Foundation

Learn the five asset classes and how each one generates income: office, retail, industrial, multifamily, and special purpose

Follow a CRE deal through its six steps, from listing to close

Read an offering memorandum: rent roll, actual versus proforma rents, and lease abstracts

Run the operating numbers cold: GPI, EGI, NOI, cash flow, and the expense ratio

Price a property three ways: cap rate, GRM, and price per unit or per square foot

Talk debt and returns without bluffing: LTV, DSCR, and cash-on-cash