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.
Instructor: Stephen Roach, MAI, SRA, AI-GRS
AI Fee: $195, Standard Fee: $215
Approved 7 Hrs CE Credit Alabama Real Estate Appraisers Board
Approved 6 Hrs CE Credit Alabama Real Estate Commission
Consider staying over an extra day and attending the 2nd Annual Valuation Symposium to be held at Rosewood Hall that Friday April 26th.
We are excited to welcome back Steve Roach, MAI, SRA, AI-GRS, KC Conway, MAI, Chief Economist for the CCIM Institute, and Director of Research & Corporate Engagement with the Alabama Center for Real Estate, and John Norris, Managing Director of Wealth and Investments for Oakworth Capital Bank. It is also a true honor to announce that two former Alabama Chapter members will be returning to Birmingham to speak for us in 2019: Dr. Alan Tidwell, Associate Professor of Finance and Alabama Association of Realtors Chair of Real Estate Culverhouse College of Business, University of Alabama, and Joel Baxley, MAI, Administrator of Rural Housing Services, for the U.S. Department of Agriculture.
The Aloft Hotel is across the street from Rosewood Hall. There is a group rate of $139+tax per night. Deadline to book is April 3, 2019. Call to register at 1-877-822-1111, ask for Alabama Chapter Appraisal Institute April Meeting or Click Here. Rate is good for 4/24, 4/25, 2019