Should Attend:
  • Real Estate Investors
  • Real Estate Brokers
  • Lenders
  • Receivers
  • Property Managers
  • Attorneys
Formats Available: Streaming
Original Program Date: February 16, 2011
On-Demand Release Date: Available Now
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Collapse Pro forma Modeling with Excel: The Investment Pro forma (April 2017)

This introductory course is a four-part online workshop that guides students through the construction and manipulation of a basic multifamily investment pro forma. The program is geared toward individuals who have never completed a pro forma from scratch. Starting from a blank spreadsheet, students will receive step-by-step direction in the creation of this investment pro forma. At the conclusion of the last session, participants will have completed their own investment pro forma and will have gained a new appreciation for how valuation and investment decisions are made. Each session of the workshop is designed to build on the previous one, and each participant will have a completed pro-forma model at the conclusion. Participants are expected to use learned skills to independently build individual sections of the model. However, the completed stages will be distributed at the end of each session. 

All participants will receive access to the recording of each session. 

Students Will Learn
  • How to identify the relevant project data required to begin crafting a pro forma;
  • Basic to intermediate Excel skills needed to model an industry-accepted pro forma;
  • Basic components of an investment pro forma:
    • Inputs
    • Amortization
    • Pro-forma income cash flows
    • Valuation.
  • How to construct an amortization table to accommodate three loan types: Constant Payment Mortgage (CPM), interest only (IO), and custom amortization and;
  • How to property format a Pro Forma for an Investment Template.
Formats Available: Streaming

Approved Credit:
  • ULI: 8.00 hours Attendance

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    Collapse Underwriting Office and Multifamily Real Estate Investments

    Held over two sessions, this new online live program will introduce students to a process-oriented approach for evaluating office and multifamily investments from a physical and financial perspective. Each session will introduce theoretical investments and lead participants step by step through the areas of highest importance when evaluating these two product types for investment. Particular focus will be paid to underwriting the physical product, the surrounding market and existing tenancy, and the implications of these on the cash-flow development process. Instruction will be provided through case study materials that simulate the information and data one would receive in a typical transaction. Participants will conclude the workshop with a much more refined understanding of how to engage in a thoughtful process for evaluating an office or multifamily asset for acquisition. Each person will also receive a checklist of critical items to consider when underwriting an office or multifamily asset in the future.

    Formats Available: Streaming
    Original Program Date: August 09, 2016
    On-Demand Release Date: Available Now
    MORE INFOMORE INFO Underwriting Office and Multifamily Real Estate Investments