Welcome to Commercial Real Estate Fundamentals

Video 12 minFree preview

You are viewing a free preview. This course is included with club membership. Join the Club

Commercial property is valued on leases. Learn lease structures (NNN, gross, modified gross), tenant credit analysis, WALT, rollover risk and how sector fundamentals affect cap rates.

What you will be able to do

Distinguish NNN, gross and modified gross leases
Analyze tenant credit and lease rollover
Value commercial property with direct capitalization
Compare risk across property sectors

Office, retail, industrial and self-storage — leases, tenants and valuation.

Next Lesson

Course progress

0 of 21 lessons · 3h 25m

Certificate: Counts toward path
Course length: 3h 25m

Lessons

1. Introduction
- Welcome to Commercial Real Estate Fundamentals12m
- Course Roadmap and Completion Requirements8m
- How to Get the Most from This Course8m
2. Core Principles
- The Four Sources of Real Estate Return12m
- Net Operating Income and Cap Rate8m
- Cash-on-Cash Return and DSCR12m
- Knowledge Check5m
3. Deal Structure
- Choosing a Financing Structure12m
- Down Payment, Reserves and Leverage8m
- Ownership Entities and Title12m
4. Financial Analysis
- Building a Pro Forma12m
- Estimating Expenses Realistically8m
- Valuation with Comparable Sales and Income12m
5. Risk Management
- Identifying Property-Level Risks12m
- Market and Liquidity Risk8m
6. Real-World Examples
- Example: A Single-Family Rental Underwritten12m
- Example: When the Numbers Look Too Good8m
7. Case Study
- Case Study: The Midwest Duplex13m
- Case Study Debrief: What the Numbers Missed8m
8. Final Assessment
- Final Assessment5m
- Applied Assignment10m

Instructor

Elena Castillo, CCIMManaging Director, Meridian Multifamily