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 and Valuation - Part Two  (ASM604)   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   Successful completion of this course is required for the CPM ®designation.   Learn how to determine the performance of real estate assets using a variety of measurement tools and approaches.   What you’ll learn: The time value of money: Owner’s goals and objectives, time value of money (TVM) components, TVM applications Discounted cash flow, valuation and investment return: DCF analysis vs. capitalization, market value calculation, investment value calculation, different measures of investment return Mid-stream analysis: Reasons for conducting calculations Taxation: Overview of taxation and its impact on real estate investments Discounted cash flow and leases: Financial impact of lease concessions, lease proposal comparisons using DCF analysis How you’ll benefit: Enhance the long-term financial outlook of your portfolio Secure the future prosperity of your business  Shape leases to your advantage and generate higher returns for your clients Calculator Required: The HP10BII financial calculator is required for the Asset Analysis courses. 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 ASM604 at www.irem.org/pdfs/education/outlines/ASM604.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)   Please click here for registration form.