CCIM will be joining us in DC for a session at 4:00 PM on September 10. Byron Smith, CCIM will discuss Discretionary Capital Expenditures.
During the holding period of any commercial real estate, investment property owners frequently make capital expenditures to maintain the value of their investment. Those investment decisions often include the decision to make discretionary capital improvements.
This one hour session will analyze the feasibility of renovating an existing office building and converting it to multi-tenant use versus renewing the lease with the existing tenant that occupies the whole building. The participants in this session will utilize net present value (NPV) and internal rate of return (IRR) of the differential cash flows from the two options to determine the better investment alternative.
Bring your financial calculators (handheld or tablets) to participate in the session.
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.