CPM case studies
CPM · Put your knowledge to work in context.
CPM – Certified Property Manager is a professional designation offered by IREM, the Institute of Real Estate Management, headquartered at 430 North Michigan Avenue, Suite 750, Chicago, Illinois 60611. IREM lists the CPM alongside its ARM, ACoM, CSP and AMO credentials, and maintains a public member directory in which CPM holders appear with their city, state or province and country; the listings reach well beyond the United States, including Canada and Japan. The credential is aimed at property and asset managers who carry responsibility for a real estate portfolio's operating and financial performance, not only day-to-day building operations. IREM organizes its courses, webinars, tools and publications under a consistent set of topics: asset management, DEI, finance, human resources, leadership, leasing, maintenance, managing your firm, marketing & comms, risk management, sustainability and technology. The CPM case studies are 5 cases and about 3,704 words.
1The Anchor, the Roof, and the Refi Window
You manage a 120,000 SF mixed-use office/retail asset for a private owner. In-place NOI is 1.85M, and comparable sales indicate a 6.25% cap rate.
721 words, about 4 min2Repair or Replace: The Chiller Decision
A 1980s, 180,000 SF office building runs a 20-year-old 400-ton chiller. Repairing it costs 95,000 for a compressor and controls rebuild and buys roughly three more years at 0.95 kW/ton.
712 words, about 4 min3Seven Techs, Two Holes, and One Resignation Letter
You manage a 640-unit, three-property portfolio with seven maintenance technicians. Turnover has run 45% for two years and average tenure is 11 months.
793 words, about 4 min4Two Tenants, One Vacancy, and an $84,000-a-Month Clock
A 22,000 SF inline space has been vacant for 11 months. Asking rent is 32/SF NNN; operating expenses are 9.50/SF and taxes $4.25/SF, all recoverable.
666 words, about 3 min5The Roof Drain, the Silent Contract, and the 72-Hour Clock
A storm backs up a roof drain and water enters 14 of 96 apartments in a property you manage. The drain was 'cleared' six weeks ago by the landscaping vendor under a 1,200/month grounds contract that says nothing about drainage and carries no insurance or indemnity requirement.
812 words, about 4 min