By Mario Icari, Naval Facilities Engineering Command Southwest Public Affairs
SAN DIEGO (NNS) -- NAVFAC Southwest Public-Private Venture (PPV) Program Managers Ann Rosenberry and Jerry Dunaway successfully obtained their Certified Commercial Investment Member (CCIM) designations Oct. 20.
Rosenberry and Dunaway are NAVFAC Southwest's first CCIM holders. They serve in NAVFAC Southwest's Asset Management PPV Branch.
NAVFAC's PPV Community Management Plan staff members are encouraged to attain the CCIM designation. CCIM is the commercial real estate standard for transactional real estate and institutional asset management.
"Achieving the CCIM designation is no small feat," said Dawn Boronner, NAVFAC Atlantic Asset Management, PPV director. "Congrats to Ann and Jerry!"
CCIM provides the knowledge and capabilities to analyze investments and other expenses to determine internal rates of return, net present values, reinvestment strategies, and market impacts. These are typical private sector asset management tools used by NAVFAC's partners, and at a minimum, it allows NAVFAC staff to more confidently discuss these concepts with private partners as well as explain the financial health of NAVFAC's partnerships to supported commands.
CCIM was added to the PPV Community Plan as the preferred professional credential for its workforce, due to the core scope of NAVFAC's PPV mission, which is to protect the DoN's investments in NAVFAC's 18 partnerships across the country.
"Although we manage cradle to grave operations for the entire evolution of our military housing assets - market analysis, design, construction, maintenance, operations, demo and disposal, code compliance, etc. - that core mission underlies all the functions we perform for our clients," said Dunaway. "CCIM focuses our PPV staffs' attention to our partnership operations and expenditures to evaluate more smartly what investments are prudent and provide the greatest bang for the buck, as well as simply ensuring our partnerships will remain viable throughout the 50-year term of each deal."
To earn the prestigious CCIM designation, candidates must complete more than 160 hours of case-study driven education covering topics such as interest-based negotiation, financial analysis, market analysis, user decision analysis, investment analysis, and ethics for commercial real estate investment. Candidates must also compile a portfolio demonstrating the depth of their commercial real estate experience and pass a national, six hour comprehensive exam.