
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…

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…

Cómo se Construyó la Torre: Crisis Financiera del 2008, Parte 3
Parte 3 de mi serie recorriendo la crisis financiera de 2008 desde la óptica de los bienes raíces. Si recién te sumas, en la Parte 1 miré por qué se le tuvo tanta confianza a la hipoteca, y en la Parte 2 seguí un pago hipotecario…

Self Storage Acquisition Model (Updated Aug 2026)
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.…

How the Tower Was Built: 2008 Crisis, Part 3
Part 3 of my series working through the 2008 financial crisis from a real estate perspective. If you're new to the series, Part 1 I looked at why the mortgage was trusted, and in Part 2 I followed a single mortgage payment down the chain and…

Modelo Financiero Inmobiliario Para el Desarrollo de Oficinas en Excel (Actualizado Julio 2026)
Desde que inicié mi travesía en el mundo financiero de los bienes raíces, he tenido la oportunidad de recrear dos modelos financieros de desarrollo inmobiliario: uno para edificios y otro para centros comerciales. Estas experiencias no solo…

A.CRE Value-Add Apartment Acquisition Model (Updated July 2026)
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…

Pro Forma For Multifamily Renovation (Updated July 2026)
I'm excited to share the Pro Forma for Multifamily Renovation model with all of you. This multifamily renovation model is made to analyze value add apartment acquisition opportunities and has a lot of functionality that is meant to provide you…
