MCM MRE case studies
MCM MRE · Put your knowledge to work in context.
The MCM Master of Real Estate (often listed as the MCM Real Estate Exam) is a professional credential for practitioners who work across the commercial real estate lifecycle - finance, valuation, law, development, market analysis, asset management and professional conduct. It suits analysts, appraisers, development and project staff, property and asset managers, and advisors who need integrated commercial judgment rather than a single technical specialism. The MCM MRE case studies are 6 cases and about 3,333 words.
1The Refinancing Gap on a Partially Leased Office
A sponsor owns a 1990s suburban office building with 120,000 sq ft NRA. In-place rents average 24/sq ft on 78,000 sq ft leased; the remaining 42,000 sq ft has been vacant for 14 months.
699 words, about 3 min2Cap Rate Selection for a Contaminated Comparable Set
You are appraising a 60,000 sq ft grocery-anchored strip center for a lender. You have five comparables: Comp A: sold 4 months ago, 7.1% cap, but the anchor vacated two weeks after closing.
496 words, about 2 min3The Estoppel That Contradicts the Lease File
Your client is buying a 40,000 sq ft multi-tenant retail property. During due diligence, the seller provides leases showing Tenant X pays 22/sq ft with 3% annual bumps and a 5-year term with 3 years remaining.
476 words, about 2 min4Value Engineering a Mid-Rise Under a Hard Cost Cap
A developer is building a 90-unit, 5-story wood-frame-over-podium multifamily project. The GMP contract was signed at 215/sq ft on 105,000 gross sq ft.
591 words, about 3 min5Pricing a Renewal Against a Credit Tenant's Threat to Leave
You manage a 250,000 sq ft Class B office building. Tenant Y occupies 45,000 sq ft (18% of the building) under a lease expiring in 10 months at 31/sq ft gross.
490 words, about 2 min6The Off-Market Deal With a Conflict of Interest
You are a licensed broker/advisor representing a buyer client. A developer friend, aware you represent the buyer, offers you a 50,000 "finder's fee" from the seller side if you steer your client to his off-market building without disclosing the payment.
581 words, about 3 min