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Advanced Land Valuation: Sound Solutions to Perplexing Problems
December 5, 2019
Robert L. Moorman, MAI, SRA, AI-GRS
3131 Northwest Expressway
to check state approvals
Sponsor / Contact
By examining unusual and complex land valuation assignments, this seminar takes concepts covered in the Appraisal Institute curriculum to the next level. Besides lecture, discussion, and Q&A, sample case studies will demonstrate, primarily in Excel, conceptual and practical applications that participants will be able to incorporate into their day-to-day work. Suggested solution strategies for these assignments will be provided.
Upon completion of the seminar, participants should be able to
Utilize a land residual technique based on a DCF analysis to value land intended for two alternative competing uses (“for rental” apartments versus “for-sale” condos).
Determine the highest and best use of land when the legally permissible, physically possible, and financially feasible use(s) are very uncertain and cannot be determined using traditional methodologies.
Determine land value when its value is a function of a curvilinear relationship with its appropriate unit of comparison (in this case the value of land suitable for apartment development as a function of density).
Determine land rent using a non-traditional unit of comparison (in this case land rental value based on average traffic volume).
Estimate the value of land subject to a long-term ground lease with multiple forms of financial benefits accruing to the land owner.
If you plan on bringing a laptop, you will need to install
Excel Analysis ToolPak
. This add-in must be installed prior to class.
Market Analysis for Real Estate
, 2nd edition
The Appraisal of Real Estate
, 14th edition
The Dictionary of Real Estate Appraisal
, 6th edition
Laptops highly recommended
• Microsoft Excel 2010 or a later version loaded and operational. If you do not have Excel, you may download a free trial version
. Please note that this links to the latest version of Excel. There may be minor differences between versions.
• If you plan on bringing a laptop, you will need to install
Excel Analysis ToolPak
This add-in must be installed prior to class.
Note to Mac users:
The course will be taught in Windows using Excel 2013. You will need Excel 2011 or a later version. Microsoft does not support the Data Analysis Tool Pack in Mac Office Excel 2011; however, they do suggest free third-party add-ins with similar functionality.
For more information,
Up To 15 days prior to program start date, refund in full.
7 - 14 days prior to program start date, $50.00 cancellation fee.
Less than 7 days prior to program start date, forfeit of payment.
Up To 15 days prior to program start date, no transfer fee.
7 - 14 days prior to program start date, $25.00 transfer fee.
Less than 7 days prior to program start date, no transfer allowed.
Program Material Policy
Beginning 4 weeks before the offering start date, program material will be shipped directly to the student. If this material has been shipped and you request a registration cancellation, you will automatically be charged a $25.00 fee and you may keep the material. Once the fee is charged, your refund will be processed. Material returns are no longer accepted. Contact the offering sponsor for more information.
Cancel Offering, $25.00 material fee.
Program materials can be downloaded by the student or can be shipped directly to the student. If you choose to have the material shipped and do not receive your materials within 5 days before the offering start date, please call the sponsor to inform them.
200 W. Madison, Suite 1500, Chicago, IL 60606
888-7JOINAI (756-4624) |
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