
Real Estate Financial Modeling Accelerator (Updated September 2026)
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…

The Definitive Guide to Microsoft Excel for Real Estate (Updated Aug 2026)
Microsoft Excel is the primary tool used by real estate financial modeling professionals. Even while numerous non-Excel alternatives have attempted to de-throne Excel, the 35+ year-old software has shown to be surprisingly resilient to competition.…

An AI Skill for the A.CRE Industrial Development Model
We've been working on a project to make our library of Excel models AI-ready. The idea is straightforward: pair every A.CRE Excel model with an AI Skill, a packaged set of instructions and reference files that teaches an AI assistant how to…

Industrial Real Estate Development Model (Updated Aug 2026)
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…

Cuando las Apuestas Superaron al Mercado: Crisis Financiera del 2008, Parte 4
Parte 4 de mi serie recorriendo la crisis financiera de 2008 desde la óptica de los bienes raíces, y la parte donde entran en escena los credit default swaps. Si recién te sumas, en la Parte 1 miré por qué se le tuvo tanta confianza…

How the Bets Outgrew the Market: 2008 Crisis, Part 4
Part 4 of my series working through the 2008 financial crisis from a real estate perspective, and the part where credit default swaps enter the story. If you're new to the series, in Part 1 I looked at why the mortgage was trusted, in Part 2…

Modelo De Desarrollo De Centros Comerciales en Excel (Actualizado Agosto 2026)
El modelado financiero inmobiliario es una herramienta esencial para analizar, proyectar y optimizar inversiones en bienes raíces comerciales. Dominar su estructura permite evaluar de manera precisa la viabilidad de proyectos, anticipar escenarios…

Understanding the AI Tech Stack: Model, Harness, Tools, Knowledge, and Human Judgment
For the past few years, we've spent a ton of time testing dozens of AI models. Starting at gpt-3 in 2022, to most recently Grok 4.6. From closed source models like Anthropic's Opus to open weight models like Kimi or Nemotron.
As part of that…

Retail Real Estate Development Model (Updated Aug 2026)
I'm excited to share my Retail Development Model in Excel. This pro forma analysis tool comes as I've continued to build and share specialty real estate models, tailor-made for specific investment scenarios and property types.
This model…

Mejores Prácticas en el Modelado Financiero Inmobiliario (Actualizado Agosto 2026)
Antes de utilizar uno de nuestros modelos financieros inmobiliarios (es decir, plantillas de Excel), o antes de comenzar a crear tu propia herramienta de análisis inmobiliario en Excel, es importante tener en cuenta las mejores prácticas en…

An AI Skill for the A.CRE Mixed-Use Development Model: Condo and Retail
We've been working on a project to make our library of Excel models AI-ready. The idea is straightforward, pair every A.CRE Excel model with an AI Skill, a packaged set of instructions and reference files that teaches an AI assistant how to…

Mixed-Use Development Model: Condo and Retail (Updated Aug 2026)
In this post, I walk you through the A.CRE Mixed Use Development Model for Condo and Retail projects. The model is basically a reworked and expanded version of the Condo Development Model, so if you are familiar with that, this should feel and…

Modelo Financiero para la Adquisición de Mini Bodegas (Self-Storage) (Actualizado Agosto 2026)
En A.CRE, hemos construido una biblioteca completa de modelos financieros inmobiliarios en español, que abarca desde adquisiciones hasta desarrollos, pasando por valuación, deuda, propiedad multifamiliar, oficinas, almacenamiento, centros…

There Has Never Been an Easier Time to Stand Out in CRE
A student reached out to me a couple weeks ago with a question I get some version of almost every week.
He is a rising junior, interning at a firm any of you would recognize, attends a good school, and has already done the work to become…

Best Practices in Real Estate Financial Modeling (Updated August 2026)
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…

Episode 15 of Multipliers: How to Stand Out in a Stack of 300 Resumes
There is a TikTok trend Spencer describes in this episode: a video of a crowd of college students, all wearing the same mom jeans and white shirts, each one convinced she is unlike anyone else in the frame. The caption is something like "there…
