Welcome to the second episode of the A.CRE Consulting Podcast! In this episode, we’re thrilled to welcome back Kyle Keene, Founder and Principal of Keene Development Group. Kyle’s journey is one of vision, resilience, and groundbreaking achievements. With a decade of experience in New York City’s luxury real estate market, Kyle transitioned back to his […]
After posting the construction draw module that demonstrates how to calculate the true LTC of a development loan, I decided that since we have yet to publish a condo development model, to build upon that module to create one. This condominium model has a lot of really great functionality that will allow the user to get a […]
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 operate very similarly. This model can also be used as a condo […]
As we are currently working to develop our new RV park at Olympic National Park, RV@Olympic, we are dealing with the all too familiar monotonous processes that come with any development project. One of these tasks is organizing, managing, and processing invoices to pay our subcontractors. It is a repeatable task that is ripe for […]
Welcome to the first episode of the A.CRE Consulting Podcast! This new podcast is all about sharing expert insights, strategies, and real-world experiences in commercial real estate. We’ll be talking to industry leaders, investors, and professionals to help you navigate the CRE landscape. To kick things off, we’re sitting down with Ron Rohde, a long-time […]
The Discounted Cash Flow Method is a method to value a project by taking all future projected cash flows of the project and discounting them back to time zero (date of purchase) using a predetermined discount rate (the discount rate when used in a DCF to look at an investment can be looked at as […]
Investing in and developing an unentitled site, broadly speaking, is one of the riskiest, yet rewarding, endeavors in the commercial real estate industry. The entitlement process, in particular, is fraught with the potential for setbacks and even failure, all while significant money needs to be spent and put at risk long before any revenue can […]
This post was inspired by a question on our real estate financial modeling Accelerator forum. Additionally, Spencer and I frequently get emails asking about this very issue, which is ‘why the IRR (internal rate of return) and XIRR (extended internal rate of return) functions provide different results on the same cash flow’. Both functions aim […]
This is the fifth in a series of commercial real estate case studies shared by A.CRE. These case studies are meant to help you practice to master real estate financial modeling. The Jefferson Branded Condo Development puts you in the position of boutique condo developer considering investing in a to-be-built branded condo project. You are […]
This case study on hotel acquisition is the fourth in a series shared by A.CRE, designed to enhance your skills in real estate financial modeling. In this scenario, you take on the role of an associate at a prominent firm specializing in debt and equity capital for value-add and opportunistic hospitality investments. Your task is […]
Not to be confused with Spencer’s masterpiece, The A.CRE Apartment Development Model, I decided to build a second option on our website for multifamily development with a different feel. For us true modeling nerds out there, we know that financial modeling and the way we present our underwriting models is equal parts math and art. […]
One of the many challenges of both analyzing real estate development deals and managing development projects is understanding and tracking the numerous differing but intertwining work streams. The more a development team takes the time to understand and map out the processes, the better chance there is of the project being successful. It is with that […]
Excited to share the new A.CRE Hotel Development Model with everyone. As evidenced by the numerous requests we have gotten for this over the years, this model is long overdue so I’m quite happy to get it out there finally. At the core, the hotel development model is basically a hybrid of our Hotel Acquisition […]
Created to underwrite one of my projects, RV@Olympic, the RV Park Development Model is something I built and have been working with frequently over the past year. What’s especially unique about this model is that the template you are getting here actually contains the current underwriting projections of this project as of the date of […]
The internal rate of return is one of the most commonly used return metrics to analyze real estate investment opportunities. Simply put, the IRR is the anticipated, project-determined discount rate an investor is expected to earn over the life of the investment if the investment performs as projected. An example of how it works is […]