The Business of Buildings:
A Property Manager's Guide to Asset Management
June 27 - 28
Pennsylvania Convention Center
This one-and-a-half day intensive certificate program, produced by BOMA International and BOMI, will take place pre-conference on Saturday, June 27 and the morning of Sunday, June 28. You will learn the fundamental competencies of asset management—an essential skill set for today's property manager—and gain a better understanding of how to communicate with the owner and asset manager. This modular program is a focused sequence of five one-hour sessions on Saturday, culminating with a two-hour capstone exercise on Sunday.
If you are looking for the opportunity to establish a foundational understanding of asset management while forming new working relationships with a diverse group of your peers, this program is for you. On Saturday after you have participated in a day of dynamic sessions facilitated by experienced professionals, you will have the chance to work closely with a small team of other participants to complete a capstone challenge that you will present on Sunday morning to a panel of mock investors. Members of the winning team will receive a prize, as well as bragging rights!
Module 1: Asset Management through the Lens of the Investment Cycle
Saturday, June 27, 9:00 - 10:00 am
In this introductory session, learners will be introduced to the basics of asset management, including objectives which commonly drive commercial real estate investments. Additionally, learners will explore best practices for acquiring assets, key elements of management during the asset holding period, and strategies for selling assets.
Module 2: Impacting the Bottom Line: Creating Asset Value and Controlling Costs
Saturday, June 27, 10:15 - 11:15 am
In the second session, learners will be exposed to a variety of methods for creating value through acquired assets. They will learn to distinguish the impact of increasing income from decreasing expenses, particularly within the context of lease structuring.
Saturday, June 27, 11:30 am - 12:30 pm
Lunch will be provided.
Module 3: Making Strategic Decisions based on Economic Trends and Market Conditions
Saturday, June 27, 12:30 - 1:30 pm
In the third session, learners will take into account the significance of conditions within the local real estate market and current economic trends as they analyze the option to acquire new assets, sell existing ones, or change strategies for management of assets in the holding period.
Module 4: Capital Planning for Increased Financial Returns
Saturday, June 27, 1:45 - 2:45 pm
In the fourth session, learners will investigate considerations to be made when evaluating the potential value increase to be achieved through capital improvements.
Module 5: Developing a Leasing Plan to Maximize Value
Saturday, June 27, 3:00 - 4:00 pm
In the final session preceding the capstone evaluation, learners will address a variety of factors to be evaluated when developing a leasing plan. Through the analysis of these factors, learners will recognize the need for consideration of long-term impacts to investment objectives.
Module 6: Capstone Exercise
Sunday, June 28, 9:00 - 11:00 am
Building case study evaluation exercise.
- $695 BOMA Member/$795 Non-Member for Business of Buildings course only, not attending the BOMA International Conference
- $595 BOMA Member/$695 Non-Member for Business of Buildings course in addition to BOMA International Full Conference registration fee
- Registration fee includes continental breakfasts, lunch on Saturday, and refreshments served throughout.
Click here to register.
Registration Deadline: June 12, 2020
- Class size is limited to 40 students. Registration may close before the deadline if capacity is reached.
- It's a BYOL event (bring your own laptop)
- There is an online course component to the program; learners will need to login to BOMI's Learning Portal to access program information and materials, complete the session quizzes and surveys, and submit their Capstone Exercise presentation on Sunday, June 28
- Learners will receive their login credentials to the Learning Portal the week prior to the program via email.
To qualify for a Certificate of Participation, learners must score 75% or higher on each session module quiz, earn 80 points or higher on the capstone excercise presentation, and complete the session module surveys.
This certificate may be applied as five credit hours to the point requirement in the Continuing Professional Development (CPD) program to maintain active status in the BOMI International RPA and FMA designation programs. It may also be applied for five hours toward the education hours required to take the Certified Manager of Commercial Properties (CMCP) exam, or continuing education unit for other education requirements.