We are partnering with TEAM Consulting to bring “Valuing Commercial Properties in a Declining Market” to Illinois during 2021. This course, authored by Brad Eldridge, MAI, CAE, will concentrate on recognizing the state of the market and changes that have occurred, with an emphasis on data analysis and interpretation. How to properly address these market condition changes in the cost, sales comparison, and income approach will be discussed.

The material also offers suggestions on proper documentation and handling public relations during turbulent times. When real estate markets are making dramatic shifts up or down, it is important to continue monitoring the conditions and appropriately adjust in real time. The material includes data on the changing economic conditions through 2020 and current trends that are impacting different commercial real estate uses, such as retail, office, industrial, apartments, hotels, mini-storage, mobile home parks and senior housing.

IPAI instructors Jerry Ruman, CIAO-M (Chief Commercial Appraiser, York Township) and Bob Becker, MAI (Principle, R.D. Becker Valuations, LLC) will partner to co-teach this course. It will be offered at both the Spring Conference in Normal and Northern Conference in Rockford.