Designed to analyze the real estate development process primarily from the perspective of the equity participant, the Commercial Real Estate Development course concentrates on the identification and evaluation of critical assumptions related to the financial feasibility, construction, and financing of economically viable commercial real estate developments. Inherent risk factors and ways to manage risk are also explored.
All phases of the development process are examined: idea conception, marketability, financial feasibility, contract negotiations, and debt and equity financing. During this intensive three?day course, prominent practitioners and real estate attorneys will join the lectures and review, in detail, two common contracts utilized in the development process—a Joint Venture (LLC) Agreement and a Construction Loan Agreement.
Participants will be able to:
- Identify the components of the real estate development process from the perspective of the investor
- Evaluate the critical elements of a real estate development in deciding to go forward or not
- Identify risk factors and ways to manage and price risk
- Analyze the financial feasibility of a real estate project
- Through team exercises, attendees will leave with a solid understanding of – and be more confident in negotiating, the terms of a Joint Venture (LLC) Agreement and a Construction Loan Agreement
Who should attend?
This course is applicable to a wide range of professionals across the real estate, banking, finance/investment, and insurance industries. Specifically, the course may be of interest to fund managers, investment portfolio managers, financial advisors, investment bankers, fixed-income analysts, financial risk managers, global financial market specialists, and professionals working in macroeconomic policy. More generally, this class can be valuable to anyone dealing with global financial markets and real estate investments.