If you’re involved in the valuation of commercial real estate, it’s crucial to know how the terms of a lease affect value. This NEW seminar goes beyond methodology to explore how to measure a property rights adjustment, the theory underlying the use of a leasehold yield rate (YLH) to value the leasehold, as well as the application of a property rights adjustment in all three approaches to value.
• How the terms of a tenant’s lease impact value—either positively or negatively
• Situations that require a valuation of a leasehold
• Methodologies in valuing a leasehold, including examples and exercises
• The impact of a leasehold in the valuation of property using all applicable approaches
• Challenges facing appraisers performing leasehold valuation assignments
Seminar materials will be distributed at seminar registration. Materials will not be shipped directly to the students. During the registration process, if you selected the option to receive the course material via download, please be reminded to load the materials on a laptop or tablet and bring the laptop or tablet to class with you.
The How Tenants Create or Destroy Value: Leasehold Valuation and its Impact on Value seminar is approved by the Nevada Commission of Appraisers for seven (7) hours of continuing education credit, Approval number, CE.0009195-A.
Certificates of attendance will be sent by the Appraisal Institute national office within 5-7 business days.
Instruction: 8:30 a.m. - 4:30 p.m.
Check-in and registration will begin at 8:00 a.m.
(Lunch on your own)
First American Title Training Room
7251 W. Lake Mead Blvd., Suite 100
Las Vegas, NV 89128
The following hotels are within close proximity to the First American Title (West Side) training room:
Courtyard-Las Vegas Summerlin
1901 N. Rainbow Blvd, Las Vegas, NV
702-646-4400 (0.47 miles away)
La Quinta Inn-Summerlin Tech Center
7101 Cascade Valley Ct., Las Vegas, NV
702-360-1200 (1.09 miles away)
7100 Cascade Valley Ct, Las Vegas, NV
702-360-5700 (1.09 miles away)
JW Marriott Las Vegas Resort, Spa & Golf
221 N. Rampart Blvd, Las Vegas, NV
702-869-7777 (2.52 miles away)
Santa Fe Station Hotel/Casino
4949 N. Rancho Dr., Las Vegas, NV
702-658-4900 (3.72 miles away)
There is not a negotiated room rate at these hotels and are only suggestions to properties located near the class site.