JOIN US FOR OUR 2-HOUR FALL MEETING
Approved for 2 CE hours by NJ, State Appraisal Board
Thursday, September 19, 2024
9:00 - 11:30 A.M. (BOD meeting will follow breakfast meeting)
Continental Breakfast included
Where: Chubb Risk Engineering Center, 35 Columbia Rd., Branchburg, NJ
Registration fee: $40/AI affiliation, $45/Non-AI
Register here: https://lnkd.in/e2X_6Wzg
Speakers:
Andrew Lines, MAI, CRE, Cohn Reznick
and Lauren Migliore, Cohn Reznick
Topic 1: How connected are interest rates and multifamily cap rates? A look at multifamily cap rate trends during economic turbulence, 9:30 – 10:30 am
*Historical fed rate hikes and their impact on multifamily cap rates
*Cap rate trends over the past three years in each state/region
*Impact of interest rates on investment and transaction activity
*Disconnect between pace of changing interest rates and cap rates
*Connection to real estate liquidity and buyer pools
*Other macroeconomic factors including supply and demand, rent growth and
vacancy, cost of operating expenses, demographic trends, and investor
expectations
*Trend predictions
Topic 2: Solar development’s impact on adjacent residential and agricultural land values, 10:30 – 11:30 am
*Solar Development has skyrocketed over the past 10 years, and with the
Inflation Reduction Act, more solar fields are being proposed and constructed
than ever before
*This development tends to be predominate in rural and exurban areas, where
the cost of land is low and agricultural land owners are excited about high land
lease rates
*For the last 8 years, CohnReznick has studied solar development’s impact on
adjacent residential and agricultural land values, using techniques and
methodology direct from Randy Bell’s Real Estate Damages textbook
*CohnRznick has researched and analyzed several academic studies; called and interviewed nearly 100 assessors with solar in their counties; has developed specific studies in 17 states using paired sales analysis, before and after appreciation rate analysis and interviewed brokers who have sold real estate adjacent to operating solar farms
Approved by the NJ State Board of Real Estate Appraisers for 2 CE hours
Approved by the Appraisal Institute for 2 hours (10 points).
100% attendance required to get 2 CE hours.
#aimetronj #continuingeducation #appraisers #realestate