Practical Applications in Appraising Green Commercial Properties

Description

This two-day course introduces participants to a broad range of valuation problems encountered when appraising green commercial buildings, conventional buildings with green features, and conventional buildings in today’s markets that are increasingly influenced by sustainability and green building. Based on Appraisal Institute publication The Valuation of Green Commercial Real Estate, the course presents real-world case study examples from a variety of property types to help participants learn and apply credible valuation techniques for analyzing and reporting the degree to which green building and sustainability affect property value. 

 

As they apply the three approaches to value, participants will develop valuable insight and hands-on experience developing cost and income-based adjustments when sales data is lacking, identifying and analyzing rent and marketability premiums, evaluating operating cost impacts, and assessing risk effects. In addition, participants will learn how green building and sustainability affect scope of work development and highest and best use analysis for both green and conventional properties. The course also familiarizes participants with emerging topics such as net zero energy, distributed generation, wellness-based design, and resilience.

 

Notes. This course is in the Valuation of Sustainable Buildings Professional Development Program. View this list of FAQs, which includes information regarding the courses you’ll need to complete the program successfully.

Sponsor Date Location Delivery Format Check
State Approvals
 
Greater Oregon Chapter September 21-22, 2023 Wilsonville, OR Classroom  Check Register

Program State Approval & Hours

Some AI educational programs may not be approved in every state and every delivery format. To see a list of all state approvals across all formats for this course, please use the link below.

View all approvals for this course

Who should Enroll

  • Commercial real property appraisers
  • Residential appraisers who appraise complex properties
  • Developers
  • Underwriters and lenders
  • Public officials
  • Architects
  • Attorneys
  • Property tax assessors
  • Engineers and designers



Objectives

  • Identify and understand green building features and practices in both green and conventional commercial buildings.
  • Recognize and analyze the valuation effects of sustainability and green building for various commercial property types.
  • Develop and appropriately apply cost- and income-based adjustments when comparable sale data is lacking.
  • Assess the 4 areas where the green building is most likely to impact the income capitalization approach.
  • Correctly apply the cost approach to green improvements, including obsolescence adjustments.
  • Evaluate market demand for sustainable/green improvements and incorporate into the highest and best use analysis.
  • Develop an appropriate scope of work for green building assignments and for any property with green building features.
  • Benchmark and cross-check value indicators using alternative valuation techniques. 

Prerequisites


Exam

Yes, 1 hours

Level

Intermediate

Appraisal Institute CE Points

Attend: 150 AI Points,  Attend and Pass Exam: 200 AI Points,  Pass Only: 0 AI Points

Class Time

14 hours

Assignments

Yes. After you register for this class, please go to your Education and Events page for details on what you must complete BEFORE class begins.
 
To access your Education and Events page, log on to the Appraisal Institute website at https://ai.appraisalinstitute.org/eweb (click on the three horizontal lines to the left of the AI logo and select “My
AI Account” from the drop-down menu).
 

Program Overview


Required and/or Recommended Equipment

  • Required Textbook: Participants must purchase this book and bring with them to class: The Valuation of Green Commercial Real Estate
  • Laptop or tablet computer to access pdf version of the textbook and/or course handbook. A computer is NOT required if you will be referencing a print version of the textbook and/or course handbook.
  • Financial or conventional calculator to complete problems in class and on exam. The accepted model used in the course is the HP-12C.



System Requirements

None specified

Additional Information

Course Materials Include:

  • Course Handbook (346 pp.)
  • Pre-Class Memo (1 p.)
  • Opt-Out Form (1 p.)
This classroom course is approved for GBCI CE Hours by the USGBC.

You will be asked to clear the calculator’s memory before and after the examination. Only one calculator is permitted in the testing room. Examinees taking most AI exams may bring their own calculator to use during the exam. Laptops, cellular phones, tablets, iPads, wearable technology (smart watch, Apple Watch, Google Glass, etc.), and other devices that can store data or connect to the Internet are NOT permitted during the exam. In addition, all watches, wallets, bags, and purses must be removed and stored out of reach prior to taking the exam.


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