Join us for this four-part course for a step-by-step guide to understanding the Annual Property Income and Expense Life Cycle.
Dates: Thursdays 8:00 AM - 12:00 PM, January 22, 29, February 5, 12.
12 Dora Credits Approved.
Instructors:
Judith A. Purviance-Anderson, RPA®, BOMA Fellow, Cushman & WakefieldJudy possesses thirty years of experience in managing commercial real estate both in suburban and downtown office markets with responsibilities including capital project and general construction management.
Judy has a BA in Management, is a graduate of the Denver Paralegal Institute and is a BOMA Fellow. She holds an RPA designation and is a licensed Colorado Broker.
Krystal Sears, RPA®, BOMI-HP®, General Manager Asset Services, Cushman & Wakefield
Krystal started in commercial property management in 2005 and is currently General Manager at 1670 Broadway with Cushman and Wakefield. Krystal holds both RPA & BOMI-HP designations and LEED GA designation.
Introductory Price: $400 ($100 per session)
Locations: 1670 Broadway: January 22, 29 and February 5 and 12
It All Begins with the Lease
1.Understand basic lease information including tenant revenue and share of operating expenses.2.Identify material tenant-specific lease inclusions and exclusions of building operating expenses, including, as required by lease, base years, gross-ups, caps and capital expenditures.3.Lease abstracting (interactive) based on items 1 and 2.4.Understand property title encumbrances.5.Calculating with the annual operating budget. Gain knowledge about budgeting, NOI and CashFlow.Budgeting, Reporting and Reforecasting1.Incorporate tenant and lease information learned in Session One in budget development2.Calculating with the annual operating budget3.Understand the Income Statement, Budget Comparison Report and General Ledger4.Understand the accrual process5.Understand variance reporting6.Activate reforecast tool for ongoing monthly trending7.Understand operating trends and impact to property financial resultsReconciliation1.Understand the reconciliation process.2.Utilize previously prepared workshop materials to complete the reconciliation.3.Complete the reconciliation.
Thursday, January 22 - 8:00 AM - 12:00 PM (1670 Broadway)
Thursday, January 29 - 8:00 AM - 12:00 PM (1670 Broadway)
Thursday, February 5 - 8:00 AM - 12:00 PM (1670 Broadway)
Thursday, February 12 - 8:00 AM - 12:00 PM (1670 Broadway)
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