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This course will cover the pro forma as your road-map to making informed feasibility decisions on development projects and tracking from commencement to completion. Participants will be led through the step by step construction and manipulation of an industry-accepted commercial office and residential investment pro forma.

COURSE CONTENT

• Identify the relevant project data required to begin crafting a pro forma
• Assess/Estimate Cost Inputs:
• Project Revenue Inputs:
• Build Operating Cost Statement:
• Build Cash Flows
• Valuation
• Sensitivities Analyses
• Project Sign offs:
• Development Management:
• Assess/Estimate Cost Inputs:
• Project Revenue Inputs:
• Condo Fees and Taxes
• Build Cash Flows
• Valuation
• Sensitivities Analyses
• Project Sign offs

KEY LEARNING OUTCOMES

How to undertake due diligence and assess in detail the feasibility and valuation of a commercial and residential development project pre and post construction by building and using an XL pro forma that accounts for:

• Land and related cost
• Zoning and Site Plan
• Design
• Timing
• Construction
• Soft Costs
• Financing
• Leasing
• Cash flows – Development and Operating
• Operating statements
• Valuation methods and investment strategy
• Partnership models
• Sensitivity analyses at multiple data points
• Tracking from commencement to completion

How to construct a pro forma to provide:

• Both detailed analyses and quick sensitivity analyses
• Structuring to provide for partnership models and hurdles
• Assessing financing alternatives
• Understanding the impact of key variables on overall costs, revenues and returns
• Identify common misses and errors
• Understanding the key differences between a commercial leasing project and a residential condo project pro forma

INSTRUCTOR

• Andrew Kidd, Senior Vice President, Development, Northwest Value Properties
• Jeff O’Reilly, VP, Acquisitions ＆ Urban Development Minto Communities – Canada

COURSE FEES

Virtual attendance:

• REALPAC Member Company*: $795.00
• Non-Member Company: $895.00

In person attendance:

• REALPAC Member Company*: $995.00
• Non-Member Company: $1,095.00

*To determine if your company is a REALPAC Member, click here.

CANCELLATION POLICY

REALPAC reserves the right to cancel course offerings based on low attendance numbers for 100% refund on registration fees only. Participant cancellations must be received in writing, at least five business days prior to the event for a 75% refund. Substitutions are permitted.