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Real Estate Financial Modeling Accelerator (Updated October 2024)

Prior to launching the Accelerator program, Michael and I fielded email after email requesting a more structured real estate financial modeling training program on the site. Over the years, we've covered hundreds of real estate modeling…
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Case Study #11 – Residential Development Business Model: Build And Sell (Case + Solution)

This residential development case study explores the strategic planning and execution of Pinkstone Group's latest project, Serene Homes, amidst the backdrop of the COVID-19 pandemic. As remote working becomes the norm and the demand for quality…
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Real Estate Debt Module in Excel (Updated May 2024)

I thought I'd share the real estate debt module I originally built for the ARGUS alternative in Excel. Most debt modules I've seen in real estate financial models only include the ability to model fully amortizing senior debt. Mike challenged…
iming of Preferred Return vs Return of Capital
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Timing of Preferred Return vs Return of Capital in an Equity Waterfall with IRR Hurdles (Updated May 2024)

Recently, we had an A.CRE reader ask us about the mechanics of Preferred Return distributions in our equity waterfall models with IRR hurdles. Specifically, he questioned the timing of when and how Preferred Return vs Return of Capital were…
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Creating a Strong Relationship with Brokers

Building a strong relationship with brokers is essential for anyone looking to succeed in the commercial real estate market. These professionals provide a wealth of information that is often not accessible through public records, including market…
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Case Study #1 – Presidio (Case + Solution, Updated May 2024)

This is the first in a series of commercial real estate case studies shared by A.CRE. These case studies are meant to help you practice to master real estate financial modeling. Presidio puts you in the role of an acquisitions professional needing…
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Modelo De Desarrollo De Centros Comerciales en Excel (Actualizado Mayo 2024)

A medida continuo mi carrera dentro de los bienes raíces comerciales, sigo descubriendo su relación y todo lo que rodea el fascinante mundo de los modelos financieros inmobiliarios, en esta oportunidad me aventure en la elaboración de un…
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Deep Dive: Careers in Commercial Real Estate (Updated May 2024)

The real estate industry is enormous. In the United States alone, over 2.9 million jobs are tied to commercial real estate, 17% of GDP comes from the real estate industry, and the aggregate value of U.S. commercial real estate is approximately…
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Watch Me Build – Modeling a Rent Schedule in Both Excel and Using AI (Updated May 2024)

In this Watch Me Build video I show you how to build a custom rent schedule module for long-term leases. The foundation of the module is a simple INDEX/MATCH combination that takes a rent schedule and models the rent cash flows across the entire…
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Real Estate Capital Account Tracking Tool (Updated Apr 2024)

I'll be the first to admit that real estate asset management doesn't get the attention it deserves on AdventuresinCRE.com. The real reason for this is that we're not necessarily asset management experts. I spent some time working in asset management…
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Modelo Financiero Inmobiliario Para el Desarrollo de Oficinas en Excel (Actualizado Abril 2024)

Desde que inicié mi travesía en el mundo financiero de los bienes raíces, he tenido la oportunidad de recrear dos modelos financieros de desarrollo inmobiliario: uno para edificios y otro para centros comerciales. Estas experiencias no solo…
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Hide and Unhide Tabs using Drop-down Menus in Excel (Updated Apr 2024)

I'd like to share a handy little trick I learned this week for hiding and unhiding tabs in Excel using drop-down menus. Now this method requires you to use some basic VBA code and to save the Workbook as a Macro-Enabled file but don't be intimidated…
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Watch Me Build – American-Style Real Estate Equity Waterfall (Updated Apr 2024)

A few years ago, I recorded my screen as I built a 3-tier real estate equity waterfall model. What I didn't mention in that Watch Me Build video, is that the kind of waterfall I built is colloquially called a European-style equity waterfall.…
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Advanced Mortgage Amortization Schedule – Custom GPT by A.CRE

At A.CRE, we've built dozens of custom GPTs for internal and external purposes. Some of the GPTs have general application, while others are custom GPTs specifically for commercial real estate. One such CRE-specific GPT that we recently built…
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The Definitive Guide to Microsoft Excel for Real Estate (Updated Apr 2024)

Microsoft Excel is the primary tool used by real estate financial modeling professionals. Even while numerous non-Excel alternatives have attempted to de-throne Excel, the 35+ year-old software has shown to be surprisingly resilient to competition.…
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Optimizando Espacios: Modelo de Cálculo Para la Ocupación Física de Inmuebles

Comprender y optimizar la ocupación física y económica de tus inmuebles es crucial para maximizar el retorno de inversión y mejorar la gestión de propiedades. El desarrollo de un modelo efectivo para el cálculo de la ocupación no solo…