Illinois REALTORS® who want to understand commercial real estate development better can register for the CCIM Institute’s July class, “Introduction to Development Workshop,” in downtown Chicago.
The July 14-16 course will be offered to REALTORS® for $1,135, and will be held at the Levine Learning Center, 430 N. Michigan Ave., 8th Floor.
The course is part of the CCIM Development Specialty Track, which provides real estate developers, investors and consultants with an understanding of the resources and business practices required for successful development projects. The program is based on the Real Estate Development Matrix put together at the Johns Hopkins Carey Business School.
The course is scheduled to start at 8:30 a.m. each day. For more details, go to this site.
Dan Wagner (far left) leads a discussion about several topics, including the preservation of 1031 like-kind exchanges with tax reform.
REALTOR® Dan Wagner, treasurer-nominee for the Illinois REALTORS®, moderated a panel discussion at the Investment Program Association’s Executive Leadership Summit and Fly-in earlier this week in Washington, D.C.
The panel addressed the idea of tax reform and how to protect 1031 like-kind exchanges, as well as the impact of the Department of Labor Fiduciary Rule. Others on the panel included: Senior Vice President of the U.S. Chamber of Commerce David Hirschmann, Chief Executive Officer National Association of Real Estate Investment Trusts Steve Wechsler and CEO Financial Services Institute Dale Brown.
Wagner is senior vice president for government relations for the Inland Real Estate Group of Companies.
In other headlines:
One key to helping prospective real estate investors is recognizing and being able to easily explain the four financial benefits of owning a rental property, said Tom Lundstedt at the 2016 IAR Conference & Expo in Collinsville Thursday morning.
Lundstedt’s focus during his presentation, “A Residential REALTOR’S® Guide to Working with Investors,” was to help IAR members gain comfort with the idea of selling of real estate as investments. He started by listing the four financial benefits of rental properties as income, principal reduction, tax savings and appreciation. He went further by demonstrating to his audience how to use his Investment Property Worksheet.
By using the worksheet, he showed three different scenarios a REALTOR® could show to prospective customers: borrowing money to purchase a rental property, paying cash or using equity in the family home. The veteran trainer peppered his presentation with humor, joking about his own brief major league baseball career and wondering why only 4 percent of REALTORS® own investment property.
“We can’t even sell it to ourselves!” he quipped.
Lundstedt tackled a few myths that real estate professionals must overcome in their own understanding of investment properties.
He noted that his approach will work on any scale of investment property, from a tiny rental condo to a Chicago skyscraper.
He has earned the Certified Commercial Investment Member designation from the National Association of REALTORS®.
The National Association of REALTORS® released its Commercial Real Estate Outlook for the first quarter of 2016 today, with projections in four major commercial sectors and the analysis of data in the office, industrial, retail and multifamily markets.
To download or read it, visit NAR’s site now.
Illinois REALTORS® can register today for a Feb. 17 CCIM online course that will provide important information about commercial property used for senior housing.
The 90-minute course, titled “CRE Market Trends: Senior Housing Investment Overview,” starts at noon and ends at 1:30 p.m. Central Time. Richard “Rick” Lynn, associate of the National Seniors Housing Group at Marcus & Millichap in Oakbrook Terrace, Ill., will be the instructor.
Registration is $105 for CCIM members, $115 for REALTORS® and $125 for non-members. Get more details and sign up now.
The CCIM Institute is a professional organization for commercial real estate leaders who have proven success in the field and come from backgrounds in brokerage, banking, property management, law and accounting. Through the institute, members can continue to learn more about their profession and earn a CCIM designation.