Basic Real Estate Finance 2020 Online Course

Includes a Live Event on 08/12/2020 at 11:45 AM (EDT)

Course Dates: 
Wednesdays, August 12 - September 30, 2020
Noon - 2:00 p.m. eastern time

Basic Real Estate Finance 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 investments, 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. It will therefore emphasize fundamentals and will not delve into more complex issues that are covered in NAIOP's Advanced Real Estate Finance course

Learning Objectives

  • Defining "space markets" and "capital markets"
  • Identifying the four quadrants of the capital market
  • Developing an operating statement
  • Understanding capitalization rates
  • Differentiating capitalization rates from total yield
  • Defining and calculating net present value (NPV)
  • Defining and calculating unlevered internal rate of return (RR)
  • Differentiating between gross leases and net leases
  • Incorporating tenant reimbursements into the operating statement
  • Identifying the factors that cause capitalization rates and discount rates to change over time
  • Identifying sources of discount rate and capitalization rate data
  • Examining the relationship between leverage and risk
  • Calculating loan payments and loan balance

Tuition & Register

Payment for a NAIOP online course entitles access for one person only to the course and all materials.

Course Tuition

Member TypeUSDCAD
Member$795$1,059
Nonmember$995$1,325
Developing Leader$595$792
Student Member$95$126
Student Nonmember$145$193


How to Register

  • Register online: Click on the green Register button at the top of the page. You will need to log in or create a free account in order to see the Register button.
  • Fax: Complete the PDF registration form and fax to 703-904-7003
  • Mail: Send check payments to: NAIOP, CL500060, PO Box 5007, Merrifield, VA 22116-5007
  • Register over the phone/questions: 800-666-6780

Confirmation

All registrations processed online receive an automatic order confirmation and receipt. If you register via fax, mail, or phone, a receipt must be requested by contacting education@naiop.org.

Login instructions to access the online course are sent under separate cover. If it is less than one week until the start of the course and you have not received the login instructions, please check your spam folder. If the login email is still not there, please contact the NAIOP Education Department at education@naiop.org.

Cancellation Policy

All cancellations must be in writing. Cancellations of registrants received after July 28, 2020, will be charged a fee of $100 per attendee. Cancellations received after August 4, 2020 will forfeit the registration fee. No refunds will be made for no-shows. Substitutions are permitted until August 4, 2020. Nonmembers substituting for members will pay the difference in fees. Cancellation/substitution notices should be sent to education@naiop.org or faxed to 703-674-1471.

Key:

Complete
Failed
Available
Locked
BREF20 Module 1 - Introduction to Space Markets and Capital Markets
BREF20 Module 1 - Introduction to Space Markets and Capital Markets Live Class
08/12/2020 at 11:45 AM (EDT)   |  135 minutes
08/12/2020 at 11:45 AM (EDT)   |  135 minutes This session focuses on the relationship between the space market and the capital market, which will be used as a framework for the entire course. We'll also discuss why real estate is a unique asset class and identify major property types and classifications along with key real estate investors. In addition, this session will introduce the four quadrants of the capital market, discuss investment strategies and examine historic real estate returns.
BREF20 Module 1 Evaluation
1 Question
BREF20 Module 2 - Real Estate Valuation Using Direct Capitalization
BREF20 Module 2 - Real Estate Valuation Using Direct Capitalization Live Class
08/19/2020 at 12:00 PM (EDT)   |  120 minutes
08/19/2020 at 12:00 PM (EDT)   |  120 minutes This section will focus on the basic structure of a real estate operating statement and how capitalization rates are used in conjunction with the operating statement to derive an estimate of value.
BREF20 Module 2 Evaluation
1 Question
BREF20 Module 3 - Real Estate Valuation Using Discounted Cash Flow Analysis
BREF20 Module 3 - Real Estate Valuation Using Discounted Cash Flow Analysis Live Class
08/26/2020 at 12:00 PM (EDT)   |  120 minutes
08/26/2020 at 12:00 PM (EDT)   |  120 minutes In this section, we will differentiate discounted cash flow analysis from direct capitalization when the technique is presented to provide students with a clear understanding of the relationship between the two approaches to valuation.
BREF20 Module 3 Evaluation
1 Question
BREF20 Module 4 - Real Estate Leases
BREF20 Module 4 - Real Estate Leases Live Class
09/02/2020 at 12:00 PM (EDT)   |  120 minutes
09/02/2020 at 12:00 PM (EDT)   |  120 minutes This section will cover the legal aspects of real estate leases and focus on how each type of lease structure influences cash flow/value.
BREF20 Module 4 Evaluation
1 Question
BREF20 Module 5 - Determinants of Real Estate Returns
BREF20 Module 5 - Determinants of Real Estate Returns Live Class
09/09/2020 at 12:00 PM (EDT)   |  120 minutes
09/09/2020 at 12:00 PM (EDT)   |  120 minutes Capitalization rates and discount rates will be broken down into their component parts to help students estimate potential changes in the rates over time.
BREF20 Module 5 Evaluation
1 Question
BREF20 Module 6 - Introduction to Debt Financing
BREF20 Module 6 - Introduction to Debt Financing Live Class
09/16/2020 at 12:00 PM (EDT)   |  120 minutes
09/16/2020 at 12:00 PM (EDT)   |  120 minutes This session will emphasize mortgage terminology and basic skills such as calculating mortgage payments and balances in this module. We'll also discuss the relationship between leverage and investment risk.
BREF Module 6 Evaluation
1 Question
BREF20 Module 7 - Leveraged Real Estate Investments
BREF20 Module 7 - Leveraged Real Estate Investments Live Class
09/23/2020 at 12:00 PM (EDT)   |  120 minutes
09/23/2020 at 12:00 PM (EDT)   |  120 minutes Leverage is incorporated into the reconstructed operating statement in this section to analyze the financial performance of a real estate investment.
BREF20 Module 7 Evaluation
1 Question
BREF20 Module 8 - Analyzing Debt Financing Options
BREF20 Module 8 - Analyzing Debt Financing Options Live Class
09/30/2020 at 12:00 PM (EDT)   |  120 minutes
09/30/2020 at 12:00 PM (EDT)   |  120 minutes We'll discuss the skills necessary to estimate the maximum loan amount a property will support and to choose between financing options with different terms.
BREF Module 8 Evaluation
1 Question
End of Course Items