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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…

Structural Engineer

Structural engineers are a type of civil engineer. A key task of the structural engineer includes determining and analyzing the forces of each element in a structure. The engineer must ensure that all of the structural elements of a building…

MEP Engineer

The mechanical, electrical, and plumbing systems expert. These engineers lead the design and implementation of these systems throughout the construction process, serving as the central resource during the building's development. Systems also…

Survey

A survey confirms crucial information about the location and existence of a property through boundary lines and a legal description. It will include information about physical improvements on the property, such as utility, parking, and building…

Stabilization

Stabilization refers to a point in time when a property reaches its market potential in terms of occupancy, income, and expenses. This is commonly referenced in terms of Stabilized NOI., or the NOI once the property has reached that market potential. In…

Holdback

A holdback is a portion of commercial loan proceeds that are retained by the lender until certain objectives have been met. These objectives may include conditions like a certain percentage of development has been completed or a certain NOI…

MEP

MEP is a common acronym for mechanical, electrical, plumbing and simply refers to these respective systems of a building collectively.

Spec Book

See Specifications Manual.

AFFO

See Adjusted Funds From Operations.

FFO

See Funds From Operations.

PCA

See Property Condition Report.

PCR

See Property Condition Report.

Property Condition Assessment

See Property Condition Report.

Property Condition Report

Also referred to as a Property Condition Assessment (PCA), the Property Condition Report (PCR) assesses the physical condition through a thorough inspection. It evaluates all of the improvements and various systems of each building on a property.…

RUBS

See Ratio Utility Billing System.

Carried Interest

See Promote.