Since starting A.CRE, Michael and I have 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 topics in our blog; and the 50+ real estate Excel models we’ve shared publicly contain virtually everything you need to know about modeling to land a job or model your own deal. Nonetheless, no matter how many posts we publish or models we share, we continue to get the same question. What do I focus on and in what order?
So about a year ago we set out to provide a solution, and today we’re excited to share it with you – The A.CRE Accelerator.
What is the Accelerator?
The Accelerator is a reasonably priced, 16-course, 12-week training program tailored to two proficiency levels.
To those with limited real estate financial modeling skills looking to model their own deals, transition to a completely different role in CRE, or land their first job in industry.
And to those with intermediate modeling skills but gaps in their knowledge (e.g. lacking institutional modeling experience, certain property type expertise, etc.).
Furthermore, going forward we intend to add increasingly more advanced modules to the program. These modules will allow you to pursue greater property type, job role, or investment type specialization.
Accelerator – More Than Just Real Estate Financial Modeling Courses
When we started, what we didn’t want to end up with was a typical online real estate financial modeling course. We’ve all taken them and while they are a piece of the puzzle, they lack the sort of true-to-life application that leads one to true proficiency.
On top of that, Michael and I have already covered virtually every concept on our blog. Thus, creating a compilation of our 200+ posts may have been a profitable exercise, but it wouldn’t have created the value we would have wanted when we were at the early stage of our professional development.
And so we’ve set out to develop something different. An Accelerator.
Accelerator (noun): “a person or thing that causes something to happen or develop more quickly.”
An accelerator is meant to help someone who’s already on their way to get to their destination faster and more efficiently. Think of it as a toll road (or express lane) for real estate financial modeling learning.
You could read all 200 of our blog posts, take apart all 50 of our real estate models, and you’d eventually get there. Or you could speed up the process by enrolling in the A.CRE Accelerator.
In short, the goal of the Accelerator is to bring laser-focus to the process. To teach you the right information in the right order. Or in other words, you learn the modeling skills you need in a fraction of the time without wasting energy on irrelevant information.
A Real-World Curriculum
Michael and I firmly believe that you don’t truly learn real estate financial modeling until you actually do it in the real world.
The challenge is, most employers expect you to already have the skills before they interview you. And since most schools only teach the theoretical and the online courses are lacking in depth and applicability, most of us are left to our own devices to learn.
To accelerate the learning process, we’ve developed a case-based curriculum that focuses on what really goes on out here.
In our combined 25 years in real estate, we’ve modeled hundreds of institutional deals worth $20+ billion; saying nothing of the thousands of hours spent on A.CRE projects. We’ve worked carefully to create course content that parallels the realities of the industry.
For example, all deals used in the Accelerator come from our hypothetical brokerage firm – East Lang Ellis.
For each case study, this hypothetical firm shares a link to a deal War Room where you’ll find realistic looking offering (or financing) memoranda, operating statements, rent rolls, and other deal-specific documents.
Furthermore, the cases use real-to-life jargon, processes, and examples so that you learn real estate financial modeling as if a real boss was giving you real deals to underwrite.
Modern, Easy-to-Navigate, Proprietary Interface
Besides developing true-to-life content, having a learning interface that was attractive, easy-to-navigate, and housed within our Adventures in CRE site was essential. This piece took some time to come together, but thanks to a couple of people far more capable than we are, we have a learning platform we’re really excited about.
The platform will be officially ready for the world to see on January 21st 2019, but in the meantime you can get a good flavor of what it’s all about from the video below that showcases the learning method, case materials, and overall Accelerator layout.
Accelerator Initial Launch Curriculum and Schedule
The Accelerator is in its initial launch phase. We are enrolling our first heat of participants now, with the launch scheduled for January 21st 2019 and initial launch enrollment closing January 31st.
You can find a detailed list of the courses included by clicking here.
The first course plus an Accelerator user’s guide will be released Jan 21st – ‘Guide to Getting Started with the Accelerator’ and ‘Valuing Real Estate Using the Direct Capitalization Method’.
The Accelerator then runs for 12 weeks, with new courses released on Monday of each new week.
Material from each new week builds on concepts learned in previous weeks. The material builds to three capstone courses at the end: ‘Building an Acquisitions Model from Scratch’, ‘Building a Development Model from Scratch’, and ‘Solving a Real Estate Financial Modeling Test’.
About the Author: Born and raised in the Northwest United States, Spencer Burton has over 15 years of real estate investment and development experience. In his current position, Spencer assesses new acquisition, development, and debt opportunities for a $45bn real estate fund. He resides in Dallas, TX.