Real Estate Valuation Basics Class
About a year ago, my partner Jim Gannon and I volunteered to teach a continuing legal education class on real estate valuation. We thought that in the commercial real estate market we envisioned that it would benefit lawyers greatly to have some background in real estate valuation. We believed that in many cases lawyers would be the first point of contact for distressed borrowers and that an understanding of real estate valuation terms and techniques would be useful in triaging the casualties of the coming downturn. We didn't expect it to be a year before our class was scheduled, but neither did we think it would take so long for the downturn to play out. We also didn't anticipate that it would be as severe as it looks like it will be. Fate has colluded to make the class a potentially compelling forum, in our humble opinions
During the ensuing year from the time the class was conceived, we were able to not only put together what we think is a really useful curriculum, without too much heavy math, but we have also been able to add some fantastic panel participants to bring life to the material. So while Jim and I will discuss real property interests, valuation approaches, the commercial real estate pro forma, cap rates, underwriting metrics and other various and sundry elements to real estate valuation, we will also have 2 really interesting panel discussions to bring the materials to life. The first a panel on the New York City real estate market including Marty Levine of Metropolitan Valuation Services, one of the premier commercial appraisal firms in the city and Marc Shapiro a real estate attorney with leading law firm Orrick, Herrington & Sutcliffe. The second a panel on the Distressed Condominium Deal features Lee Spiegelman of PLP Companies, whose family has been in the real estate management, construction and ownership business in New York long enough to have managed properties for Freddie Mac in the 1980s and 1990s, as well as attorney Roger Roisman, of Tannenbaum Helpern, who among his varied real estate activities has recently worked with many buyers of New York City condominiums.
Fortunately, the class is open to non-lawyers, so if any Urban Digs readers have an interest in the class, by all means please attend. Come for the commercial real estate education, come for the no holds barred discussions on New York City commercial real estate trends, past present and future......or send your favorite lawyer so they can get their CLE credits (we all know they have time to spare these days).
To register call (212) 382 - 6663. Non-lawyers receive the bar member's price of $215. Tell them Jeff Bernstein sent you and you will receive a 15% discount. Proceeds go to the bar association.
Comments (3)
Does the discount also apply for JUST the materials (and not actual attendance)? I'm already a member of the NYC Bar but don't really have the time to make it in person.
Posted by In Debt We Trust | May 27, 2009 4:15 PM
I will find out and get right back.
Posted by jeff | May 27, 2009 8:02 PM
In Debt,
You can get the discount on the course materials if you mention my name.
Posted by jeff | May 29, 2009 9:50 AM