Entries by Spencer Burton

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Real Estate Financial Modeling Accelerator (Updated March 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 topics in our blog, published hours of video, and shared 60+ real estate Excel models in our Library. Nonetheless, no […]

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Office Real Estate Development Model (Updated Mar 2024)

I’m excited to share my Office 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 is an adaptation of my Industrial Development Model. It’s specifically built to analyze both merchant-build and build-to-core, ground-up […]

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Industrial Real Estate Development Model (Updated Mar 2024)

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 the underwriting of a deal takes a hyper-focused tool. This model has spawned sister Office […]

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Retail Real Estate Development Model (Updated Mar 2024)

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 is an adaptation of my Office Development Model and Industrial Development Model. It’s specifically built to analyze both […]

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Construction Draw and Interest Calculation Model (Updated Feb 2024)

I originally uploaded this equity/construction loan draw and interest calculation tool to our library of real estate financial analysis models in 2016. Over the years, I’ve continued to update it as suggestions, comments, and requests flowed in from our readers. The model is meant to be used to forecast construction budget cash flows (uses), and then model […]

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Land Development Model – Multi-Scenario (Updated Feb 2024)

Over the years, we’ve shared eight development-focused real estate financial models and numerous development-specific tools to the A.CRE Library of Excel Models. Nevertheless, there’s been a hole in the development offerings in our library. The library has been missing a model to analyze general land development scenarios, such as master-planned residential and commercial developer opportunities […]

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A.CRE Apartment Development Model (Updated Feb 2024)

For several years now, our library of real estate models has been lacking a robust ground-up apartment development model. Sure, our All-in-One (Ai1) model has the capability to model multifamily development deals, but it’s more a generalist tool than a specialized one. As a result, I’ve found it wanting when used to model developments. So a few […]

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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 flows for my clients and investor partners. I’ve since transitioned into the institutional side […]

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AI Tools for Commercial Real Estate (Feb 2024 Edition)

If you haven’t noticed, we’ve been exploring use cases, training, and tools related to AI in commercial real estate a lot lately! The reason is that Artificial intelligence (AI) is poised to revolutionize the commercial real estate industry by transforming the way acquisitions, development, management, advisory, and marketing teams in the industry operate. AI tools […]