PLT/A: Real Estate Feasibility Studies
Feasibility studies are one of the preservationist's most frequently used tools, and can be one of the most effective. PLT/ Advanced: Real Estate Feasibility Studies is designed to develop an understanding of the essential elements of a high quality real estate feasibility study. Using an actual historic building in the area, real estate consultant Donovan Rypkema will guide participants through the step-by-step process of preparing a feasibility study. Learn what should be covered in a comprehensive feasibility study, recognize frequently cited shortcomings, and identify mistakes to avoid.
The textbook for this program, Feasibility Assessment Manual for Reusing Historic Buildings by Donovan Rypkema, may be purchased from Preservation Books.
Who Will Benefit?
PLT/A: Real Estate Feasibility Studies is designed primarily for staff and volunteers of nonprofit preservation organizations directly involved, or considering involvement, in community initiated development projects. Representatives of government agencies that work with these organizations may also benefit. Preference will be given to individuals who have completed the PLT/Advanced in Real Estate, Design & Advocacy or the Main Street Real Estate Development Institute.
No more than 20 participants will be accepted. The small group size is designed to encourage active participation and to allow for personal attention from the trainer. All participants must attend the full program.
Goals
- To increase the capacity of grassroots preservation leaders for direct involvement with historic properties and influence on issues that have an impact on the preservation of those properties;
- To empower grassroots organizations and agencies to achieve preservation successes in their communities;
- To support and enhance the national network of leaders in the grassroots preservation movement identified over the past decade through participation in the Preservation Leadership Training.
Topics
Training methods range from lectures and case studies to group activities, informal presentations, and individual practical exercises. Topics include:
- The Feasibility Assessment Process
- Basic Pro Forma Analysis
- After Tax Real Estate Analysis
- Assembling the Feasibility Assessment Team
- Incentives for Real Estate
- Gathering the Information (field trip)
- Evaluating the Information and Testing Scenarios
- Reaching a Conclusion
- Writing the Report
Typical Schedule
DAY ONE
Orientation and Introductions
The Feasibility Assessment Process
DAY TWO
Basic Pro Forma Analysis
After Tax Real Estate Analysis
Assembling the Feasibility Assessment Team
DAY THREE
Incentives for Real Estate
Gathering the information (field trip)
Evaluating the information and testing scenarios
DAY FOUR
Reaching a conclusion
Writing the report
DAY FIVE
Team Presentations
Program Wrap-Up and Evaluation
