, , ,

Real Estate Financial Modeling Accelerator (Updated April 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…
, , , ,

Setting Up a New Real Estate Financial Model – Date and Period Headers Plus Formatting (Updated Apr 2022)

We've spent a lot of time here discussing and sharing different real estate models, and we've received a ton of feedback from our readers as a result. In some of that feedback we've received, several people have asked what period and date rows…
,

Office Purchase and Sales Agreement

This article outlines specific concerns related to an office commercial real estate purchase and sales agreement. Below, we'll discuss the clauses in the agreement to adjust from a neutral agreement between buyer and seller. You can download…
, , , ,

Wordsmithing your Commercial Real Estate Resume

Are you questioning what’s on your commercial real estate resume? Don't overlook the tip I discuss below to help land the interview. The goal of your resume is to get an interview. So, if you are sending a bunch of resumes out, but not…
, , , , , , , , ,

Construction Draw Schedule: Accounting For True LTC (Updated Apr 2022)

When lenders provide debt for a development project, they lend based on a Loan-to-Cost ratio (LTC), which is simply the percent of the total budget the lender will agree to lend to the borrower. So, if a project costs $10MM, and a lender loans…
real estate professional using the income approach, a financial tool to value income producing property
, , , , ,

A.CRE 101: How to Use the Income Capitalization Approach to Value Income-Producing Property (Updated Apr 2022)

In commercial real estate, there are a few generally accepted methods for appraising (or valuing) real property. The three most common are the Cost Approach, the Sales Comparison Method, and the Income Approach. The Income Approach includes…
,

How Innovation is Poised to Disrupt Development with Aleks Gampel | S3SP7

This episode of the A.CRE Audio Series features Aleksandr Gampel, a real estate professional and co-founder of Cuby Technologies. Cuby is a tech company working to innovate current real estate construction and development methods. As Aleks…
Real estate land development project
, , , ,

Land Equity – Collaborative Development Strategies with the Landowner

In this article, we'll talk about land equity development strategies where the landowner contributes their land to the partnership. In these situations, land ownership is either immediately conveyed or deferred until development is complete.…
, , , ,

Convert Monthly Cash Flows to Quarterly and Annual Cash Flows (Updated Mar 2022)

Over the past few years, I've been working to build an ARGUS DCF alternative in Excel - or otherwise known here as the A.CRE All-in-One (Ai1) Model. As I've worked on that model, I've been jotting down modeling techniques I use and think would…
SNDA: Subordination, Non-Disturbance, and Attornment Agreement
,

Subordination, Non-Disturbance, and Attornment Agreement (SNDA)

We will be going over the concepts of a Subordination, Non-Disturbance, and Attornment Agreement (“SNDA”) with commercial real estate attorney Ron Rohde. SNDA Template Walkthrough As a tenant of a commercial real estate property,…
Preferred Return Return Capital
, ,

Timing of Preferred Return vs Return of Capital in an Equity Waterfall with IRR Hurdles

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…
, , , ,

How to Gain a Unique Advantage in your Post-College Job Search

Here’s the status quo for most college students. You find yourself balancing a social life, 12+ hours of school, extracurricular activities, athletics, jobs, unexpected life curveballs, and parents’ high expectations for you. For those of…
,

Standard Industrial Lease – Triple Net Lease (NNN)

In the video and written tutorial below, we'll be walking through a commercial real estate standard industrial lease (triple net lease) with commercial real estate attorney Ron Rohde. The triple net lease is one of the most common lease structures…
,

Phosphor and Oliver Beavers – Changing the Way Real Estate is Underwritten | S3SP6

In this special episode of the A.CRE Audio Series, we talk with a special guest and friend to A.CRE, Oliver Beavers, the founder of Phosphor who is working on a new financial modeling tool. Originally, similar to multiple new professionals…
, , , , ,

Underwriting a Tenant with Private Credit

Recently, we had an Accelerator member ask a question about how to accurately determine a credit rating and spec income discount rate for a private tenant in a single tenant net lease deal. While the scenario specifically involved a medical…
, ,

University of Cincinnati – Undergraduate Real Estate Profile

Choosing where to go to college can be a difficult and stressful situation. Coming out of high school, I didn’t know exactly what I wanted to do, but I knew I wanted to study Real Estate and/or Finance. I am not sure if this made my college…