
Explore what defines an office property, focusing on white-collar use, long-term leases, and capital-intensive needs to attract top talent; learn about operating expense reimbursements and varied office property types.
Developers build multi-story downtown offices to maximize leasable area, command higher rents on top floors with city views, and weigh land costs, parking, and floor area ratio.
Explore how floor area ratio governs density and profitability by capping usable floor area, and examine how floor plates influence tenant mix, marketability, and stacking plans for multi-storey office projects.
Learn the key office value drivers that shape demand and rents, from proximity to employment bases and dense populations to desirable campus amenities, views, and building prestige.
Identify key value drivers in industrial deals, including ceiling and clear heights, bases and column spacing, loading doors, dock height, cross docking, and how tenant desirability affects rents and value.
Partner with a tenant to build-to-suit an industrial facility that meets specifications, while the developer acquires land, constructs the building, retains ownership, and leases long-term to a single user.
Identify value drivers in industrial deals by prioritizing proximity to population bases, transportation access, and building specs with clear height and loading doors to boost tenant appeal and value.
Understand how common area maintenance costs cover repairs, cleaning, landscaping, security, and utilities in office and industrial properties, and how investors renegotiate contracts and improve efficiency to boost noi.
Compare a 25-year amortization with a 10-year term to show how payments and a balloon payment affect cash flow in office and industrial real estate loans.
Renewal probability drives revenue assumptions in the pro forma, shaping cash flows, vacancy, and property value through turnover, reimbursements, and leases.
Estimate capital costs with a general contractor and property condition assessment, set capital expense reserves, and model debt assumptions—loan amount, rate, amortization, and refinances—in the pro forma.
Identify and apply sale assumptions in commercial real estate underwriting, focusing on hold period, exit cap rate, and how cap rate changes affect future sale value.
Interested in learning how to analyze office and/or industrial real estate investments? This course was designed to take you from zero to hero in office and industrial real estate investing, After taking this course, you will be able to confidently analyze an office or industrial real estate deal, whether you're looking to buy a property on your own, invest with partners, or land a job with a top office or industrial real estate private equity firm.
This curriculum was specifically designed with the following people in mind:
Aspiring commercial real estate investors who want to buy bigger properties with less headache - Office and industrial properties are generally larger and often entail fewer headaches than a single-family home investment, a fourplex, or even a small apartment building. The longer lease terms and business-oriented tenant base allows investors to take a more hands-off approach to office or industrial than residential real estate investments.
Students or career switchers who want to land a job in office or industrial real estate private equity - According to CEL & Associates, the 2021 median total compensation for an office/industrial acquisitions associate was $146K per year. This course will teach you the fundamental office and industrial product-specific skills and knowledge you won't be able to find anywhere else.
Passive real estate investors looking at investing in office or industrial real estate deals - Office and industrial deals can be extremely lucrative - long-term contractual lease obligations limit downside in the case of market corrections, operating income can be far more predictable than a single-family or multifamily real estate investment, and massive returns within short periods of time are very possible with lease-ups of large portions of a property's square footage. But as a passive investor, do you really know what you're getting yourself into? Is the property you are looking at a "good" deal? This course will teach you the main things you need to look out for when investing in an office or industrial real estate investment deal.
You'll also get a complete "done-for-you" office/industrial acquisition model included with your enrollment, so you can practice everything you've learned in the course in a full pro forma model. And with Udemy's 30-day money back guarantee, you can try the course out completely risk-free.
See you on the inside!