Grow Your Leadership Potential
With HSK 825: Real Estate Development & Finance
In-Person, Calgary, AB
September 9 & 16, 2024
IN COLLABORATION WITH
Finance is the most critical aspect of a development project and starts well before construction begins.
Get comfortable with more than just napkin math!
Lead your projects with the confidence to create revenue and budget projections, development pro-formas, and net present value analyses.
Previous course participants have come from a range of professional backgrounds and benefit from an approachable, logical introduction to real estate finance.
Invest in yourself now, to plan for, measure, and analyze development project returns in the future.
Enrolment Closes In:
Meet Your Instructor
Aaron Forbes, CFA
SENIOR DIRECTOR, MCAP FINANCIAL CORP.
ADJUNCT INSTRUCTOR, REDI CANADA
Aaron attended the University of Calgary, majoring in Economics and became a CFA Charter holder in 2013.
He is a licensed member of the Real Estate Council of Alberta and has completed the Mortgage Associates Program and is currently a Senior Director with MCAP’s Development Finance Group.
To date, he has been involved in the structuring of over $3 billion of real estate transactions throughout Western Canada, including 1st and 2nd mortgages and has completed syndications with most major Canadian Banks, Alberta based lending institutions, pension funds and life insurance companies.
Aaron currently sits on the Board of Directors for KV Mortgage Fund Inc., a private Edmonton based lender, as an independent member and a member of the Lending Review Committee.
About The Course
HSK 825:
Real Estate Development & Finance I
$995 CAD
ENROLMENT DEADLINE:
September 2, 2024
Instructional Dates (In-Person):
September 9 & 16, 2024
Site Visit:
September 11, 2024
Virtual Capstone Project Presentation:
October 1, 2024
Time Investment:
18 hours
IN COLLABORATION WITH
Finance is the cornerstone of real estate development. This course is critical for anyone seeking to build their career or investments in the industry. Aaron Forbes is an exceptional instructor, drawing from his background in Economics and as a CFA with over 15 years at MCAP, a major lender in Canada, where he’s currently a Senior Director. Aaron walks you through the process of understanding risk, developing a pro-forma, assessing the feasibility of securing financing for a project, and analyzing profitability metrics.
In this course, you examine the fundamental building blocks required to present a project for financing including revenue and budget projections, comparative and competitive analyses, and testing assumptions within pro-formas. You learn introductory time value of money concepts and use these to complete a net present value and internal rate of return analysis. You’re also introduced to a risk identification framework and mitigation strategies to ensure the orderly start and completion of real estate projects and the repayment of project debt. Finally, you explore various financing options available for developers to capitalize projects including first and second mortgages and equity structures.
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Course Details
Components
- Access to curated pre-read materials to help you make the most of your in-class time.
- Expert industry insights from instructors and guest speakers throughout two days of in-person learning at the University of Calgary.
- Informal and formal networking opportunities, in peer discussions and lunch break.
- Current real-world projects, case studies, and lessons learned.
- A site visit to experience the realities of development in practice!
- A group assignment and presentation that applies your course learning.
- Access to LinkedIn Networking Group
Graded Assessments
The instructor provides feedback and assigns a pass/fail grade based on your contribution to a group assignment in each course. These assignments apply the in-class concepts to real world projects or scenarios.
By completion of this course, successful learners will be able to:
- Identify the various types of real estate assets that can be developed and define the municipal approval process required to commence development.
- Identify key real estate risk factors, including project-specific and macroeconomic variables, how they impact the viability of the project, and how to mitigate these risks.
- Calculate lending rick parameters including loan to value, loan to cost, residual loan exposure, sales to liquidate, and debt service coverage ratio.
- Compare and explain the various equity capital structures used to finance real estate projects and how they influence the securing of project debt.
- Develop a project pro-forma and cost estimate used in the financing decision, including discounted cash flow analysis, IRR modelling, and the time value of money assumptions.
- List the basic features of mortgage agreements, including first and second mortgages, as well as other types of private financing transactions and the legal framework supporting these agreements.
- Identify the familiar sources and providers of commercial real estate debt across the risk spectrum.
- Assess potential real estate projects with a focus on their viability in securing project financing.
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Each course requires attendance and participation throughout the instructional days and experiential activities.
The REDL program is unique because it brings together professionals and leaders from a range of backgrounds, including instructors, guest-speakers, and industry leaders. In-class networking, mutual exchange of ideas, and group discussions are a critical source of value within this program. As a result, REDL participants must attend in-person.
The course includes pre-reading material, 14 hours of instructional time, an experiential learning activity (such as a site visit, approximately 2 hours), and a capstone project presentation session (2 hours). Expect to spend about 5 – 8 hours outside of instructional days on course tasks.
Stand out as a leader.
Equip yourself with specialized knowledge and skills that open doors to prestigious positions and complex projects in real estate development.
Small business owner or development entrepreneur?
Build your confidence and credentials to:
New to the industry or not sure where to start?
Our Real Estate Development Professional program is probably a better fit!
YOU'RE BUSY.
WE GET IT.
We’ve distilled years of development experience, projects, and lessons-learned into this high-impact certificate.
Work through the full certificate, or just take the courses you want.
Gain the knowledge and network you need to get your projects across the line and lead your organization with confidence.
The Best Instructors. Best Site Tours. Best Real World Projects. Best Guest Speakers. Best Network. BEST IN CLASS.
Invest in your future success with an advanced education in real estate development.
The
Real
Estate
Development
Leadership
Certificate
Facilitated In-Person by Industry Experts Across Canada
5 Core Courses
2 Elective Courses
Created For Intermediate to Senior Learners
Frequently Asked Questions
No. Take one course, take several, in any order. We’ve designed the courses to meet the needs of a range of learners. You can customize your learning based on your professional goals.
Not sure what you need? Contact us. We’re here to help. info@redicanada.org
The average participant completes the certificate within 18 months to two-years. You must complete:
Five Core Courses
- Real Estate Development and Finance I
- Real Estate Development and the Planning Process
- Real Estate Marketing
- Real Estate Law
- Real Estate Development Management
Two Elective Courses
- Real Estate Development and Finance II
- Commercial Real Estate Development
- Mixed Use Real Estate Development
- Sales Management & Strategies
Eligible participants may be able to access grant funding if they apply for multiple courses at one time. Contact execed@haskayne.ucalgary.ca for more information.
This learning is recognized by many professional groups towards mandated professional development credits. Check with your professional association or contact our team: info@redicanada.org.
Organization: Alberta Professional Planners Institute (APPI)
Learn more: This learning may be eligible to be logged for the purposes of your continuous professional learning program (CPL) subject to your profession’s program requirements. (albertaplanners.com/resources/other-learning-and-related-organizations)
Yes.
Organizations or groups may be eligible for a group discount. Contact REDI’s Manager, Industry Relations for more information: info@redicanada.org.
UCalgary students and alumni are eligible for a discount through Haskayne Executive Education. Contact execed@haskayne.ucalgary.ca for more information.
No. The in-person Real Estate Development Leadership (REDL) certificate is a robust, experiential program best-suited for individuals with some exposure to the real estate development industry. While the competencies and topics addressed in both programs are similar, the extent to which instructors discuss topics, case studies, showcase guest-speakers, and tour real world sites in the REDL program is unparalleled.
The online Real Estate Development Professional (REDP) certificate is perfect for aspiring or new real estate development professionals across Canada. It builds foundational knowledge, skills, and frameworks that participants can take with them as they establish a career in real estate development.
Not sure which certificate meets your needs? Contact us: info@redicanada.org.
You can start with any course (except for Finance 2, which has a Finance 1 prerequisite).
We recommend that certificate participants start with the core courses; this helps inform your learning for the elective courses.
Each course spans approximately three weeks, which includes:
- Access to pre-read materials.
- Two in-class instructional days (8:30 am- 4:30 pm)*
- An in-person site visit (evening, depending on site restrictions)*
- A virtual final presentation session (4:00- 6:00 pm MT)*
Instructional days are back-to-back except for finance courses, which have a week between the two in-person days.
*refer to the specific course page to confirm times as these may vary based on instructor and site project availability.
- Access to curated pre-read materials to help you make the most of your in-class time.
- Informal and formal networking opportunities, in peer discussions and lunch break.
- Expert industry insights from instructors and guest speakers.
- Current real-world projects, case studies, and lessons learned.
- A site visit to experience the realities of development in practice!
- A group assignment and presentation that applies your course learning.
Each course requires attendance and participation throughout the instructional days and experiential activities. The instructor provides feedback and assigns a pass/fail grade based on your contribution to a group assignment in each course. These assignments apply the in-class concepts to real world projects or scenarios.
The REDL program is unique because it brings together professionals and leaders from a range of backgrounds, including instructors, guest-speakers, and industry leaders. In-class networking, mutual exchange of ideas, and group discussions are a critical source of value within this program. As a result, REDL participants must attend in-person.
