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…
Real Estate Equity Waterfall Model with Catch Up and Clawback (Updated Dec 2024)
A question came up recently in the A.CRE Accelerator's real estate waterfall modeling course regarding how to model GP Catch Up (i.e. Sponsor Catch Up) and LP Clawback provisions. I put together a quick video tutorial in response to that question,…
Excel’s Stale Value Formatting: What It Means and Why It Matters
We recently received an email from an A.CRE reader using one of our real estate financial models with a curious question. He explained that many of the cells in his model suddenly had a strikethrough applied to the text. Naturally, he wondered…
A.CRE Apartment Development Model (Updated Dec 2024)
For several years now, our library of real estate models has been lacking a robust ground-up apartment development model. Sure, our All-in-One (Ai1) model has the capability to model multifamily development deals, but it's more a generalist…
Best Practices in Real Estate Financial Modeling (Updated Nov 2024)
Before you use one of our real estate financial models (i.e. Excel templates), or before you set out to build your own real estate analysis tool in Excel, it's important to keep in mind a few real estate financial modeling best practices. This…
A.CRE Build-to-Rent (BTR) Development Model (Updated Nov 2024)
Build-to-rent (BTR) has become more and more common in CRE and now accounts for a meaningful share of development. In the past, we've recommended A.CRE readers use our Apartment Development Model for BTR analysis. However, as we've received…
Industrial Real Estate Development Model (Updated Nov 2024)
Allow me to share my Industrial Development Model in Excel. Over the past few years, I've been working to add more specialty real estate models to our library. While our All-in-One model certainly has its place, oftentimes really digging into…
Real Estate Case Studies Creator Assistant – Custom GPT by A.CRE (Updated Oct 2024)
If you've spent any time following us here at A.CRE you know that AI applications in real estate financial modeling is a topic we are fascinated (and excited) about! As a consequence, we're underway with several initiatives to explore AI in…
Learning Real Estate Financial Modeling in Excel (Updated Oct 2024)
We're often asked by our readers how we learned to be proficient in real estate financial modeling. The question usually arises because the person wants to know how to model real estate in Excel to either land a job in commercial real estate…
Case Study #13 – “BioMedica” Chain Drugstore – Build-to-Suit Investment in Colombia (Case Only)
In this triple net lease case study, we explore a real-world scenario involving the development of a build-to-suit commercial property for a leading drugstore chain in Colombia. By examining this scenario, you will gain hands-on experience analyzing…
Introducing the A.CRE AI Assistant Custom GPT (Updated Oct 2024)
Since Michael and Spencer started A.CRE in grad school over 10 years ago, we've been fielding and responding to questions from our readers. With every question, our mission is to provide an answer that adds unique value to our reader.
As…
Watch Me Build a Dynamic Mortgage Amortization Table in Excel (Updated September 2024)
There are a few basic, yet fundamental, real estate modeling skills you must master before anyone will take you seriously as a real estate professional. Building a mortgage amortization schedule is one of them.
Virtually every model you…
Deep Dive – Land Acquisition and Assemblage (Updated September 2024)
This is a topic I'm all too familiar with. You see, I cut my teeth in real estate largely sourcing and negotiating residential and mixed-use land acquisition opportunities. I've put land deals together both as a fiduciary and as a principal,…
Watch Me Build a Residential Land Development Model (Updated Sept 2024)
Over the years, we've created a sizable library of Watch Me Build videos covering Excel models for various real estate investment and property types. However, we've yet to create a Watch Me Build involving for-sale product. So this weekend,…
Real Estate Equity Waterfall Model – IRR and Equity Multiple Hurdles (Updated Sept 2024)
Over the years, this real estate equity waterfall with annual periods and IRR or Equity Multiple hurdles has been one of the most popular models in our library of real estate Excel models. It's been downloaded thousands of times and we've received…
Supercharge Excel with the ‘Excel 4 CRE’ Add-In (Updated Aug 2024)
Today, we're thrilled to share with the A.CRE community a new timesaving (and free) Excel tool: the 'Excel 4 CRE' Add-in! Over the past year, we at A.CRE (together with our new favorite companion, ChatGPT!) have been developing and sharing this…