Course Description





Every new development project, whether a hospital, retail center, hotel, or apartment complex, starts with someone who has the insight, drive, and passion to try something new. It takes someone with vision. Developers do all this and more—but how?

A developer can turn a vacant lot into a successful community development. How do they do that and how can you? This course will explore not only how this is done but the principles of who, what, where and why of commercial real estate development. This course will guide you through the process of converting a vision into a fully functioning real estate project, open to and serving the public.


Everything you need to take this course is included within the course content. However if you want more information you can purchase the text and workbook.

Welcome to the course!




The Who Principle, What Principle, Where Principle, Why Principle, How Principle, Principles of Developing Commercial Real Estate
 
The Who Principle, What Principle, Where Principle, Why Principle, How Principle, Principles of Developing Commercial Real Estate

Course Senior Instructor and Author of the Who, What, Where, Why and How Principles to Developing Commercial Real Estate

Bob Wehrmeyer

Bob is an experienced commercial real estate developer, college professor and attorney licensed in Texas, specializing in health care related development projects. Now living in San Antonio, Bob and his wife of more than twenty years, Cindy have two children-daughter Ashley and son Trey.

Course curriculum

  • 1

    GETTING STARTED

  • 2

    THE WHAT PRINCIPLE - PART I

  • 3

    THE WHAT PRINCIPLE - PART II

    • Introduction (Reading)

    • Video to What Principle-Part II

    • Chapter 4 (Reading)

    • BASIC AND ADVANCED DELIVERABLE PROGRAM: Deliverable #2; Location, Location, Location

    • EXERCISE: Read about the "Big Six"; Land, Tenants, Financing, Entitlements, Plans and Specs and finally Permit to build

    • Quiz 2
  • 4

    THE WHAT PRINCIPLE - PART III

  • 5

    THE WHO PRINCIPLE

    • Introduction (Reading)

    • Power Point to Video

    • Video to Who Principle

    • Chapters 1-3 (Reading)

    • BASIC AND ADVANCED DELIVERABLE PROGRAM: Deliverable #4; Who are the targeted Tenants and Users for the development project?

    • READ: Example of Deliverable; Simple Development Project Summary.

    • EXERCISE: Take a look at the attached example for Lease to a new Tenant of Office Space. Print out or download the Lease sample and fill in the blanks-dont forget the Rule of Comps!

    • Quiz 4
  • 6

    THE WHERE PRINCIPLE

    • Introduction (Reading)

    • Power Point for Video

    • Video to Where Principle

    • Chapter 6 (Reading)

    • BASIC AND ADVANCED DELIVERABLE PROGRAM: Deliverable #5; Demographics of Area Surrounding the Development Project.

    • EXERCISE: Take a look at the attached example letter of intent to purchase land. Print out the form and attempt to fill in the blanks-dont forget to use the Rule of Comps!!

    • Quiz 5
  • 7

    THE WHY PRINCIPLE - PART I

    • Introduction (Reading)

    • Power Point to Video

    • Video to Why Principle-Part I

    • Chapter 7 (Reading)

    • EXERCISE: Estimating Financial Success for a Development Project-Read the attached PDF and attempt to complete the attached highlighted portions for your Development Project.

    • BASIC AND ADVANCED DELIVERABLE PROGRAM: Deliverable #6; When in doubt use, "The Rule of Comps".

    • Quiz 6
  • 8

    THE WHY PRINCIPLE - PART II

    • Introduction (Reading)

    • Video to Why Principle-Part II

    • Chapter 8 (Reading)

    • EXERCISE: Download Financial Template for Deliverables.

    • BASIC AND ADVANCED DELIVERABLE PROGRAM: Deliverable #7; Rule of Comps and Cap Rates.

    • Quiz 7
  • 9

    THE WHY PRINCIPLE - PART III

    • Introducton (Reading)

    • Video to Why Principle-Part III

    • Chapter 9 (Reading)

    • BASIC AND ADVANCED DELIVERABLE PROGRAM: Deliverable #8; Net Operating Income and Triple Net Leases.

    • ADVANCED DELIVERABLE PROGRAM: If you are participating in the Advanced Deliverable program (Steps 1-40) begin working on Steps 22-26 from the Step by Step Guide.

    • Quiz 8
  • 10

    THE HOW PRINCIPLE-PART I

    • Introduction (Reading)

    • Power Point to Video, Parts I and II

    • Video to How Principle-Part I

    • Chapter 11 (Reading)

    • READ: Sample outline of terms from a Commercial Construction Lender for new office development.

    • ADVANCED DELIVERABLE PROGRAM: If you are participating in the Advanced Deliverable Program (Steps 1-40) work on Steps 27-33 from the Step by Step Guide.

    • Quiz 9
  • 11

    THE HOW CHAPTER-PART II

    • Power Point to Video

    • Video to How Principle-Part II

    • CHAPTER 12 (Reading)

    • READ: Example of a simple investment outline with equity partner and developer for a new commercial development

    • BASIC AND ADVANCED DELIVERABLE PROGRAM: Deliverable #8; Estimating What the Project Can be Sold For.

    • ADVANCED DELIVERABLE PROGRAM: If you are participating in the Advanced Deliverable program (Steps 1-40) work on Steps 34-38 from the Step by Step Guide.

    • Quiz 10

    • ADVANCED DELIVERABLE PROGRAM: The Final Steps. You have completed Steps 1-38 of the Step by Step Guide. Now the final step is to Complete Steps 39 and 40. If you want to go even further create a video with you as the star presenting the project to others.