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Commercial Real Estate Series Part III – BPOs and Appraisal | 3 Hours CE ($25)
October 6 @ 1:00 pm - 4:00 pm
Let’s take a look at the dynamics of a highly customized Commercial BPO/Broker Opinion of Value (BOV) a.k.a. asset valuation report. While there are many factors to be considered when generating a Commercial BPO, there are many types of reports such as office, retail, industrial, apartment, hotel, vacant land and special purposes, among others. BPOs essentially serves as a sneak peek into what the asset may command in dollar terms in the event of a future sale or disposition, or just for monitoring collateral values over time.
A broker’s price opinion could be as simple as two or three pages, or as detailed as a 40-50+ page book. BPOs/BOVs are used by many CRE professionals, including investors, property owners, lenders, CPAs and real estate attorneys.
Putting together a high-quality, well-researched BPO is a great way for a commercial real estate practitioner to showcase their expertise to prospective clients.