In commercial real estate investing, the ability to forecast an asset’s potential cash flows, anticipate market trends and make accurate predictions is essential – especially in an environment of flat or rising rates. This skill, sometimes referred to as ‘superforecasting,’ is something I’ve been actively working to master in my own career. One of my […]
Generally speaking, equity real estate investors spend their time modeling the upside while their debt partners spend their time modeling the downside. Equity investors generally focus on an investment’s internal rate of return, cash-on-cash return, equity multiple and other return metrics while debt investors focus on debt coverage, loan to value, debt yield and refinance […]
I feel a personal sense of urgency around mastering generative AI for use in real estate. It’s clear to me that this technology will fundamentally change how we operate within the industry, and I want to ensure I’m on the front end of that change. As a result, I’m regularly taking courses that expand my […]
Traditionally in commercial real estate, each organization builds its own proprietary sales comp database and then gives its analysts access to that database in order to perform comp analysis. As AI becomes more and more important, pairing the analyst team with AI tools to speed/improve that real estate analysis is essential. Thus, at the individual […]
In early 2023, we here at A.CRE began exploring use cases for AI in commercial real estate. Since that time, we have released nine such posts covering topics such as using AI in the real estate job search, using AI to expand on Excel’s capabilities, using AI for real estate research, etc. However, this post […]
If you’re an A.CRE reader, you know we’re actively exploring the numerous use cases for generative AI in commercial real estate. As part of those efforts, we’ve used ChatGPT to help us build a custom Excel add-in for CRE professionals, used ChatGPT as an analyst to assess sale comps and create a lease abstract, asked […]
Here’s the scenario. You’re a real estate developer. You spot a prime parcel of land that would be perfect for your real estate project. So you approach the owner of the land about selling and she says, “Okay, bring me an offer.” How much do you pay? What is the land even worth to you? […]
If you’ve spent much time working with elaborate Excel workbooks that rely on iterative calculations to solve formulas with circular logic, you’ve undoubtedly come across a problem where if you accidently put an erroneous value in an input cell that the circular logic relies on, the entire workbook errors out permanently. This can be incredibly frustrating […]
As part of our ongoing series of YouTube Shorts, we recently published a video about the importance of keeping a personal commercial real estate deal sheet (see video below). In this context, a real estate deal sheet is a comprehensive list of investments that a real estate professional has worked on in their career. The […]
As you may know, we here at A.CRE have been exploring various use cases for AI in commercial real estate. When ChatGPT plugins were released in May 2023, the tool gained an ability to act like a young real estate analyst; namely to source and organize information. The first such use case showed how connecting […]
Another post in a growing series on how to use ChatGPT in commercial real estate. In our real estate financial modeling Accelerator program we have a Q&A. Members of the Accelerator ask the A.CRE team questions, and we provide answers. Depending on the complexity/nature of the question, either Arturo, Emilio, Kyle, Michael, or I respond. […]
Pre-2008, I bought and sold my fair share of single family homes – both for investment purposes (rental or flips) and to live in. In those days, almost everyone was “investing” in residential real estate – hence the market crash. I personally don’t have any plans to get back into buying and selling homes, beyond […]
Volver a la escuela es un compromiso enorme. Primero está el proceso de admisión, que implica pasar horas y horas estudiando para el GMAT o el GRE, rellenar largas solicitudes de admisión, escribir docenas de ensayos sin sentido, preparar y hacer entrevistas de admisión informales y formales, y soportar el estrés de no saber si […]
The fourth blog post in this series on how to use ChatGPT in commercial real estate. As real estate financial modeling professionals, we’re often tasked with creating complex logic in Excel. Depending on one’s Excel proficiency, that task used to take anywhere from a few minutes to a few days. In fact, I remember certain […]
This is another post in our growing series on how to use ChatGPT in commercial real estate. In this post, I show you how I used ChatGPT to build an Excel Add-in. For a bit of back story. A.CRE recently set out to create a free Excel add-in to supercharge Excel for real estate financial […]