Proforma (2025)
April 22 @ 1:00 pm - April 24 @ 4:00 pm
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
- REALPAC Member Company*: $795.00
- Non-Member Company: $895.00
*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.
