Real Property Investment Certificate Program

Development is a critical component of community building. The development business is multi-disciplinary where the developer brings one or more of finance, entitlement, marketing, and deal making expertise to the table along with access to capital.

This course takes participants through the feasibility analysis process from beginning to end and explores the role of each member of the development team including consultants and the community. The development of multiple property types is explored (including mixed use) and case studies, lecture, and discussion are all incorporated. In addition, the course will address financing and various sources of risk in all aspects of the development process.

Instructor:

Dr. Avis Devine, Associate Professor, Brookfield Centre in Real Estate and Infrastructure, Schulich School of Business, York University

Valuation plays a key role in nearly all decisions related to commercial real estate. This course will provide vital practical information on the valuation process to assist asset managers, leasing and investment brokers, underwriters, mortgage lenders, investors, and developers who are faced with complex decisions that impact asset values.

Participants will gain a practical understanding of valuation methodologies and techniques in the context of all major asset classes, including real world case studies and valuation modelling exercises. Key differences in valuation issues and techniques and their impact as well as emerging valuation trends and technologies will be addressed.

Instructors:

Michael Wootton, Vice President, Central Canada, Altus Group

This course is being offered in collaboration with Altus Group (external link, opens in new window) .

The market for commercial real estate investment continues to evolve and integrate with broader investment and capital markets. This two-day course combines theory and industry practice to examine current topics and emerging issues in the increasingly complex world of real estate finance and investment.

The primary objective of the course is to introduce tools and refine concepts and techniques that will improve investment, financing, and risk management decisions. Participants will explore both the "micro-level” pertaining to individual properties and deals, and "macro-level” portfolio and investment management considerations.The course is designed to be interactive with participants encouraged to share their knowledge, perspectives, and insights during lectures and case studies.

Instructor:

Dr. Jim Clayton, Professor & Timothy R. Price Chair, Brookfield Centre in Real Estate & Infrastructure, Schulich School of Business, York University

Real estate asset management is a complex and diverse function that has evolved over the past few decades to emerge as an integral area of practice within the world of commercial real estate. There are many approaches, definitions, and models of asset management, and the skills required of and functions performed by an Asset Manager depend on several variables of a portfolio, including: the size and scale of an organization; the number and type of assets under management; the business goals of the owners (e.g., current income vs. capital gain); and the nature of the mandate (internal or outsourced to a third party).

Asset management continues to expand in order to help deal with the numerous and varied issues between owners, consultants, property managers, accountants, tenants, capital markets, and regulatory authorities. This course will feature case studies and group exercises. Participants will be encouraged to engage in moderated class discussions.

Instructors:

Peter McFarlane, SVP, Investment Management Operations, Fiera Real Estate

Theresa Warnaar, SVP, Retail & Asset Resilience, KingSett Capital

Commercial real estate is an industry where law and business are intertwined. Title and tenure, planning and land use regulation, and legal contracts such as leases, purchase agreements, construction contracts, loan documents, and development agreements play a major role in creating cash flows, reducing risk, ensuring compliance, and ensuring desirable outcomes. Get it wrong, and losses and costs can mount and risks can increase. Understand the legal side, and avoid or substantially reduce risk in real estate transactions.

This course will focus on the legal underpinnings of real estate, regulatory controls over real estate, and legal best practice in effecting transactions including purchase and sale, leasing, financing, construction, and development.

Instructors:

David Carter, Partner, Grechi Carter

Real estate capital markets have evolved over the past 15 years to include more sophisticated and diverse capital structures and investment opportunities in private and public markets, with institutional ownership taking on an increasing presence in the marketplace. Key players in the real estate sector have expanded to include mutual fund managers and equity capital markets participants along with the analyst community playing an active role, and public company managers and their boards placing increasing importance on sound corporate governance.

This course will discuss various ways of raising capital across the real estate sector, REIT vs. corporate structures, the IPO process, related valuation and performance measurement concepts in the public markets, and current issues facing the capital markets with a focus on governance. In addition, this course will utilize a combination of lectures, guest speakers, and mini case studies designed to replicate actual day to day experiences of various market participants.

Instructor:

Stephen Sender

The primary objective of this course is to identify and understand the goals and underwriting methods of Real Estate Lending and explain the rationale behind why varying structures and approaches are used by different lenders.

In addition, the curriculum will include a combination of theory and practice, providing “real world” financing examples from within the Canadian marketplace as well as comparing it with other markets, together with utilizing a combination of lectures, interactive panel discussions, and business cases to provide students with a fulsome and interactive learning experience.

Instructor:

Daniel Simunac, Managing Director & Principal Officer, Raymond James

Learn about the leasing process from experienced industry leaders in the owner/tenant/brokerage sectors of the Toronto leasing market. This course will allow attendees to examine the relationship between strategic leasing, asset values, and real estate management. Participants will gain knowledge around the importance of structuring sound leasing transactions to leverage the value of the workplace and return value to the enterprise.

Instructor:

John Peets, VP, Office Leasing, Oxford Properties