Real Estate Investment and Finance 

Real Estate Investment and Finance is about understanding real estate investments and the financial value they give to a business. To achieve this understanding, you must learn about such financial statistics as net present values and internal rates of return, among others. The concepts behind capitalization, discounting, lifecycle costing, and value are equally vital. This course will provide you with the basic knowledge necessary to evaluate investment opportunities and to maximize the value of your current properties. To do this, you will learn the basics of investment mathematics.

You will need a financial calculator to apply what you learn. Therefore, as you study, the chapters will walk you through many calculations using the HP 10bII.* The last chapter of this coursebook contains a case study, with additional practical exercises, so that you can further apply what you have learned.

Upon successful completion of this course, learners will be able to:

• Understand the physical value and market value
• Determine a property’s economic value
• Finance investments and increase value
• Demonstrate a working knowledge of current tax laws, including capital gains and depreciation

*The coursebook is written for the following calculators: HP 10b, HP 10bII, HP 10bII+, HP12c, and HP 19bII. The HP 10bII, HP 10bII+, HP 12c, and HP 19bII calculators can be purchased online, by calling 1.888.999.4747, and in-office supply stores. Please note, the HP 10b calculator is no longer being produced by HP, but you can still find it in office supply stores and online.

Key topic areas: asset valuation and enhancement • costs and taxes • capitalization • site and building analysis • the appraisal process • discounted cash flow measurement • ownership vehicles • the basics of lending and current lending practice

Applies to:PMFP certificate FMA® and RPA® designations

INSTRUCTOR: Cary Fronstin, RPA,LEED GA, BOMA Fellow

The Design, Operation, and Maintenance of Building Systems, Part I 

The Design, Operation, and Maintenance of Building Systems, Part I provides information property and facilities managers will need to manage the ongoing operation and maintenance of building systems and to maximize building efficiency and cost-effectiveness. In this course, you will learn about building design and construction, project delivery, construction materials, and building systems, including HVAC, roofing, and plumbing systems, as well as ceilings, flooring, and interior walls.

Upon successful completion of this course, learners will be able to:

• Implement maintenance best practices for building systems to achieve efficiencies and cost savings
• Support maintenance of building structural components in the design and construction of facilities by selecting and recommending the appropriate materials
• Describe best practices for the design, operation, and maintenance of HVAC and plumbing systems
• Demonstrate working knowledge of the systems required for ensuring the preservation of a building’s structural integrity

Key topic areas:

building design and construction • construction materials • structural systems • heating, ventilating, and air conditioning • plumbing systems • the building envelope • building system controls • lifecycle costing • roofing • interior walls, ceilings, and flooring

Applies to: FMC and PAC certificates, FMA® and RPA® designations

INSTRUCTOR: Vinnie DelBorrello

Asset Management | 

Asset Management was developed to help property managers understand the role an asset manager fills in the commercial real estate world and how a property manager relates to asset management. If you are a facility manager, you will notice that day-to-day management of buildings is linked to property managers throughout this coursebook. In reality, you can interchange the term facility manager with property manager quite frequently.

You will become familiar with how to measure financial performance and perform critical due diligence for both acquisition and disposition of assets. You will also learn the unique challenges of handling troubled real estate owned (REO) properties, as well as how to select and oversee a property management firm.

Upon successful completion of this course, learners will be able to:

• Maximize market value for your properties and assets in any economic state
• Manage troubled properties for profitable transitions
• Recognize and seize opportunities missed by competitors
• Build wealth, diversify investment portfolios, and fund returns
• Take control of your assets and improve overall operational efficiencies

Key topic areas: developing an asset management plan, including appropriate resources associated with the current economy • measuring financial and operational objectives, including audits and reasons for them • managing and marketing strategies for retaining and attracting tenants • acquiring, disposing of, and evaluating troubled properties for sound decision making

Applies to:PMFP certificate, FMA® and RPA® designations

Instructor: Cary Fronstin, RPA,LEED GA, BOMA Fellow

Managing the Organization |

Managing the Organization will prepare you to manage and lead your organization through improved communication, motivation, relationship and team building, project management, problem solving, and decision-making skills. Managers who take this course will be able to further develop their group leadership and management techniques and abilities and analyze and improve their relationships with staff, colleagues, and owners.

Upon successful completion of this course, learners will be able to:

• Understand and demonstrate what motivates staff and how to use techniques to influence staff behavior
• Demonstrate the importance of communication and marketing and provide tools and techniques for the manager to accomplish
• Provide a framework for organizing the various functions associated with facilities management and the rationale for organization configurations
• Demonstrate the importance of problem-solving and provide problem-solving tools necessary for the manager to guide staff in problem-solving activities. Apply your learned skills and abilities to a sustainability-driven building upgrade case study

Key topic areas: management skills and tools • leadership styles and relationships • types of organizations • team building, leadership, and motivation • planning, controlling, and decision making • problem-solving techniques • project and change management • workplace safety and documentation

Applies to: FMA®, RPA®, SMA® designations

Instructor:Murray Greene, RPA, SMA, CPM, BOMA Fellow