The Complete Guide To Retail Real Estate Investing from Udemy

Interested in learning how to analyze retail real estate investments? This course was designed to take you from zero to hero in retail real estate investing, After taking this course, you will be able to confidently analyze a retail real estate deal, whether you're looking to buy a property on your own, invest with partners, or land a job with a top retail real estate private equity firm.

This curriculum was specifically designed with the following people in mind:

Aspiring commercial real estate investors who want to buy bigger properties with less headache - Retail properties are generally larger and often entail fewer headaches than a single-family home investment, a fourplex, or even a small apartment building. The longer lease terms and business-oriented tenant base allows investors to take a more hands-off approach to retail than traditional real estate investments, especially for triple-net single tenant properties.
Students or career switchers who want to land a job in retail real estate private equity - According to CEL & Associates, the 2021 median total compensation for a retail acquisitions associate was $137K per year. This course will teach you the fundamental retail product-specific skills and knowledge you won't be able to find anywhere else.
Passive real estate investors looking at investing in retail real estate deals - Retail deals can be extremely lucrative - long-term contractual lease obligations limit downside in the case of market corrections, operating income can be far more predictable than a single-family or multifamily real estate investment, and massive returns within short periods of time are very possible with lease-ups of large portions of a property's square footage. But as a passive investor, do you really know what you're getting yourself into? Is the property you are looking at a "good" deal? This course will teach you the main things you need to look out for when investing in a retail real estate investment deal.

Here's what some of our students have had to say:

"Excellent course that rivals master-level courses on the subject of Retail Investing. Extremely useful and practical. "

"Great course overall. I especially liked the resources provided, it makes it a lot easier to apply what I learned in the course."

"Incredible value. Just what I was looking for. "

You'll also get a complete "done-for-you" retail acquisition model that you can use when looking at new potential acquisition opportunities included with your enrollment in the course. And with Udemy's 30-day money back guarantee, you can try the course out completely risk-free.

See you on the inside.

What's inside

Learning objectives

A firm understanding of how to confidently invest in retail shopping centers, strip centers, and standalone buildings.

An institutional-quality retail underwriting model to use when analyzing new acquisition opportunities

A firm understanding of how to confidently invest in retail shopping centers, strip centers, and standalone buildings.
An institutional-quality retail underwriting model to use when analyzing new acquisition opportunities

Syllabus

Students will be introduced to what we will cover in the course in this section.

Welcome!

Who This Course Is For

About The Instructor & Student Success Stories

Download Me First

Disclaimer

Students will learn about the different types of retail properties in this section.

Retail Property Overview

Net Lease Single-Tenant Properties

Retail Strip Centers

Neighborhood Shopping Centers

Power Centers

Regional Malls

Factory Outlets

The Site Plan & Ingress-Egress

Easements & Suites

Anchor Tenants, In-Line Tenants, & Pads

GLA vs. NLA

Retail Value Drivers

Retail Opportunities & Risks

Students will learn the key drivers of revenue in retail properties.

Retail Revenue Drivers

NNN & FSG Leases

MG & BYS Leases

Percentage Rent

Percentage Rent Exercise

Re-Leasing Modeling & Renewal Probability

Re-Leasing Excel Exercise

Credit Loss

Students will learn the key drivers of operating expenses at retail properties.

Property Taxes

Insurance

Common Area Maintenance (CAM)

Property Management Fees

Students will learn the key drivers of capital expenses at retail properties.

Tenant Improvement (TI) Allowances

Leasing Commissions

TI & LC Exercise

Capital Expense Reserves

Students will learn how retail properties are financed, and key loan terms that affect retail property transactions.

Sourcing The Loan

4 Key Loan Terms

Amortization vs. Term

Interest-Only Periods

"Good News" Money

Prepayment Penalties

Loan Sizing

Loan Sizing Exercise

Loan Covenants

Students will learn how to underwrite and analyze retail properties in this section.

The Offering Memorandum

The Rent Roll

The T-12

The ARGUS File

The Leases

Students will learn how to analyze and value retail properties in this section.

The Acquisition Pro Forma

Adding In-Place Data

Modeling Assumptions

How Are Assumptions Made?

Revenue & Expense Assumptions

Capital Cost & Debt Assumptions

Sale (Disposition) Assumptions

Students will learn the key investment return metrics retail property investors use to analyze and value retail deals in this section.

Cap Rates

The Internal Rate of Return (IRR)

The Equity Multiple

The Cash-on-Cash Return

Retail Property Valuation

Retail Property Valuation Exercise

Retail Return Targets

Capital Risk Buckets

Students will learn about JV partnerships and equity waterfall structures in this section.

JV Partnerships

Waterfall Structures

Sample Waterfall Structure Walkthrough

Students will walk through the retail acquisition model template in this section.

The Summary Tab - Part 1

The Summary Tab - Part 2

The CRE Leases Tab

The Expenses Tab

The Monthly CF, Annual CF, & Debt Tabs

The Construction Budget & Waterfall Tabs

Students will work through a sample retail property acquisition case study in this section.

Retail Acquisition Case Study Introduction

The Rent Roll & T-12

Building Out The Summary Tab

Building Out The CRE Leases Tab - Part 1

Building Out The CRE Leases Tab - Part 2

Building Out The Expenses Tab

Building Out The Construction Budget & Waterfall Tabs

Finalizing The Valuation

Students will learn more about the retail property transaction process, due diligence, and closing in this section.

The Retail Transaction Process

Key Due Diligence Items

Closing & Post-Close

Students will put together everything they've learned in the course in this section, and talk about where to go from here.

Wrapping Up

Bonus Lecture

Bonus Lecture - The Next Step

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Explores retail real estate investing, which is standard in commercial real estate

Emphasizes retail acquisition, which is highly relevant in private equity

Teaches key product-specific skills and knowledge that may not be commonly available

Provides a 30-day money-back guarantee, which is learner-friendly

Includes a complete 'done-for-you' retail acquisition model

May require learners to have some familiarity with commercial real estate

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in The Complete Guide To Retail Real Estate Investing with these activities:

Run Sensitivity Analysis on Retail Assumptions

Show steps

Enhance your analytical skills and deepen your understanding of how changes in assumptions impact retail property valuations.

Browse courses on Sensitivity Analysis

Show steps

Identify key assumptions
Run sensitivity scenarios
Interpret the results

Show all one activities

Career center

Learners who complete The Complete Guide To Retail Real Estate Investing will develop knowledge and skills that may be useful to these careers:

Real Estate Acquisitions Analyst

A Real Estate Acquisitions Analyst is someone who studies retail real estate markets to find properties to buy for investment. They need a great understanding of retail properties, as well as how to underwrite and analyze them. This course provides the kind of knowledge and skills that are needed for success as a Real Estate Acquisitions Analyst, making it a good choice for those who are looking to enter this field.

See salaries and explore the career path for Real Estate Acquisitions Analyst

Real Estate Investment Analyst

Real Estate Investment Analysts research and analyze real estate investments, often focusing on a particular type of real estate such as retail, office, or residential. They often work for investment firms or pension funds. The course provides an excellent foundation for anyone who is considering becoming a Real Estate Investment Analyst, especially if they are interested in retail.

See salaries and explore the career path for Real Estate Investment Analyst

Commercial Real Estate Analyst

Commercial Real Estate Analysts study and evaluate commercial real estate properties and markets. They prepare financial models and create reports that are used for investment decisions and property management. This course provides a great introduction to the field of commercial real estate analysis and can be helpful for those who are looking to build a career in this field.

See salaries and explore the career path for Commercial Real Estate Analyst

Retail Banker

Retail Bankers help individuals and small businesses with their banking needs, such as opening accounts, making loans, and providing financial advice. They need to have a good understanding of banking products and services, as well as the ability to build relationships with customers. This course can be helpful for Retail Bankers who want to learn more about real estate lending, especially for retail properties.

See salaries and explore the career path for Retail Banker

Real Estate Appraiser

Real Estate Appraisers value real estate properties for a variety of purposes, such as mortgages, insurance, and estate planning. They need to have a good understanding of real estate markets and values, as well as the ability to analyze and interpret data. This course can be helpful for Real Estate Appraisers who want to learn more about retail properties, especially for those who are interested in appraising retail properties.

See salaries and explore the career path for Real Estate Appraiser

Commercial Property Manager

Commercial Property Managers oversee the day-to-day operations of commercial real estate properties, such as office buildings, shopping centers, and industrial facilities. They need to have a good understanding of property management, as well as the ability to manage tenants and maintain relationships with vendors. This course provides a good introduction to the field of commercial property management.

See salaries and explore the career path for Commercial Property Manager

Real Estate Development Analyst

Real Estate Development Analysts research and analyze real estate markets and development opportunities. They work with developers to identify and assess potential development projects, and they also provide financial modeling and analysis. This course can be helpful for Real Estate Development Analysts who want to learn more about retail development.

See salaries and explore the career path for Real Estate Development Analyst

Real Estate Finance Analyst

Real Estate Finance Analysts provide financial analysis and advice to real estate investors, lenders, and developers. They need to have a good understanding of real estate finance, as well as the ability to model and analyze financial data. This course can be helpful for Real Estate Finance Analysts who want to learn more about retail real estate investment.

See salaries and explore the career path for Real Estate Finance Analyst

Real Estate Investor

Real Estate Investors acquire, develop, and manage real estate properties for investment purposes. They need to have a good understanding of real estate markets and values, as well as the ability to finance and manage real estate projects. This course can be helpful for Real Estate Investors who want to learn more about retail real estate investment.

See salaries and explore the career path for Real Estate Investor

Construction Manager

Construction Managers oversee the construction of buildings and other structures. They need to have a good understanding of construction methods and materials, as well as the ability to manage contractors and subcontractors. This course may be helpful for Construction Managers who are working on retail construction projects.

See salaries and explore the career path for Construction Manager

Real Estate Broker

Real Estate Brokers help people buy, sell, and rent real estate. They need to have a good understanding of real estate markets and values, as well as the ability to negotiate and close deals. This course could be helpful for Real Estate Brokers who want to learn more about retail real estate.

See salaries and explore the career path for Real Estate Broker

Financial Advisor

Financial Advisors help people manage their finances and investments. They need to have a good understanding of financial markets and products, as well as the ability to provide advice and guidance. This course may be somewhat helpful for Financial Advisors who want to learn more about real estate investment.

See salaries and explore the career path for Financial Advisor

Insurance Agent

Insurance Agents sell insurance policies to individuals and businesses. They need to have a good understanding of insurance products and services, as well as the ability to build relationships with clients. This course may be somewhat helpful for Insurance Agents who want to learn more about real estate insurance.

See salaries and explore the career path for Insurance Agent

Accountant

Accountants prepare and manage financial records for businesses and individuals. They need to have a good understanding of accounting principles and practices, as well as the ability to analyze and interpret financial data. This course may be somewhat helpful for Accountants who want to learn more about real estate accounting.

See salaries and explore the career path for Accountant

Lawyer

Lawyers provide legal advice and representation to individuals and businesses. They need to have a good understanding of the law, as well as the ability to research and analyze legal issues. This course may be somewhat helpful for Lawyers who want to learn more about real estate law.

See salaries and explore the career path for Lawyer