Real Property Investment Certificate Program

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), as well as 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. Attendees will be encouraged to participate in moderated class discussions.

Instructors:

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

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

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 virtual 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

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 virtual course takes participants through the feasibility analysis process from beginning to end along with exploring the role of each member of the development team including consultants and the community. The development of multiple property types are explored including mixed use incorporating case studies, lecture and discussion. In addition, the course will discuss financing and various sources of risking 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

The market for commercial real estate investment continues to evolve and integrate with broader investment and capital markets. This 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 virtual course is to introduce tools and refine concepts and techniques that will improve investment, financing and risk management decisions. The course will explore both the “micro-level” pertaining to individual properties and deals, and “macro-level” portfolio and investment management considerations. It is designed to be interactive, with attendees encouraged to participate 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

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 virtual 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

Become knowledgeable about the leasing process from experienced industry leaders on the owner/tenant/brokerage sectors in the Toronto leasing market. This course will allow attendees to examine the relationship between strategic leasing, asset values and real estate management. Registrants will learn from industry leaders about 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

The primary objective of this virtual 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, Co-CEO, Stonebridge Financial.

This course provides participants with a practical understanding of sustainability standards, regulations, risks and opportunities in the context of commercial real estate (across all major asset classes).

The curriculum includes a combination of instructor led content, guest speakers & group exercises to foster a collaborative learning environment and practical takeaways for attendees.

Instructors:

• Darryl Neate, VP, Sustainability, REALPAC
• Karen Jalon, VP, Sustainability, Energy & Smart Technology, Cadillac Fairview
• Rob Simpson, Senior Director, Sustainable Investment and Head of Climate Change Strategy, Ivanhoé Cambridge

This course will provide participants with a practical understanding of valuation methodologies and techniques in the context of all major asset classes and will include real world case studies and valuation modelling exercises. It will also address some of the key differences in valuation issues and techniques and their impact as well as emerging valuation trends and technologies.

Instructors:

Alice Dale, Sr. Director, Valuation Advisory, Altus Group

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