Proforma (2025)

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.

NOTE

To maintain privacy and foster active participation, the use of AI tools such as Otter or Fireflies for personal recording or note-taking will not be permitted at any REALPAC virtual event. Any unauthorized AI or automated notetakers identified will be promptly removed. REALPAC, as the event host, may use its own authorized tools for documentation purposes. Thank you for your understanding and cooperation.

REGISTRATION

• To take advantage of Member Pricing on our events, login to your account .
• If you don’t have a member account, register at realpac.ca/account.