Professional Development Institute

Innovations Course

Innovative Strategies for Accessing Capital

March 26 + July 15

Course Overview

This one-day seminar explores a set of innovative strategies being employed to help finance real estate projects in the current challenging economic and credit climates.  Participants look at a group of tools and resources being used to raise equity and debt as well as discuss how to best position projects to optimize access to these resources in a competitive market.

The course begins with an overview of existing capital markets from the perspectives of national institutional lenders as well as regional and local banks, providing an understanding of the context and challenges of the current markets.  The course then explores financing strategies that employ a range of tax credit enhancements, such as Historic Tax Credits, Low-Income Housing Tax Credits, Renewable Energy Tax Credits, and New Markets Tax Credits, as well as EB-5 Investment Funds.   

The second half of the day’s program focuses on the New Markets Tax Credit (NMTC) program and features a case study format, allowing participants to gain a better understanding of how this tool works in the real world.

Course Objectives

• Understand more fully the current real estate capital markets and the associated challenges and opportunities
• Understand how Low-Income Housing Tax Credits and New Market Tax Credits, as well as EB-5 Investment Funds are being used to effectively raise equity and debt for real estate projects and associated operating and development companies

Companion Course

This course is designed to follow Fundamentals of Real Estate Finance, allowing attendees to build upon the base knowledge acquired in the cornerstone course.

Who Should Attend

This course is aimed at a wide range of individuals from junior level professionals to experienced real estate practitioners.

Instructor

David Cohan is a graduate of the MIT Center for Real Estate and has worked with a variety of real estate investment companies, including Copley Real Estate Advisors and Beacon Capital Partners.  Mr. Cohan is an expert on the New Markets Tax Credit program, closing tax credit deals valued at $200 million and with a total asset value of about $1 billion.

Registration + Fees

Course Fee:  $750.
Finance Series Fee:  $2000 (10% discount). The Finance Series includes enrollment in Fundamentals of Real Estate Finance and either Innovative Strategies for Accessing Capital or Fundamentals of Loan Workouts.

The program fee covers tuition, course reader, continental breakfast, and light refreshments. Registration and payment must be made at least one week prior to the course start date.  Course information, including the reader, will be made available once payment is received.

To register on-line with a credit card click here. If you would like to pay by bank check or wire transfer, please follow the instructions on the General Information page.

For additional information, please contact:

PDI Program Coordinator
MIT Center for Real Estate
Office of Professional Education
+1 617-253-6193
mit-cre@mit.edu