The Guide To Office & Industrial Real Estate Investing

Course Curriculum

Chapter 1: Introduction

Lecture 1: Welcome!

Lecture 2: Who This Course Is For

Lecture 3: About The Instructor & Student Success Stories

Lecture 4: Download Me First!

Lecture 5: Disclaimer

Chapter 2: Office Properties

Lecture 1: Office Property Overview

Lecture 2: High-Rise vs. Suburban Office

Lecture 3: Creative Office & Co-Working

Lecture 4: Medical Office

Lecture 5: The Case For Multi-Story Office

Lecture 6: FAR & Floor Plates

Lecture 7: The Stacking Plan & Loss Factor

Lecture 8: Office Value Drivers

Lecture 9: Office Investment Opportunities

Lecture 10: Office Investment Risks

Chapter 3: Industrial Properties

Lecture 1: Industrial Property Overview

Lecture 2: Manufacturing

Lecture 3: Warehouse

Lecture 4: Flex Space

Lecture 5: The Details That Matter

Lecture 6: Ceiling & Clear Height

Lecture 7: Column Spacing & Bay Size

Lecture 8: Loading Doors & Cross Docks

Lecture 9: Truck Courts

Lecture 10: Build-To-Suit

Lecture 11: Industrial Value Drivers

Lecture 12: Industrial Investment Opportunities

Lecture 13: Industrial Investment Risks

Chapter 4: Office & Industrial Revenue Drivers

Lecture 1: The In-Place Leases

Lecture 2: NNN & FSG Operating Expense Reimbursements

Lecture 3: MG & BYS Operating Expense Reimbursements

Lecture 4: Lease Modeling & Renewal Probability

Lecture 5: Weighted Average Lease Modeling

Lecture 6: Credit Loss

Chapter 5: Office & Industrial Expense Drivers

Lecture 1: Property Taxes

Lecture 2: Insurance

Lecture 3: Common Area Maintenance (CAM)

Lecture 4: Property Management Fees

Chapter 6: Office & Industrial Capital Expense Drivers

Lecture 1: Tenant Improvements & Leasing Commissions

Lecture 2: TIs & LCs Excel Exercise

Lecture 3: Capital Expense Reserves

Chapter 7: Office & Industrial Debt Financing

Lecture 1: Sourcing The Loan

Lecture 2: Key CRE Loan Terms

Lecture 3: Loan Amortization vs. Term

Lecture 4: Interest-Only Periods

Lecture 5: Good News Money

Lecture 6: Prepayment Penalties

Lecture 7: Loan Sizing

Lecture 8: Loan Sizing Excel Exercise

Lecture 9: Loan Covenants

Chapter 8: The CRE Underwriting Process

Lecture 1: Gathering Property Data

Lecture 2: The Offering Memorandum (OM)

Lecture 3: The Rent Roll

Lecture 4: The T-12

Lecture 5: The ARGUS File

Lecture 6: The Leases

Chapter 9: Modeling The Deal

Lecture 1: The Pro Forma Model

Lecture 2: Adding In-Place Data

Lecture 3: Modeling Assumptions

Lecture 4: How To Make Underwriting Assumptions

Lecture 5: Revenue Assumptions

Lecture 6: Operating Expense Assumptions

Lecture 7: Capital Cost & Debt Assumptions

Lecture 8: Sale & Partnership Assumptions

Chapter 10: Deal Analysis & Valuation

Lecture 1: 4 Key Return Metrics

Lecture 2: The Cap Rate

Lecture 3: The Internal Rate of Return (IRR)

Lecture 4: The Equity Multiple

Lecture 5: The Cash-on-Cash Return

Lecture 6: Target Return Metric Valuation

Lecture 7: Alternative Valuation Methods

Lecture 8: Return Targets To Shoot For

Lecture 9: Capital Risk Buckets

Lecture 10: Capital Risk Bucket Examples

Chapter 11: Office & Industrial Equity Financing

Lecture 1: JV Partnerships

Lecture 2: Fee Structures

Lecture 3: Waterfall Structures

Lecture 4: Fee & Waterfall Structures Excel Exercise

Chapter 12: Office-Industrial Acquisition Model Walkthrough

Lecture 1: The Summary Tab

Lecture 2: The CRE Leases Tab

Lecture 3: The Expenses Tab

Lecture 4: The Monthly CF, Annual CF, & Debt Tabs

Lecture 5: The Construction Budget, Waterfall, & Checks Tabs

Chapter 13: The Office Acquisition Case Study

Lecture 1: Office Acquisition Case Study Overview

Lecture 2: Property Information

Lecture 3: The Rent Roll & T-12

Lecture 4: Building Out The Summary Tab