The current multifamily CRE market continues to be an attractive investment option as supply side housing problems and increased borrowing cost for home buyers are placing upward pressure on demand. The enactment of the MBTA Communities Act in January 2021 which requires 177 Cities and Towns to establish “at least 1 district of reasonable size in which multi-family housing is permitted as of right.” Where possible, the district must be within a half mile from public transportation (commuter rail, bus station, ferry terminal or subway) seeks bring more dense housing options to these communities. Topics will focus on economic and real property implications of the MBTA Communities Act, as well as current status of the multifamily market in the region. Participants will learn about the challenges facing the communities, developers, and investors which all impact appraisal analysis and conclusions. The four speakers will give presentations and participate in a moderated panel discussion.
Four speakers will give presentations and participate in a moderated panel discussion.
- Jamie Helen, MPA; Town Administrator at Town of Franklin, MA
- Kendin Carr, Vice President Colliers
- Ellen Marya, Research Manager at Massachusetts Housing Partnership
- Geoff Lewis, The Michaels Organization
Schedule of Events
- 12:00 pm – Check-in, lunch & Q2 2024 Chapter Business Meeting*
- 12:30 pm – Two Hour CE program,Multifamily Market and the Impact of the MBTA Communities Act
*The Election of 2025 Officers, Directors, and Regional Representatives will take place at this meeting.
Save the Date! The Chapter has reserved tickets for Saturday, August 10th at Hadlock Field in Portland ME for a Portland Sea Dogs game in the the Park Avenue Plaza, which is conveniently located on the first base side of the ballpark. Ticket price will include exclusive access to the area where you’ll enjoy a ballpark picnic and move to box seats (section 202) in the stadium for the game.
Look for details in the coming weeks
Location: Courtyard By Marriott, 700 Unicorn Park Drive, Woburn, MA
Tuition: $1050 AI Price; $1,400 Full Price
Instructor: Rick L. Carlile, MAI, SRA
Credit Hours: 38 hours – including 3 hour exam (Be sure check with with your state licensing board for approval)
Location: Courtyard By Marriott, 700 Unicorn Park Drive, Woburn, MA
Tuition: $610 AI Price; $660 Full Price (after 9/4, add $50)
Instructor: Edward V. Bowler, MAI, SRA
Credit Hours: 30 hours (Be sure check with with your state licensing board for approval)
Location: Courtyard By Marriott, 700 Unicorn Park Drive, Woburn, MA
Registration: 8:00 am
Classroom Hours: 8:30 am – 5:00 pm
Date: Thursday, September 19, 2024
Via Livestream Classroom
Instructor: Attorney Peter Christensen
Login / Program Access: 8:30 am
Classroom Hours: 9:00 am – noon
Registered students will be sent a link to access the class
Attorney Peter Christensen will offer 15 takeaways and lessons from legal situations and cases involving appraisers. What can appraisers learn from their colleagues’ legal misfortunes?
Here are some of the takeaways offered:
- How does USPAP relate to a professional negligence claim?
- What’s the most important language in an appraisal report – in relation to an appraiser’s potential liability?
- What legal problems have copying and pasting information from Wikipedia into appraisal reports caused appraisers?
- How does the Gramm Leach Bliley Act really apply to appraisers?
Peter Christensen is an attorney whose practice is focused on legal and regulatory issues concerning real estate valuation. He is the author of Risk Management for Real Estate Appraisers and Appraisal Firms, published by the Appraisal Institute in 2019.
CE Credit – Credit Hours: 3 hours (XX AI Points) . This program is approved by the Appraisal Institute . Applications have been submitted to MA, ME, and RI for three hours of appraiser CE credit.. There will be no credit provided in other states.
One hundred percent (100%) attendance is required for all Appraisal Institute education programs. Credit and a course completion certificate can only be issued by attending 100% of the course. Please plan accordingly and be on time as late arrival or leaving early could jeopardize your receiving a certificate of attendance.
Location: Courtyard By Marriott, 700 Unicorn Park Drive, Woburn, MA
Tuition: Tuition: $610 AI Price; $660 Full Price (after 10/2, add $50)
Instructor: Edward V. Bowler, MAI, SRA
Credit Hours: 30 hours (Be sure check with with your state licensing board for approval)
Location: Courtyard By Marriott, 700 Unicorn Park Drive, Woburn, MA
Registration: 8:00 am
Classroom Hours: 8:30 am – 5:00 pm
Registration Fee: $610 AI Price; $660 Full Price (after 10/30, add $50)
Course Attendance: One hundred percent (100%) attendance is required for all Appraisal Institute education programs. Credit and a course completion certificate can only be issued by attending 100% of the course. Please plan accordingly and be on time as late arrival or leaving early could jeopardize your receiving a certificate of attendance.
Course Materials/Breaks: A downloaded copy of materials and AM breaks are included in tuition. Printed materials are available at additional cost and shipping.
Overnight Accommodations: We now have a discounted rate for students attending AI programs who wish to book overnight accommodations. Visit the hotel website at www.marriott.com/boscw . Under the tab for special rates, click corporate code. Rate code is Y8I for an 11% discount off the retail room rate. You can also call the hotel’s front desk and mention the code.