This document provides an overview of principles of commercial real estate finance. It discusses key concepts like the primary goals and risks of real estate investments. These risks include changing operating costs, lease terminations, and shifts in market conditions for both acquiring existing properties and developing new properties. The document also outlines different types of real estate like residential, commercial, industrial and retail properties. Additionally, it defines important real estate metrics like gross and net square footage, floor area ratio, and physical versus economic occupancy. Finally, there is a section discussing risks and challenges to consider for international real estate investing.
In this free 30-minute session, we will answer the question: how does a real estate developer know what to pay for a piece of developable land? Participants will learn the basics of real estate development residual land valuation for both income-producing assets and unit sales assets, as well as the principles of valuation through comparable sales (comps). Participants follow along in Excel in real time and perform exercises to ensure they are grasping the lesson and are mastering the technical skills being taught. Participants are able to ask their questions in real time to have them answered by the Instructor on a rolling basis.
Commercial Real Estate - Leasing
How to right-size your commercial lease to fit your business plan. Negotiation techniques to protect the tenant's rights. Presented by International Properties Group principal George F. Donohue.
In this free 30-minute session, we will answer the question: how does a real estate developer know what to pay for a piece of developable land? Participants will learn the basics of real estate development residual land valuation for both income-producing assets and unit sales assets, as well as the principles of valuation through comparable sales (comps). Participants follow along in Excel in real time and perform exercises to ensure they are grasping the lesson and are mastering the technical skills being taught. Participants are able to ask their questions in real time to have them answered by the Instructor on a rolling basis.
Commercial Real Estate - Leasing
How to right-size your commercial lease to fit your business plan. Negotiation techniques to protect the tenant's rights. Presented by International Properties Group principal George F. Donohue.
“Bank Finance in Real Estate – Significance and Impact” (India)RITESH BAFNA
With over 8 years of Business Experience and having spent over 6 years with a revered name in Mumbai Real Estate "Vardhman Group", I was looking at an opportunity for sharing my observation about the impact and significance of Banks on Real Estate. As part of our Masters Program at JBIMS, I had to conduct a short study on a topic that interests me. This is where “Bank Finance in Real Estate – Significance and Impact” was created. Its a simple analysis and correlation of Banks and Real Estate in India.
Topics discussed by Dr. Peter Linneman:
- Does it all come to an end if interest rates rise?
- Is a recession just around the corner? What warning signs should we look for?
- What does the new Administration and Congress mean for real estate and the economy?
- Audience questions
- And more!
Description of Bizdev and Marcom services provided by Ailanthus Advance to ITC companies willing to set their footprint in the Iberia region (Spain and Portugal)
“Bank Finance in Real Estate – Significance and Impact” (India)RITESH BAFNA
With over 8 years of Business Experience and having spent over 6 years with a revered name in Mumbai Real Estate "Vardhman Group", I was looking at an opportunity for sharing my observation about the impact and significance of Banks on Real Estate. As part of our Masters Program at JBIMS, I had to conduct a short study on a topic that interests me. This is where “Bank Finance in Real Estate – Significance and Impact” was created. Its a simple analysis and correlation of Banks and Real Estate in India.
Topics discussed by Dr. Peter Linneman:
- Does it all come to an end if interest rates rise?
- Is a recession just around the corner? What warning signs should we look for?
- What does the new Administration and Congress mean for real estate and the economy?
- Audience questions
- And more!
Description of Bizdev and Marcom services provided by Ailanthus Advance to ITC companies willing to set their footprint in the Iberia region (Spain and Portugal)
International and European SEO - Pubcon 2008Ralf Schwoebel
This short intro to international SEO from the perspective of North American companies holds still some valid infos. I held this PPT on Pubcon 2008 and before it is lost on my drives, I publish it on Slideshare for the world to see. Maybe it gives you some ideas.
Provides practical tips on how to prepare to enter the marketplace with your product. Relevant for all start-ups that are still in a development phase and contemplating the various pieces that need to be in place for product launch.
Landing Zone by Daniel Walsh nuCognitiveDaniel Walsh
Product and service design teams don’t fail from a lack of ideas, they fail due a lack of focus and execution.
A Landing Zone is a clear, common, and cohesive way to document and communicate the definition of success for your team’s product or service.
This session from Product Camp Dallas introduced the concepts, use, and benefits of Landing Zones for products and services with multi-stakeholders in order to focus efforts on the vital few attributes required for success.
In this presentation, you will learn:
1. How to choose the right crowdfunding site among 100′s of sites
2. What successful crowdfunding sponsors are doing that most aren’t
3. How to position your deal on a crowdfunding site
4. What types of things do you need on your crowdfunding site
5. How to get investors to interact with your crowdfunding site
6. The single most important thing a successful site must have.
We solve real estate financial analysis problems for our clients. With REFM on your side, you can achieve clarity of vision, make smart decisions and present them confidently to your stakeholders. REFM’s expertise in Excel-based modeling for commercial real estate is unmatched. In addition, consulting is offered using REFM’s proprietary Valuate platform.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
4. Where Do The Primary Risks Lie?
• Development of an income‐producing asset or units for sale
(e.g., housing subdivision or condominiums)
• TO EDIT MASTER TITLE STYLE
CLICK Passage of Time! The world is today is not the world
tomorrow
• Construction costs
• Market turns against you
• Pricing
• Absorption (Leasing/Sales)
• Tenant base disappears
• Construction execution
• Land Purchase Price and Closing Timing
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6. Types of Real Estate
Residential Commercial
Detached single family homes Office Industrial
Townhomes Central Business District (generally highrise and midrise) Heavy industrial (manufacturing) facilities
Class A (e.g., The GM Building in NYC) Light assembly
Class B (increasingly lesser in quality and location) Storage and distribution facilities
CLICK TO EDIT MASTER TITLE STYLE Class C
Suburban (generally midrise)
Research and development facilities
Class A Retail
Class B Shopping centers
Class C Super regional centers (e.g., Mall of America)
Medical Office Regional center
Community center
Multifamily (apartments, condominiums and cooperatives) Neighborhood center
Small properties Convenience center
Suburban garden apartments Specialty center
Urban midrise Big box (freestanding) store (e.g., Home Depot)
Urban highrise Strip commercial
Hotels and resorts Other
Limited service Golf courses Land
Full service (e.g., The Ritz Carlton or Marriott) Assisted living Health Care
Extended stay Student housing Institutions
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7. Gross vs. Net Measurement
Building Footprint (building area at grade)
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20,000 SF
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8. Gross vs. Net Measurement
Ground Floor Plan - Rentable SF Other Than Retail: 0 SF!
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Service Corridor
Parking
Ramp
Fire Stairs
Retail
Service Corridor
Trash Lavatories
Public Plaza
Loading
Elevators
Area
Retail Lobby
• What is not shown here that further reduces Rentable SF?
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9. Gross vs. Net Measurement
Typical Single Tenant Plan - Rentable SF at 90% Efficiency
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Fire Stairs
Tenant Tenant Tenant
Office Lavatories Lobby/ Office
Space Reception Space
Elevators
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10. Gross vs. Net Measurement
Typical Multi-Tenant Plan - Rentable SF at 90% Efficiency
CLICK TO EDIT MASTER TITLE STYLE
Fire Stairs
Tenant 2 Lavatories Tenant 1 Tenant 1
Tenant 2
Office Lobby/ Lobby/ Office
Reception Elevators
Space Reception Space
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11. Gross vs. Net Measurement
Floor Type Floor Gross SF Efficiency Rentable SF Overall
CLICK TO EDIT Count
MASTER TITLE STYLE Efficiency
Ground Floor 1 20,000 GSF 45% 9,000 RSF
Single Tenant Floors 3 60,000 GSF 90% 54,000 RSF
Multi-Tenant Floors 1 20,000 GSF 90% 18,000 RSF
5 100,000 GSF 81,000 RSF 81%
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12. Floor Area Ratio (FAR)
• Better to think of it as Floor Area to Lot Size Ratio
• Dictated by the zoning of the property; limits the amount of
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above‐grade Gross SF that can be consumed by the building
• Calculated by multiplying the “FAR Ratio” by the Lot Size
• 8.0 FAR * 10,000 SF = 80,000 “FAR” (Gross SF) allowed
above‐grade
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13. Physical vs. Economic Occupancy
• Physically occupied vs. receiving rent
• Expansion space – not occupied but rent being
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paid
• Vacated space – not occupied but rent being paid
• “Free rent” – occupied but no rent being paid
• Bankruptcy – occupied but no rent being paid
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14. International Real Estate Investing
• Up to 60% of investment‐quality real estate lies
outside of the U.S.
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• The world’s tenant base is globalizing
• However:
• Markets are not as liquid as the U.S. market
• Information is scarce and unreliable
• The rules can change rapidly due to the
government
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15. International Real Estate Investing
• Unknowns are magnified
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• Foreigners are no less intelligent than you or I
• Local partners can hold the key, but this can backfire
on you if they renegotiate terms
• Currency risk becomes a variable
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