Start Date End Date Course Title Course Number 4/28/2010 4/29/2010 Investment Real Estate: Financial Tools FIN402 6/7/2010 6/8/2010 Investment Real Estate Financing & Valuation - Part One ASM603 6/9/2010 6/10/2010 Investment Real Estate Financing and Valuation - Part Two ASM604 6/11/2010 6/11/2010 Investment Real Estate Financing and Valuation - Part Three ASM605 10/4/2010 10/7/2010 Management Plan Skills Assessment MPSA 10/8/2010 10/8/2010 CPM® Certification Exam Prep Course CPM001 10/8/2010 10/8/2010 CPM® Exam CPMEXM

Investment Real Estate Financing & Valuation - Part One   Course location:  Lakeshore Towers Training Room #520, 18101 Von Karman Ave., Irvine, CA 92612 8:00 AM Registration; 8:30 AM to 5:00 PM Course Study     Utilize financial tools that will build value and increase income for your business holdings.    What you’ll learn: Economics of real estate investment: Owner’s goals and objectives, business and real estate cycles, macroeconomic effects on real estate Sources of financing: Various sources of real estate financing, lenders’ evaluation methods, loan package components Loan calculation: Different types of loans, debt service calculation, interest rates Loan analysis: Loan-to-value, debt coverage ratio, margin of safety, leverage applications Property valuation and capitalization rates: Appraisal methods, capitalization rate calculations, mortgage equity analysis, equity residual model How you’ll benefit: Produce higher revenue for your portfolio despite fluctuations in the financial and real estate markets Negotiate optimal financing packages that will maximize your cash flow Boost client satisfaction levels with accurate property valuations and risk assessments Calculator Required:  The HP10BII financial calculator is required.  Course materials illustrate keystrokes for this calculator only. Students must have a working knowledge of the operations and functionality of the calculator. Download the “HP10BII Financial Calculator Quick Reference Guide” at www.irem.org and review it prior to taking this track.   Laptop Computer Strongly Recommended:    In addition to the use of a calculator, course materials include a CD-ROM containing Excel® spreadsheets to facilitate hands-on learning in the classroom. Students who wish to maximize their course experience are advised to bring laptops to class. Laptop computers should have a CD-ROM drive and Excel® 2000 or a higher version. Analysis ToolPaks, plug-ins that are included in Excel® versions 2000 and higher, should be installed prior to attending class.   IREM recommends taking FIN401, ASM603, ASM604, ASM605, and BDM602 in consecutive order. ASM603, ASM604 and ASM605 are offered together as the Asset Analysis track.   Review the learning objectives for ASM603 at www.irem.org/pdfs/education/outlines/ASM603.pdf   Premier Price $570   (Applies to CPM, Candidates, ARM, ACM Members and AMO firm employees) Classic Price $660 (Applies to Associate, Student and Academic Members)   Nonmember Price $715 (Applies to those not affiliated with IREM)