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Online Training

Valuation of Public-Private Partnerships (P3s)

This web class will consider the challenges of valuing unusual or specialized properties provided through public-private partnerships (P3s).

Twitter: #RICSAmericas

Session Duration:
90 minutes
Date:
Thu 11 Oct 2018
Time:
12:00 PM - 01:30 PM
Venue:
Online
CPD:
1.5 hours formal CPD

$50

Course overview

There are many different types of P3 developments, but they often include major projects such as hospitals, schools, courts, social housing, and large infrastructure assets such as roads, bridges, etc. One of the challenges with properties developed through the P3 process is the valuation of the resulting asset, particularly as many of the properties are of a type that are not normally traded in the market. In this web class, experts will look at the different types of P3 arrangements; the way in which P3 projects are structured; the roles of the partners involved in the projects; risks and financial analysis; the applicability of international valuation standards; and the valuation methodology to apply to what are often very specialized properties. Participants will be provided with up to date information about P3 projects and how the often highly-specialized assets created can be valued.  

Who Should Attend

This is intended for assessors, appraisers and other professional real estate valuers, advocates, lawyers, and paralegals involved in disputes concerning the valuation of P3 developments or those who work with P3 properties.

Why Attend?

To increase your skills and better understand the valuation of P3 properties.

Format

This class will be delivered using PowerPoint slides with discussions and activities integrated throughout to embed your learning. The class will end with an open Q&A session with your instructor.

 

About this course

Learning Objectives

By the end of the web class, you will be able to:

  • Understand the different types of P3 arrangements
  • Know how to deal with the risks associated with P3 properties
  • Consider what data is required in preparing a valuation of a P3 development
  • Look at the different valuation approaches that may be available
  • Ensure that your valuation is on a sound basis 

Content

In this web class, we will cover:

  • Structural models and the role of P3 partners
  • Decision making and procurement in P3 projects
  • Risk and financial analysis
  • Valuing specialized P3 developments
  • Using the cost and income approaches to valuation

Instructors

Donald Liebman

Partner, Tuchman Korngold Weiss Liebman and Gelles, LLP

As the former Assistant Corporation Counsel in the New York City Law Department’s Condemnation and Tax Certiorari Division, Don has litigated a wide variety of tax matters, successfully defending challenges to the policies and practice of New York City’s taxing authorities and other municipal agencies. He has represented both institutional and real estate industry clients in successfully challenging valuations, obtaining tax exemptions for both new construction and redevelopment, and rendering opinions on the potential taxation of various projects.

Michael Blaschuk

Director, Strategic Initiatives, International Property Tax Institute

Michael is IPTl's Director of Strategic Initiatives and is a Strategic Advisor to the Province of British Columbia. He recently retired from the public service as the Assistant Deputy Minister for the Province of British Columbia and is a fully accredited member of the Appraisal Institute of Canada. As an ADM and in other past senior positions with Public Works and Government Services Canada; Foreign Affairs and International Trade Canada; Revenue Canada; BC Assessment and BC Housing, Michael has gained significant experience in property taxation; payments-in-lieu of taxes programs; real estate deal and partnership structuring; asset and facilities management; contracting and procurement management; project and construction management; Public-Private Partnerships (PPP); and portfolio planning.

Questions

If you're interested in having this course delivered to your company, contact us.

Call +1 (212) 847-7400 or

Email us

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Price

  • Non-RICS professionals $50
  • RICS professionals $50
  • Visa

  • Mastercard


$50
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