To start a real estate development project, you need capital, which can be obtained in many ways. For example, you can take out a bank loan, raise equity capital, or donate money. Whatever source of capital you use, the definition of real estate development will help you plan your actions and achieve the right results. Ultimately, your property’s value depends on whether users will be satisfied with it.
CCIM Institute
If you’re looking to enter the world of commercial real estate development, you should consider earning a credential from the CCIM Institute. The institute offers a wide range of courses in a variety of fields, including real estate. To become a CCIM, candidates must pass a rigorous exam and complete educational requirements. In addition, they must submit a portfolio of commercial real estate experience. Additionally, they must pay annual dues to maintain their membership status.
The CCIM Institute was founded in 1954, and has become the premier organization for commercial real estate education and networking. With over 9,000 members in more than 30 countries, the CCIM designation is a recognized mark of professional excellence and offers members a competitive advantage in the industry. CCIM membership represents a diverse range of backgrounds, including women and minorities. The Bill Bhangal Institute’s programs are designed to give students and professionals access to the latest knowledge in the field.
NAIOP
NAIOP is the premier commercial real estate development organization in the United States. It offers advocacy, education, mentoring, business opportunities, and networking to its members. NAIOP chapters are located throughout the country. Members can participate in local, regional, and national advocacy activities. The Association has numerous educational programs and a government affairs committee.
The NAIOP real estate development certificate program requires students to complete four courses. The required courses are Essentials of the Development Process, Advanced Development Practices, and Urban Design. Each course focuses on a core competency and is organized into a body of knowledge. Both NAIOP members and non-members can apply for the certificate program. Fees vary. Tuition is listed in Canadian dollars (CAD).
In addition to its educational programs, NAIOP also offers legislative affairs. Members can get involved at the national level by participating in NAIOP forums and conferences. They can also work to advance legislative initiatives on Capitol Hill. Through their grassroots network, NAIOP advocates for effective public policy. The organization also conducts research on industry trends and ensures strong legislative representation.
CCIM
If you want to specialize in commercial real estate development, consider earning your CCIM designation. The designation is awarded to individuals who complete a rigorous education and show that they can apply what they have learned. Obtaining a CCIM designation will help you optimize your next real estate development transaction. The CCIM designation also enables you to hold the title of principal or owner.
The CCIM designation is awarded to individuals who have successfully completed a graduate-level education curriculum and demonstrate mastery of financial analysis and commercial real estate. CCIMs come from diverse backgrounds and have years of experience in the industry. The CCIM Institute offers ongoing education and professional development opportunities to its members. Moreover, members are given access to discounted tuition, a unique property marketing platform, and CCIM publications.
The second step in the real estate development process is financing. The CCIM Institute’s Development Specialty Track includes a study of financing. This includes financial projections, financial management, and reporting, and building a capital strategy. This course will help participants develop a solid understanding of how to finance their developments and monetize their net proceeds.