Commercial Investment Real Estate November/December 2017 | Page 84

n Quick Facts about CCIM Institute
n Historical Milestones
Early 2000s
CCIM Institute was positioned as the place to get the
real story; the professional association understood the
implications for the wider world.
✦ CMBS market became massive and securitized
many loans, which lessened scrutiny and increased
risk for the economy.
✦ Great Recession began at the end of 2008, which
is a reckoning for too much capital not being
invested wisely. It marked the downfall of CMBS,
the crash of Lehman Brothers, the U.S. banks
bailout, and GM rescue, which positioned the
U.S. government as savior.
2001:
✦ Creation of the Body of Knowledge Committee
to redesign curriculum and rewrite courses
built on key competencies of CCIM designees
2003:
✦ First class of the Jay W. Levine Leadership
Development Academy
2007:
✦ Organization of the Nondesignation Department
to deliver elective courses (renamed the Ward
Center courses)
2010 to 2017
Adapting to a shared economy with the rise of Airbnb
and Uber, as well as big tech companies like Apple and
Amazon. It marked the rise of e-commerce, smartphones,
and social media, as well as grappling with major changes
in the economy and society.
✦ CCIM Institute is the place to go for the real story,
which has implications for the wider world. CCIMs had
optimism and knowledge amid the volatility.
✦ CCIMs’ stronghold was secondary and tertiary markets.
✦ CCIMs helped clients with risk mitigation and
cycle reassurance.
✦ Prizing higher risk, less liquidity in the market boded
well for CCIM Institute.
✦ Return of manufacturing and property rights
in the U.S.
✦ New types of commercial real estate
development arose.
✦ Net lease specialty experts flourished.
✦ Relevance of loan-to-deposit and loan-to-value ratios
and cap rates for commercial property sales
2010:
✦ First offering of an online core course
2012:
✦ Introduction of the Community Caring concept and
activities held locally and nationally each year.
2016:
✦ First offering of blended core courses, combining the
best of online and classroom study
2017:
✦ CCIM Global Conference was held in Toronto, Oct. 15–16.
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✦ Top economic academics served as consultants to
major CRE firms.