A New York-based real estate executive, Michael Mikelic invests in urban commercial properties with extensive upside potential. As managing principal of King Penguin Opportunity Fund III, LLC, Michael Mikelic maintains Certified Commercial Investment Member (CCIM) designation.
Earning CCIM certification begins with meeting thresholds for qualifying experience in the commercial real estate sphere. Minimum qualifying activities involve at least three transactions totaling at least $30 million, or 10 transactions in excess of $10 million. Alternatively, 20 qualifying activities may be completed with no associated dollar volume requirement. Over the past two decades, Mr. Mikelic has well exceeded these thresholds, with the King Penguin Opportunity Fund engaging in multiple property acquisitions and dispositions, including several multi-family investment property holdings.
CCIM designation also has an educational component, with online curriculum offerings including negotiation training and ethics courses. A culminating full-day comprehensive exam completes the process of proving mastery of core concepts and earning Certified Commercial Investment Member certification.
