Real Estate Financial Modeling

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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated Nov 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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Residential Land Development Pro Forma (Updated Feb 2024)

As many of you know, I started my career in residential land development first as a broker and later as a principal. During that time I built my fair share of residential land development Excel pro formas, modeling returns and forecasting cash…
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Hotel Development Model (Updated February 2024)

Excited to share the new A.CRE Hotel Development Model with everyone. As evidenced by the numerous requests we have gotten for this over the years, this model is long overdue so I'm quite happy to get it out there finally. At the core, the…
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RV Park Development Model (Initial Release)

Created to underwrite one of my projects, RV@Olympic, the RV Park Development Model is something I built and have been working with frequently over the past year. What’s especially unique about this model is that the template you are getting…
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Modeling a Property Tax Abatement in Real Estate (Updated Jan 2024)

We often field questions about how to model property tax abatements. It's a concept we cover in our the 'Advanced Modeling - Property and Portfolio' endorsement in our Accelerator real estate financial modeling training program and something…
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Single Family Home Construction Pro Forma for Home Builders (Updated Jan 2024)

I'm often asked to share models centered around residential development and home building. This is an area of real estate I'm completely comfortable in, since I spent the first 10 years of my career in new residential development. Not surprisingly,…
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Using an IRR Matrix to Determine Hold Period (Updated Dec 2023)

When building a real estate financial pro forma, it's important to model for and include a summary of various return and risk metrics. Among the different return metrics, the internal rate of return (IRR) - both on an unlevered and levered…
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Actual + Forecast Construction Draw Schedule with S-Curve (Updated Dec 2023)

Several times in the last month, I've been asked to tackle an interesting real estate financial modeling challenge - pare actual construction draw cash flows with s-curve cash flow forecasts to create an Actuals + Forecast Construction Draw…
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Set Your New Year’s Resolutions Using Our Custom GPT

As we approach the end of the year, it's a time many of us pause to reflect and plan for the future. In my own career, I've always found the transition into a new year to be a prime opportunity for setting ambitious yet achievable goals. This…
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Introducing Weighted Equity Multiple: An Alternative for Dynamic CRE Investments

Across a 22+ year career in the industry, I've encountered a range of complex scenarios that traditional metrics sometimes struggle to accurately capture. A case in point that has been top of mind for me recently is a weakness in the Equity…
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Self Storage Acquisition Model (Updated Nov 2023)

I've spent the past few weekends working on a purpose-built Self Storage Acquisition Model, and I'm now happy to share the result of that work with you. This is a model that's been requested by quite a few A.CRE readers over the past few years.…
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A.CRE Value-Add Apartment Acquisition Model (Updated Nov 2023)

We've shared a handful of apartment models over the years. Several of those are capable of analyzing apartment acquisitions but none was built for the express purpose of modeling value-add apartment deals. As a result, each has its limitations…
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Refinance Risk Analysis Tool in Excel (Updated Nov 2023)

Generally speaking, equity real estate investors spend their time modeling the upside while their debt partners spend their time modeling the downside. Equity investors generally focus on an investment's internal rate of return, cash-on-cash…
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1031 Exchange – Overview and Analysis Tool

A 1031 Exchange, or Like-kind Exchange, is a strategy in which a real estate investor can defer both capital gains tax and depreciation recapture tax upon the sale of a property and use that money, which has not been taxed, to purchase a like-kind…
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Using ChatGPT as a Real Estate Analyst – Sales Comp Analysis (Updated Aug 2023)

In early 2023, we here at A.CRE began exploring use cases for AI in commercial real estate. Since that time, we have released nine such posts covering topics such as using AI in the real estate job search, using AI to expand on Excel's capabilities,…
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Commercial Real Estate Lease Analysis Tool (Updated Jul 2023)

The topic of analyzing commercial real estate leases from the perspective of the landlord and/or tenant has come up several times over the years. And while I generally respond to requests for new models or tools at A.CRE, I've been hesitant…