The Center For Commercial Real Estate (CFCRE) was founded on the principle that certain specialized areas of commercial real estate have received short shrift when it comes to sources of education and general information. In 1998, CFCRE's informational Web site,
www.RealEstateLeasingTips.com, became operational and has since provided thousands of tenants, landlords, attorneys and aspiring real estate brokers with a comprehensive view into the world of commercial real estate leasing that for years functioned as something of a closed club.
This was quickly followed by the even more comprehensive How To Lease Commercial Real Estate home-study course and 78-page Lease Clause Analysis - Issues of Significance publication. This "Complete Program" qualified Colorado real estate brokers for 16 hours of continuing education credits once they passed a 25-question test. This effort was followed by the development of a variety of other products, including Request for Proposal (RFP) templates, a complete system of commercial lease forms, Comparative Lease Analysis software, etc.
This Web site is a continuation of those efforts. While 1031 Tax Deferred Exchanges have been around for many years, the availability of Tenant-In-Common (TIC) fractional ownership interests is really quite new and a much misunderstood niche. Much of the confusion lies in the fact that while TIC's represent an interest in real estate, they are primarily sold as a security. We certainly hope that this Web site has served to clear the often murky waters and provided information that will allow you to make better investment decisions.
Steven M. Wennerstrom, President & Founder
Steve Wennerstrom is a commercial real estate consultant who has served clients nationwide. In addition, he earned the Certified Property Manager (CPM) designation in 1986 from the Institute of Real Estate Management.
Steve served his apprenticeship with one of the most savvy real estate developers in operation during the 1970's and 1980's, the Vantage Companies based in Dallas, Texas, ultimately serving as President of the Denver division.
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Steve Wennerstrom |
In 1996, Steve was convinced that everyone benefits when experienced practitioners seek out and share with those who might benefit from their expertise. He founded The Center For Commercial Real Estate (CFCRE) which initially focused its attention on providing education on the subject of how to lease commercial real estate. In 2003, the organization expanded its educational offerings to include the §1031 TIC Exchange Workshop which was accredited for 2 credit hours of Continuing Legal Education (CLE).
By obtaining the requisite securities license and becoming a Registered Representative with Pacific West Securities, Inc., he committed himself to becoming one of a handful of licensed real estate agents who specialized in Tenant-In-Common (TIC) real estate investments. Given the challenging environment in the capital markets beginning in 2008 and the resulting negative effect on the availability of TIC investments, there was little reason to remain actively licensed in securities. Steve continues to concentrate his day-to-day efforts in managing a portfolio of industrial properties and traditional commercial real estate brokerage, including §1031 exchanges.
In 2007, The CCIM Institute of the National Association of Realtors requested that Steve provide consulting services with the goal of incorporating the CFCRE educational materials into their core courses. Steve was also privileged to have regularly taught a 4-hour §1031 TIC Exchange Workshop for professionals meeting their continuing education requirement through the University of Denver’s Graduate Tax Program.