By Daniel Ronan
Knowledge of real estate finance would help many preservationists understand the complexities involved with saving places through rehabilitation and/or reuse, yet many are unfamiliar with the key terms and concepts. Recognizing that this valuable skill was missing in the preservationists toolbox, the National Trust for Historic Preservation partnered with the National Development Council in 2012 to develop two week-long intensive training sessions on Historic Real Estate Finance. Through the generous support of the 1772 Foundation, courses have been offered in Salem, Ma., Knoxville, Tn., Cincinnati, Oh., and Newport, Ri.
Past participants of the course raved about the relevance and usefulness of the knowledge gained by attending. Now, we are able to offer to a wider audience a one day primer of this material on Wednesday, November 12 during the PastForward National Preservation Conference in Savannah, Ga. Daniel Ronan, a past participant, contributes his thoughts on the value and importance of attending the training. Join his ranks of those in the know of real estate finance by registering for the Preservation Leadership Training© Intensive (registration for the training is in addition to registration for the National Preservation Conference) at www.PastForward2014.org.
I first heard about the real estate finance training during a session at the 2013 National Preservation Conference in Indianapolis. Led by Corey Leon of the National Development Council, I was excited to see how a training in real estate pro formas, funding sources, and deal making could help my budding interest in historic preservation as a career. With a background in transportation and economics, I found real estate, although new, could help me broaden my skill set and vocabulary as I took the plunge from real-estate lover to real estate change agent.... Read More →