C-RETS case studies
C-RETS · Put your knowledge to work in context.
The C-RETS credential is presented in the exam catalog as a professional certification for commercial real estate practitioners, with the exam organized around four equally weighted domains: Commercial Real Estate, Investment Analysis, Market Analysis, and Transaction Management. It is aimed at agents and advisors who work with income-producing property and need to demonstrate competence across property-level operations, underwriting and valuation, market and submarket evaluation, and the execution of commercial transactions from listing through closing. The C-RETS case studies are 5 cases and about 3,319 words.
1Co-Tenancy Trigger and Lender DSCR on a Mixed-Use Acquisition
Your buyer client is under a PSA to purchase a 28,000-square-foot mixed-use building for 6.2 million. The ground floor contains a 10,000-square-foot anchor space that has been vacant for four months and a 3,000-square-foot café tenant with eight years remaining.
680 words, about 3 min2Value-Add Office Acquisition: Yield on Cost, Debt Sizing, and IRR
An investor is under LOI to acquire an 80,000-square-foot suburban office building for 9.5 million. Occupancy is 70%, WALT is 2.1 years, and 30% of GLA rolls in 18 months.
602 words, about 3 min3Flex Industrial Renewal: Comparable Adjustments and Effective Rent
An owner must decide whether to renew a 20,000-square-foot suite in a 60,000-square-foot flex building built in 1988 with 24-foot clear height, four dock-high doors, and two drive-ins. The tenant pays 8.50 per square foot NNN and asks for a five-year renewal at 8.60 with 3 per square foot TI and three months free.
727 words, about 4 min4Retail Strip Center Due Diligence: Environmental REC, Easement, and Missing Estoppel
A buyer is under a purchase and sale agreement for a 42,000-square-foot retail strip center at 8.4 million. The 150,000 earnest money becomes nonrefundable when the 30-day due diligence period expires; closing is set 45 days after execution.
692 words, about 3 min5Section 1031 Exchange: Debt Replacement, DSCR, and Identification Timing
An investor is selling a 24-unit apartment building for 4.2 million. The adjusted basis is 2.1 million, the existing mortgage is 2.5 million, and selling costs are 180,000.
618 words, about 3 min