BEGIN:VCALENDAR PRODID:-//Microsoft Corporation//Outlook 16.0 MIMEDIR//EN VERSION:2.0 METHOD:PUBLISH X-MS-OLK-FORCEINSPECTOROPEN:TRUE BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:16011104T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYMONTH=11 TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:16010311T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYMONTH=3 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT CLASS:PUBLIC CREATED:20190514T164909Z DESCRIPTION:NEW & VETERAN PROPERTY PROFESSIONALS\nThe budget is more than j ust a tool to manage a building\, it is a road map that has to be navigate d\, and often rerouted mid-course when unexpected issues at a property ari se. Every tenant lease is unique and costs are variable\; amendments can change them from year to year\, increasing or decreasing costs throughout the term of the lease. Although the reconciliation process can be somewhat labor intensive\, having a deep understanding of the terms of each lease can result in realizing the full profit potential of the property. \nLynne tte Boyle and Steve Bentley\, CFO will provide a comprehensive overview of how budgets relate to CAM operating expense estimates and reconciliations . In addition\, the session will focus on strategies owners take in sett ing up varying CAM pools at a property and the amortization of long-term c apital projects designed to lower operating expenses.\nAttendees will lear n:\n* Why gross ups and occupancy matter and how the booking of expenses r eflect upon an asset’s profitability and potential\n* How CAM/OPE is der ived from the operating budget\n* CAM pools\, Base Years\, and their relat ionship to the lease\n* Estimates vs reconciliations and Capital Expenses that Qualify as a pass-through\n \nRegister here: https://www.bomadet.org/ pages/secured/BrownBag_1019.asp\n \n \n \n DTEND;TZID="Eastern Standard Time":20191029T130000 DTSTAMP:20190514T164909Z DTSTART;TZID="Eastern Standard Time":20191029T114500 LAST-MODIFIED:20190514T164909Z LOCATION:Guardian Building\, 500 Griswold\, 6th Floor\, Detroit\, MI 48226 PRIORITY:5 SEQUENCE:0 SUMMARY;LANGUAGE=en-us:Lunch & Learn: Common Area Maintenance (CAM) Reconci liations 201 TRANSP:OPAQUE UID:040000008200E00074C5B7101A82E0080000000020D6956C530AD501000000000000000 01000000060E0C407CD39A646A14C35D478E4A433 X-ALT-DESC;FMTTYPE=text/html:\n\n\n

NEW &\; VETERAN PROPERTY PROFESSIONALS

The budget is more than just a tool to manage a building\, it is a road map that has to be navigated\, and often rerouted mid-course when un expected issues at a property arise. \; Every tenant lease is unique and costs are variable\; amendments c an change them from year to year\, increasing or decreasing costs througho ut the term of the lease. Although the reconciliation process can be somew hat labor intensive\, having a deep understanding of the terms of each lea se can result in realizing the full profit potential of the property.

Lynnette Boyle and Steve Bentley\, CFO will provide a comprehensive overview of how budgets relate to CAM operating expense estimates and reconciliations. \; \; In addition\, the session will focus on strategies owners take in setting up varying CAM pools at a property and t he amortization of long-term capital projects designed to lower operating expenses.

Attendees will learn:

·\; \;Why gross ups and occupancy matter and how the booking of expenses reflect up on an asset’\;s profitability and potential

&midd ot\; \;How CAM/OPE is derived fro m the operating budget

·\; \; CAM pools\, Base Years\, and their relationship to t he lease

·\; \;Estimates vs reconciliations and Capital Expenses that Qualify as a pass-through

 \;

Register here: https:// www.bomadet.org/pages/secured/BrownBag_1019.asp

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