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Real Estate Financial Modeling Accelerator (Updated Jan 2025)

Before launching the Accelerator program, Michael and I received countless emails requesting a more structured, step-by-step real estate financial modeling training program. Over the years, we've covered hundreds of real estate modeling…
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All About Careers in Real Estate Development (Updated May 2024)

Professionals in real estate development jobs, either working for themselves or their employer, create new places for people to live, work, shop, and play. This person typically is involved with the transaction from land sourcing through lease-up…
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Single Tenant NNN Lease Valuation Model (Updated May 2024)

I originally built this single tenant net lease (NNN) valuation Excel model back in 2016. Based on some feedback from a few of our readers, I've since made quite a few updates (see v2.0 updates video below). This model is an attempt to re-think…
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Case Study #3 – Just the Facts – Retail Sale-Leaseback – Case Only (Updated May 2024)

This is the third 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. Just the Facts puts you in the role of a direct real estate investor…
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All About Careers in Real Estate Acquisitions (Updated May 2024)

In acquisitions jobs, professionals typically source, analyze, conduct due diligence on, and negotiate the purchase of new equity investments for their real estate investment firms. It's important to note that acquisitions professionals generally…
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Entry-Level Position in Real Estate: Breaking Through the No Experience Barrier

Recruiting for an entry-level position in real estate can be daunting, particularly for those entering this highly competitive field where experience is often prized above all. How does one 'break through' when traditional pathways seem blocked…
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Case Study #2 – Renovo Tower Office Acquisition (Case + Solution, Updated May 2024)

This is the second 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. The Renovo Tower Office Acquisition Case Study puts you in the…
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Utilizando el Rendimiento de Efectivo Sobre Efectivo en el Análisis de una Inversión Inmobiliaria

A la hora de abordar nuestros proyectos inmobiliarios, hay un sinfín de métricas que podemos tener en consideración, todas ellas, en última instancia, dependerán tanto del tipo de proyecto que queremos llevar a cabo, así como del mercado…
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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…