IREM Managing Distressed Properties Skill Badge

Course Description

The full impact of the COVID-19 pandemic on the commercial real estate market remains uncertain. But it is likely that real estate managers will increasingly be forced to deal with distressed properties during these troubled economic times. Managing distressed properties can be among the greatest management challenges that real estate managers will encounter.

Turning around a distressed asset requires a comprehensive understanding of how to evaluate and resolve key issues and challenges unique to each asset. While there is no one-size-fits all solution, this course will provide solutions and guidance for common situations encountered and best practices to employ when dealing with distressed properties.

Earning this certificate requires taking the course and passing a 100-question online exam.

Registration includes:

• IREM Managing Distressed Properties Skill Badges
• Online Course Exam

After completing this course, participants will be able to:

• Discuss unique considerations related to the COVID-19 pandemic
• Identify elements of distressed properties, their potential owners, and the manager’s role
• Analyze distressed properties, prioritize issues, and develop a management plan
• Implement effective management operations when evaluating and taking over a distressed property
• Determine strategies to reposition distressed properties
• Describe the receivership and foreclosure process
• Develop an exit strategy

This self-paced online course is approximately 3-5 hours to complete, followed by a 100-question online exam.

Learn more about this skill badge with our printable info sheet

Review our course policies and procedures page for further information