In commercial real estate, there are certain credentials that stand out. The Certified Commercial Investment Member (CCIM) designation is one such mark of distinction, held by a select group of professionals who have received extensive education in the complexities of commercial real estate investment. In North Dakota, only 16 individuals have earned this prestigious title, and Justin Gustofson of Property Resources Group is one of them.
In this article, we talk with Gustofson about what it means to be a CCIM and explore the unique insights and experiences that Gustofson brings to the table as a leading commercial realtor in the region.
Q: What motivated you to pursue the CCIM designation?
A: For me, I knew early on in my career that obtaining my CCIM was high on my list of what I wanted to get completed. By earning the designation, there are a handful of benefits. For me, I wanted to further my education and have industry recognition across the United States.
Q: Can you walk us through your journey toward earning the CCIM designation? How long did it take?
A: Earning the CCIM designation is not a quick and simple process. They have an extensive educational component, a portfolio requirement, and an in-person comprehensive exam. The educational piece consisted of four week-long in-person classes, which I traveled to Minneapolis (twice), Tulsa, and Denver for. The portfolio requirement consists of providing proof of involvement in working on exactly ten qualifying activities equaling $10 million or more within a given time period. Upon the board’s review, you are then able to take the comprehensive exam which they offer two times per year. I successfully passed my exam in April of 2023.
Q: How did the CCIM program impact your career trajectory in commercial real estate?
A: For me, the educational component and the professional network have proven to be successful for me. Investing in my education and obtaining my CCIM not only helps me understand the ins and outs of deals better but it also helps bring light to new opportunities for my clients.
Q: What specific skills or knowledge did you gain from the CCIM coursework that you find most valuable in your day-to-day work?
A: Oh gosh, I feel that there are bits and pieces of all the different courses that get applied to my everyday work. Whether it’s composing market data and research for a client, working on site selection, or someone looking for their next investment.
