I’m often asked to share models centered around residential development and home building. This is an area of real estate I’m completely comfortable in, since I spent the first 10 years of my career in new residential development. Not surprisingly, I’ve assembled a decent size library of Excel pro formas for land developers and home […]
Back in 2022, we sat down with Aleks Gampel for an episode of the A.CRE Audio Series to talk about an audacious new venture he was co-founding called Cuby Technologies. A long-time follower of A.CRE, Aleks laid out a bold vision for a world where we could build cities in days instead of years. You […]
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 in value-add scenarios. So today, I’m excited to share a new apartment model; this one built […]
Going back to graduate school is a huge commitment. First there’s the admissions process, which means spending hours and hours studying for the GMAT or GRE, filling out lengthy admissions applications, writing dozens of mindless essays, preparing for and doing informal and formal admissions interviews, and enduring the stress of not knowing if you’re in, or […]
I thought I’d share a few thoughts that came to mind as Michael and Sam were in town recording the latest season of the A.CRE Audio Series. We spent a lot of time talking about AI – what’s real and what’s not, where it might take the industry, and how it’s already reshaping our work. […]
Over the years, we’ve created a sizable library of Watch Me Build videos covering Excel models for various real estate investment and property types. However, we’ve yet to create a Watch Me Build involving for-sale product. So this weekend, I thought I’d sit down and record myself building a residential land development model. The exercise […]
I originally built this single tenant net lease (NNN) valuation Excel model back in 2016. Based on some feedback from a few of our readers, I’ve since made quite a few updates (see v2.0 updates video below). This model is an attempt to re-think how the industry underwrites single-tenant net lease investments. The model is […]
Over the past seven years, we’ve built the Accelerator into what it is today: a well-structured, case-based program designed to teach real estate financial modeling the way it’s actually used in the industry. Along the way, we’ve created thousands of hours of video content, authored hundreds of lessons, and responded to over 2,000 member questions […]
When downloading and opening an Excel model from A.CRE, some users may get the ominous message: “Microsoft has blocked macros from running because the source of this file is untrusted.” If you’ve received this message, you’re probably asking, “Why did this message appear, and can I use the file without macros?” In this tutorial, I’ll […]
Want a better way to track what’s happening in CRE markets—before traditional metrics catch up? We’re partnering with Marquette University to build a powerful new AI-powered metric called the Real Estate Headline Sentiment Index (REHSI) —and we need 30-seconds of your time to help guide it (and in return, we’ll get you free early access!). […]
A few days ago, I came across this internal memo from Shopify’s CEO, Tobi Lütke, which he decided to publicly share because it was already in the process of being leaked. The memo was honest, direct, and (to me) deeply resonant. “Reflexive AI usage is now a baseline expectation at Shopify.” That line stopped me […]
When building a real estate financial model, managing income and expense growth is rarely as simple as applying a fixed growth rate year over year. In real estate investment analysis, growth assumptions need to be flexible, dynamic, and reflective of real-world realities. One common challenge is modeling irregular growth rates, where: Growth occurs annually but […]
In 2018, Michael and I designed and built the A.CRE Accelerator program. Our goal was to create the preeminent tool for mastering real estate financial modeling—a program that would provide a clear path to expertise and give Accelerator Graduates a significant edge in the industry. Now, as we celebrate the Accelerator’s evolution and its impact […]
A few years back, on a sleepy Saturday afternoon while my kids were busy eating Halloween candy, I decided to create a simple real estate acquisition model in Excel for office, retail, and industrial deals. Since then, I’ve made various updates, including error fixes and functional improvements. The model calculates returns at the property and […]