Pro Courses
Pro is four courses at the top of the catalog: the level where structure, scale, and market cycle decide the outcome more than the property itself. CRE Fund Structures covers public and private REITs, Delaware Statutory Trusts and their 1031 role, and the full Opportunity Zone rules, the vehicles institutional and passive capital uses, judged on IRR, equity multiple, TVPI, DPI, and vintage year. Ground-Up Development is development at scale for someone who’s already built once and wants to run bigger, more complex projects, with a pro forma built on yield-on-cost, S-curves, and a full financing stack behind every decision. Asset Management covers running a multi-property portfolio to the return you underwrote across every asset you own, through a 10-year CapEx schedule and a real hold/sell trigger. Distressed Assets covers buying notes at a discount to par, the lender’s workout toolkit, and foreclosures, the deals that show up once a cycle and make careers for the investors positioned to move when everyone else is frozen.
Each course runs $159 to $179, eight modules, and 100 to 135 practice questions, with a capstone built around a three-vehicle fund evaluation, a mixed-use development stress-tested for a cost overrun, a five-asset portfolio review, or a distressed office workout, plus a graded final exam and certificate. Fund Structures carries an educational-only disclaimer on the legal and tax mechanics it covers.
Pro is not a starting point. It assumes you’ve underwritten deals, run a value-add plan, and know how the capital stack works already. It’s built for the investor ready to operate at the scale where those structures start to matter.
5.4 Distressed Assets: Workouts, Foreclosures & Opportunistic DealsLesson 1 unlocked
Read the four sources of distress and where you sit in the cycle
Buy notes at a discount to par and run the note-to-own play
Work the lender's toolkit: A/B notes, workouts, and the borrower's leverage
5.1 CRE Fund Structures: REITs, DSTs & Opportunity ZonesLesson 1 unlocked
Map the vehicles from JV to public REIT, and how each changes the investor's experience
Read REITs, traded and non-traded, on FFO and the liquidity premium
Use DSTs for a 1031 and Opportunity Zone funds for deferral, step-up, and elimination
5.2 Ground-Up Development: Site Selection to StabilizationLesson 1 unlocked
Run the developer's model: the pipeline as a portfolio and the five ways deals fail
Select a site on traffic and access, utility capacity, and demand generation
Build a development pro forma with yield-on-cost, S-curves, and interest reserve
5.3 Asset Management: Running a Portfolio for Maximum ReturnsLesson 1 unlocked
Pull the four value-creation levers an asset manager owns across the hold
Write the annual business plan with targets, variance analysis, and a hold/sell trigger
Build a 10-year CapEx schedule and fund reserves with discipline