Valuation Methodologies and the Use of Leverage Individual Course Module (AREF3)

This session begins by reviewing definitions for the cash flows for unlevered property and levered equity, along with defining total return, yield, growth and cap rate. Attendees will learn to recognize the appropriate measure for equity risk created by the presence of leverage and examine the relationships between leverage, and equity risk and return. Lastly, we’ll identify an appropriate levered rate of return for equity in a DCF framework.

If you would like to purchase the full course (all eight modules) instead of this individual module, please visit the full Advanced Real Estate Finance On-demand Course.

Individual Course Module Tuition and Registration

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

Course Tuition

Member TypeUSDCAD
Member$145$194
Nonmember$185$248
Developing Leader$110$147
Student Member$20$26
Student Nonmember$30$40


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.
  • Mail: Send check payments to: NAIOP, CL500060, PO Box 5007, Merrifield, VA 22116-5007
  • Register over the phone/questions: 800-666-6780
Note* - You have 60 days to complete this course.

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 on-demand course are sent under separate cover from NAIOP Learning. If you do not received the login instructions, please check your spam folder. If the login email is still not there, please contact the NAIOP Education Department.

Cancellation Policy

No refunds will be issued.

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Valuation Methodologies and the Use of Leverage Class Recording
Open to view video.
Open to view video. This session begins by reviewing definitions for the cash flows for unlevered property and levered equity, along with defining total return, yield, growth and cap rate. Attendees will learn to recognize the appropriate measure for equity risk created by the presence of leverage and examine the relationships between leverage, and equity risk and return. Lastly, we’ll identify an appropriate levered rate of return for equity in a DCF framework.
Valuation Methodologies and the Use of Leverage Presentation
Open to download resource.
Open to download resource.
CS1A-Stabilized Unlevered Property (Template)
Open to download resource.
Open to download resource.
CS1A-Stabilized Unlevered Property (Questions)
Open to download resource.
Open to download resource.
CS1A-Stabilized Unlevered Property (solution)
Open to download resource.
Open to download resource.
Homework - CS1B-Stabilized Levered Property (Template for students)
Open to download resource.
Open to download resource.
Homework - CS1B-Stabilized Levered Property (Questions for students)
Open to download resource.
Open to download resource.
Homework - CS1B-Stabilized Levered Property (Solutions)
Open to download resource.
Open to download resource.
Valuation Methodologies and the Use of Leverage Quiz
4 Questions  |  3 attempts  |  4/4 points to pass
4 Questions  |  3 attempts  |  4/4 points to pass This test is not required. You must get 4 out of 4 questions correct in order to pass the test. You have three attempts to pass the test.
Valuation Methodologies and the Use of Leverage Module Evaluation
7 Questions
7 Questions Please fill out this evaluation in order to get credit for the course.
Valuation Methodologies and the Use of Leverage Transcript
2.00 PDH, AIA Learning Units credits  |  Certificate available
2.00 PDH, AIA Learning Units credits  |  Certificate available