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Real Estate Financial Modeling Accelerator (Updated April 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…

Pro Forma

A financial projection that provides an estimate of the potential income, expenses, and profitability of a real estate investment or development project. Typically used for planning, analysis, and decision-making purposes, a real estate pro…

CBD

See Central Business District.

CCRC

See Continuing Care Retirement Community.

Central Business District

The central business district (CBD) is typically the center of business and economic activity of a city. Land use is generally more dense urban infill with various land uses, including retail, office, hotel, government, and entertainment buildings,…

Certified Commercial Investment Member

A commercial real estate designation issued by the CCIM Institute. The abbreviation CCIM stands for Certified Commercial Investment Member. To earn the CCIM designation, candidates must complete an education component, demonstrate experience…

Community Center (“Large Neighborhood Center”)

A community center is a retail subtype distinguished for its convenience-oriented offerings and general merchandise, wide range of clothing stores, and a higher variety of goods than Neighborhood Centers. Off-price retailers, supermarkets, and…

Convenience or Strip Center

This retail subtype is characterized by having a row of stores, with on-site parking often found in the front of the stores. Open canopies may be used to connect store fronts of the tenants at the center. Average size may be 10,000 - 15,000…

Cross-docked

In an industrial cross-docked building, dock doors are located on opposite sides of the building (typically the front and rear), which allows for the unloading of goods from inbound delivery trucks and loading the same goods directly onto outbound…

Dark Value

The dark value is often analyzed by lenders to more completely understand risk. It refers to the value of the property should the main tenant "go dark" or vacate the property. This is a more crucial risk metric in scenarios where there is a…

Duration

See Mortgage Loan Duration.

EGR

See Effective Gross Revenue.

GMP

See Guaranteed Maximum Price.

Garden Apartment

Low-rise apartments set on a sizable, landscaped plot and typically operate under a single management. They are characterized by being surrounded with lawns, trees, and gardens. These apartment subtypes will most likely offer access to a backyard…

Front-load

Front-load warehouses have the loading docks on the front of the building, in relation to the street from which trucks enter.

Festival Center

See Theme Retail Center.