LIBRARY OF REAL ESTATE EXCEL MODELS
The world’s largest library of readily accessible real estate Excel models
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LIBRARY OF REAL ESTATE EXCEL MODELS
The world’s largest library of readily accessible real estate Excel models
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All 141 /General 0 /Office 15 /Compensation Statistics 0 /Tutorials 0 /Real Estate Financial Modeling Accelerator 0 /Letter of Intent 0 /Value-Add 0 /Terreno 0 /Desarrollo 0 /Bienes Inmuebles de America Latina 0 /Market News 0 /Retail 16 /Crowdfunding 0 /Back Of The Envelope 0 /Acquisitions 0 /Office 0 /Partnership 0 /Modelado Financiero Inmobiliario 0 /RV Park 0 /LatAm CRE 0 /RE Education 0 /Industrial 14 /Building SF 0 /Real Estate Mental Math 0 /Asset Management 0 /Abstract 0 /Industrial 0 /Tips de Excel 0 /Métricas 0 /AI Applications for CRE 0 /Net Lease 0 /Single Family 9 /Development 25 /MBA in Real Estate 0 /Valuation 0 /Real Estate Case Studies 0 /Development 0 /Educación 0 /Indicadores 0 /AI Training 0 /Careers 0 /Tutorial 45 /Standalone 38 /Ai1 Download 0 /Entitlements 0 /Acquisition 0 /Land 0 /A.CRE 101 - Conceptos Básicos en Bienes Inmuebles Comerciales 0 /Deuda 0 /AI Tools for CRE 0 /Real Estate Financial Modeling 0 /Equity Waterfall 15 /Acquisition 33 /Ai1 Tutorials 0 /Careers (Deep Dive) 0 /Apartment 0 /Retail 0 /Mirame Construir 0 /Préstamo 0 /Multifamiliar 0 /Excel Tips 0 /Modules 39 /Value-Add 17 /Role Types 0 /Audio Series 0 /Value-Add 0 /Accelerators in Action 0 /LinkedIn Networking 0 /Universidades de Bienes Inmuebles 0 /Multifamily 0 /Excel Models 0 /Excel Add-ins 9 /Debt 11 /A.CRE 101 - Basic Concepts in Commercial Real Estate 0 /Season 1 0 /Office 0 /Asset Management 0 /A.CRE Real Estate Sponsor Series 0 /Maestría en Bienes Inmuebles 0 /Income Approach 0 /Argus 0 /University Real Estate Education 0 /Special Topics 0 /Watch Me Build 0 /Google Sheets 0 /Retail 0 /Contract to Close 0 /Condominio 0 /Maestría en Administración de Empresas 0 /Enfoque Basado en Ingresos 0 /Interesting Deals 0 /Real Estate Taxes 0 /A.CRE All-in-One (Ai1) Model 18 /CRE Vocabulary 0 /Undergraduate Education 0 /Core 0 /Townhome 2 /Industrial 0 /Carreras 0 /Tipos de Roles 0 /Leases 0 /Stochastic Modeling 0 /Condo 5 /Deep Dive 0 /Real Estate Legal 0 /STNL 0 /Season 3 0 /Cascada de Equidad 0 /Inteligencia Artificial 0 /Oficina 0 /Investment Analysis 0 /Technology 0 /Sources of Capital 0 /Acquisition 0 /Hotel 0 /International CRE 0 /Student Housing 0 /Real Estate Clubs 0 /Interviews 0 /Masters in Real Estate Profiles 0 /Resume 0 /Real Estate Private Equity 0 /Season 2 0 /PSA 0 /Modelos Financieros Inmobiliarios 0 /Glosario 0 /Profundiza 0 /Hotel 9 /Asset Management 3 /Book Reviews 0 /Development 0 /Promo 0 /Multifamily 0 /Apartamento 0 /Artificial Intelligence 0 /Valuación 0 /Portfolio 2 /Land Development 10 /Jobs 0 /Self Storage 2 /Leasing 0 /Day in the Life 0 /Español 0 /Hotel 0 /First CRE Job 0 /Apartment 15 /Basics 0 /A.CRE Job Board 0 /Land 0 /Affordable Housing 1 /Includes Solution 0 /Tutoriales 0 /Adquisición 0 /Centros Comerciales 0
Office Real Estate Development Model (Updated Sep 2023)
September 15, 2023/by Spencer BurtonConstruction Draw and Interest Calculation Model (Updated Aug 2023)
August 30, 2023/by Spencer BurtonSupercharge Excel with the ‘Excel 4 CRE’ Add-In (Updated Aug 2023)
August 27, 2023/by Spencer BurtonAll-in-One (Ai1) Model for Underwriting Development and Acquisitions (Updated Aug 2023)
August 22, 2023/by Spencer BurtonLand Development Model – Multi-Scenario (Updated Aug 2023)
August 19, 2023/by Spencer BurtonIndustrial Real Estate Development Model (Updated Aug 2023)
August 14, 2023/by Spencer BurtonGround Lease Valuation Model (Updated Aug 2023)
August 5, 2023/by Spencer BurtonExcel Pro Forma for Flipping Houses (Updated Aug 2023)
August 4, 2023/by Spencer BurtonCommercial Real Estate Lease Analysis Tool (Updated Jul 2023)
July 31, 2023/by Spencer BurtonA.CRE Value-Add Apartment Acquisition Model (Updated Jul 2023)
July 15, 2023/by Spencer BurtonCalculate Residual Land Value in Excel (Updated Jul 2023)
July 14, 2023/by Spencer BurtonA.CRE Self Storage Development Model (Updated Jul 2023)
July 13, 2023/by Spencer BurtonThe Circuit Breaker – How to Fix Circular Reference Errors in Excel
June 19, 2023/by Spencer BurtonA.CRE Apartment Development Model (Updated June 2023)
June 11, 2023/by Spencer BurtonRV Park Acquisition Model (Updated May 2023)
May 2, 2023/by Michael BelascoSingle Family Residential Investment Analysis Model (Updated Apr 2023)
April 27, 2023/by Spencer BurtonSingle Family Rental Proforma (Updated Apr 2023)
April 22, 2023/by Michael BelascoStudent Housing Acquisition Model (Updated Apr 2023)
April 8, 2023/by Spencer BurtonCondominium Development Model (Updated April 2023)
April 6, 2023/by Michael BelascoRetail Real Estate Development Model (Updated Mar 2023)
March 10, 2023/by Spencer BurtonLetter of Intent for Multifamily Real Estate
January 11, 2023/by Ron RohdeResidential Land Development Pro Forma (Updated Dec 2022)
December 10, 2022/by Spencer BurtonLetter of Intent for Commercial Industrial Purchase
November 30, 2022/by Ron RohdeCreate A Dynamic Revenue Row to Calculate Multiple Tenant Leases (Updated Nov 2022)
November 17, 2022/by Michael BelascoHotel Development Model (Updated November 2022)
November 7, 2022/by Michael BelascoLinear Mortgage Payment Schedule Tool (Updated Oct 2022)
October 19, 2022/by Spencer BurtonLoan Payment Schedule and Balance Tracking Tool (Updated Oct 2022)
October 13, 2022/by Spencer BurtonUsing an IRR Matrix to Determine Hold Period (Updated Sep 2022)
September 22, 2022/by Spencer BurtonA.CRE Hotel Valuation Model in Excel (Updated Sept 2022)
September 5, 2022/by Michael BelascoReal Estate Portfolio Valuation Model (Updated Aug 2022)
August 14, 2022/by Spencer BurtonSelf Storage Acquisition Model (Updated Aug 2022)
August 12, 2022/by Spencer BurtonReal Estate Confidentiality Agreement
August 2, 2022/by Ron RohdeThe Advanced Mortgage Amortization Module (Updated Jul 2022)
July 19, 2022/by Spencer BurtonWatch Me Build – American-Style Real Estate Equity Waterfall (Updated Jun 2022)
June 27, 2022/by Spencer BurtonSingle Tenant NNN Lease Valuation Model (Updated Jun 2022)
June 17, 2022/by Spencer BurtonCommercial Mortgage Loan Analysis Model (Updated Jun 2022)
June 15, 2022/by Spencer BurtonTenant Sales and Occupancy Cost in Retail Underwriting (UPDATED JUNE 2022)
June 2, 2022/by Spencer BurtonPublicly Traded Tenant Analysis Tool (Updated May 2022)
May 28, 2022/by Michael BelascoForecasting After-Tax Cash Flow in Real Estate Analysis (UPDATED MAY 2022)
May 27, 2022/by Spencer BurtonScenario Analysis Tool using the Equity Waterfall Model (UPDATED MAY 2022)
May 24, 2022/by Spencer BurtonReal Estate Development Tracker (UPDATED MAY 2022)
May 18, 2022/by Michael BelascoReal Estate Debt Module in Excel (Updated May 2022)
May 12, 2022/by Spencer BurtonReal Estate Capital Account Tracking Tool (UPDATED MAY 2022)
May 10, 2022/by Spencer BurtonPhysical Occupancy Calculation Model for Real Estate (UPDATED MAY 2022)
May 6, 2022/by Spencer BurtonHide and Unhide Tabs using Drop-down Menus in Excel (UPDATED MAY 2022)
May 3, 2022/by Spencer Burton4-Tier Equity Multiple Waterfall – Download and Watch Me Build (UPDATED APR 2022)
April 28, 2022/by Michael BelascoDevelopment Draw Schedule – Visually Customize Each Line Item (UPDATED APR 2022)
April 26, 2022/by Michael BelascoSetting Up a New Real Estate Financial Model – Date and Period Headers Plus Formatting (Updated Apr 2022)
April 23, 2022/by Spencer BurtonOffice Purchase and Sales Agreement
April 21, 2022/by Ron RohdeConstruction Draw Schedule: Accounting For True LTC (Updated Apr 2022)
April 20, 2022/by Michael BelascoA.CRE 101: How to Use the Income Capitalization Approach to Value Income-Producing Property (Updated Apr 2022)
April 19, 2022/by Spencer Burton1031 Exchange – Overview and Analysis Tool (Updated Apr 2022)
April 12, 2022/by Michael BelascoConvert Monthly Cash Flows to Quarterly and Annual Cash Flows (Updated Mar 2022)
March 27, 2022/by Spencer BurtonTiming of Preferred Return vs Return of Capital in an Equity Waterfall with IRR Hurdles
March 17, 2022/by Spencer BurtonUnderwriting a Tenant with Private Credit
February 15, 2022/by Spencer BurtonRefinance Risk Analysis Tool in Excel (Updated Feb 2022)
February 7, 2022/by Spencer BurtonTutorials for the A.CRE Apartment Development Model
February 1, 2022/by Spencer BurtonReal Estate Equity Waterfall Model – IRR and Equity Multiple Hurdles (Updated Jan 2022)
January 4, 2022/by Spencer BurtonPro Forma For Multifamily Renovation (Updated 11.17.2021)
November 17, 2021/by Michael BelascoWatch Me Solve a REPE Technical Interview Modeling Test (Updated Nov 2021)
November 9, 2021/by Spencer BurtonS-Curve Forecasting in Real Estate Development (Updated Sep 2021)
September 30, 2021/by Spencer BurtonReal Estate Equity Waterfall Model With Cash-on-Cash Return Hurdle (Updated Sep 2021)
September 3, 2021/by Spencer BurtonReal Estate Equity Waterfall Model – Monthly Periods (Updated Jul 2021)
July 27, 2021/by Spencer BurtonWatch Me Build – Custom Rent Schedule Module
July 22, 2021/by Spencer BurtonA.CRE Geocoding Excel Add-in to Auto-Populate Latitude and Longitude in Excel (Updated Jul 2021)
July 14, 2021/by Spencer BurtonCustom Function to Auto-Populate Latitude and Longitude in Excel (Updated 2021)
July 3, 2021/by Spencer BurtonDeep Dive – Land Acquisition and Assemblage
June 23, 2021/by Spencer BurtonReal Estate Sources and Uses of Capital Module
June 9, 2021/by Spencer BurtonCould You Be Exiting Too Early? Don’t Forget to Analyze Your Reinvestment Rate
May 12, 2021/by Michael BelascoTutorials for A.CRE Value-Add Apartment Acquisition Model
May 11, 2021/by Spencer BurtonReal Estate Equity Waterfall Model with Catch Up and Clawback (Updated May 2021)
May 1, 2021/by Spencer BurtonSingle Family Home Construction Pro Forma for Home Builders (Updated Mar 2021)
March 26, 2021/by Spencer BurtonUsing Boolean Logic to Model Multiple Generations of Tenant Improvements
February 26, 2021/by Spencer BurtonMixed-Use Development Model: Condo and Retail (Updated Feb 2021)
February 21, 2021/by Michael BelascoReal Estate Acquisition Due Diligence Checklist
January 19, 2021/by Spencer BurtonReal Estate Development Due Diligence Checklist
January 17, 2021/by Spencer BurtonApartment Acquisition Model with Monte Carlo Simulation Module (Updated Jan 2021)
January 6, 2021/by Spencer BurtonMultifamily (Apartment) Acquisition Model (Updated Dec 2020)
December 27, 2020/by Spencer BurtonSimple Acquisition Model for Office, Retail, Industrial Properties (Updated Dec 2020)
December 22, 2020/by Spencer BurtonWatch Me Build – IRR Partitioning in Excel
September 16, 2020/by Spencer BurtonReal Estate Acquisitions Model #2 for Office, Retail, Industrial (Updated Aug 2020)
August 26, 2020/by Michael BelascoCase Study #5 – The Jefferson Branded Condo Development (Case Only)
July 20, 2020/by A.CRECase Study #4 – The Stones Hotel – Acquisition (Case Only)
July 14, 2020/by A.CREMultifamily Redevelopment Model (Updated June 2020)
June 27, 2020/by Michael BelascoActual + Forecast Construction Draw Schedule with S-Curve
May 14, 2020/by Spencer BurtonWatch Me Build – Capital Stack with Mezzanine Debt
May 4, 2020/by Spencer BurtonWhy Your IRR and XIRR are Different
May 3, 2020/by Michael BelascoWatch Me Build a Tenant Rollover Analysis Model
March 27, 2020/by Spencer BurtonAll-in-One (Ai1) Walkthrough #2 – Office, Retail, Industrial Rent Roll Tab
March 16, 2020/by Spencer BurtonLIHTC (Low Income Housing Tax Credits) Overview and Calculator
February 20, 2020/by Michael BelascoWatch Me Build a Multifamily Real Estate Model (Updated Feb 2020)
February 19, 2020/by Spencer BurtonDynamic Amortization Schedule (Updated 2.06.2020)
February 6, 2020/by Michael BelascoUsing VBA to Hide Rows in Excel
February 1, 2020/by Spencer BurtonWatch Me Build Data Tables For Real Estate Sensitivity Analysis
January 27, 2020/by Michael BelascoModeling a Mortgage Loan Assumption Using the All-in-One
January 26, 2020/by Spencer BurtonWatch Me Build A Construction Draw Schedule (Updated Jan 2020)
January 25, 2020/by Michael BelascoHow to Create Dynamic, In-Cell Buttons and Toggles in Microsoft Excel
January 1, 2020/by Spencer BurtonWatch Me Expand the Home Construction Pro Forma
December 30, 2019/by Spencer BurtonAll-in-One (Ai1) Walkthrough #1 – Permanent Debt Tab (Updated Nov 2019)
November 20, 2019/by Spencer BurtonUsing Conditional Formatting in Real Estate Financial Modeling
November 19, 2019/by Spencer BurtonHotel Acquisition Model – The Basic Model (Updated 10.9.2019)
October 9, 2019/by Michael BelascoWatch Me Build a Residential Land Development Model
October 5, 2019/by Spencer BurtonHow to Run Monte Carlo Simulations in Excel
September 2, 2019/by Spencer BurtonWatch Me Build a 3-Tier Real Estate Equity Waterfall Model (Updated August 2019)
August 21, 2019/by Spencer Burton30/360, Actual/365, and Actual/360 – How Lenders Calculate Interest on CRE Loans – Some Important Insights
August 7, 2019/by Michael BelascoTutorials For The Hotel Valuation Model (Updated 07.23.19)
July 23, 2019/by Michael BelascoUsing the Floating Summary Box in Real Estate Modeling
July 16, 2019/by Spencer BurtonWatch Me Build a Dynamic Mortgage Amortization Table in Excel
June 15, 2019/by Spencer BurtonUsing the OFFSET Function in Real Estate Financial Modeling
May 11, 2019/by Spencer BurtonModeling a Property Tax Abatement in Real Estate
April 25, 2019/by Spencer BurtonCreate a Dynamic Real Estate Chart in Excel
March 10, 2019/by Spencer Burton3-Tiered Acquisition Debt Module
February 26, 2019/by Michael BelascoHold-Sell Analysis in Real Estate
February 18, 2019/by Spencer BurtonQuick Tutorial: Add Line Items to OpSt Sheet in All-in-One
February 10, 2019/by Spencer BurtonExcel-Based Restaurant Selection Tool for the Overly Indecisive
December 22, 2018/by Spencer BurtonHotel Proforma Basics – Hotel Cash Flow Projection
December 12, 2018/by Michael BelascoBack-of-the-Envelope Office, Retail, Industrial Acquisition Model (Updated 10.1.2018)
October 1, 2018/by Michael BelascoUnderstanding Treatment of Time 0 in the All-in-One Model
August 25, 2018/by Spencer BurtonAll-in-One (Ai1) Walkthrough #10 – Underwriting a Value-Add Office Investment
October 4, 2017/by Spencer Burton3 Tiered Waterfall Module Added to the Condo Development Model
September 4, 2017/by Michael BelascoAll-in-One (Ai1) Walkthrough #9 – Print Mode and the IRR Matrix Report
August 27, 2017/by Spencer BurtonAll-in-One (Ai1) Walkthrough #8 – Tenancy Analysis Report for Office, Retail, and Industrial
August 12, 2017/by Spencer BurtonNew Support Forum for the All-in-One (Ai1) Underwriting Model
July 13, 2017/by Spencer BurtonAll-in-One (Ai1) Walkthrough #7 – Ground Lease Valuation Module
June 14, 2017/by Spencer BurtonAll-in-One (Ai1) Walkthrough #6 – Underwriting a Hypothetical Multifamily Acquisition
May 25, 2017/by Spencer BurtonA Note About The Limitations of Microsoft Excel in Modeling Real Estate
April 22, 2017/by Spencer BurtonAll-in-One (Ai1) Walkthrough #5 – The Residual Land Value Calculation Module
April 15, 2017/by Spencer BurtonAll-in-One (Ai1) Walkthrough #4 – The Rate Matrix Module
April 4, 2017/by Spencer BurtonAll-in-One (Ai1) Walkthrough #3 – Modeling a Hypothetical Retail Development Investment
March 21, 2017/by Spencer BurtonVersion Notes: All-in-One Underwriting Model
January 1, 2017/by Spencer BurtonSupercharge Excel with the WST Macros Add-in
April 18, 2016/by Spencer BurtonHow to Use the Apartment Acquisition Model’s Monte Carlo Simulation Module
February 21, 2016/by Spencer BurtonWaterfall Model For Real Estate Joint Ventures with Catch Up
February 15, 2016/by Michael BelascoHow to Use the Construction Draw and Interest Calculation Model
December 24, 2015/by Spencer BurtonReal Estate Waterfall Model – Equity Multiple Hurdles
December 1, 2015/by Spencer BurtonApartment Valuation Tutorial Using the Real Estate Acquisition Model
November 14, 2015/by Spencer BurtonHow to Use My Real Estate Equity Waterfall Model
August 9, 2015/by Spencer BurtonUpdate to Portfolio Acquisition Model
July 19, 2015/by Spencer BurtonReal Estate Development ROI Models
July 5, 2015/by Spencer BurtonHotel Value-Add Assignment Example
April 16, 2015/by Spencer BurtonMultifamily Development Model
February 10, 2015/by Spencer BurtonAbout this Library of Excel Models
Over the last few years, we’ve worked to build the world’s largest library of readily accessible Excel models (real estate pro formas) for commercial and residential real estate professionals.
All models are built in Microsoft Excel 2013 or newer. We have built models for virtually every real estate property type (e.g. retail, industrial, office, multifamily, hotel, etc), investment type (e.g. development, acquisition, value-add, etc), and analysis purpose.
All models are offered either completely free, or on a “Pay What You’re Able” basis with no minimum.
We offer our models on this basis because 1) this is first and foremost a resource for young professionals and students to learn, 2) our readers come from across the globe and from all socioeconomic levels, and 3) not all of our models have been thoroughly audited and tested for errors.
If there is a model or concept you’d like us to add to this library. Or if you spot a bug in a model needing fixed, please don’t hesitate to contact us.
How to Browse the Library
Browse the library above by property type and/or model type. Looking for an Excel model to value an apartment complex? Click the ‘Apartment’ link at the top of the library grid and the library will automatically sort by apartment models.
Models are either standalone or modules. Standalone models require no other components.
Modules on the other hand are meant to add to an existing model for further analysis. For instance, we have several Equity Waterfall models that are modules. The partnership-level cash flows need to be modeled separately, and then linked to the waterfall to calculate the partnership-level returns.
Note About Models
Models downloaded from A.CRE may contain errors. Verify formulas/methodology before basing investment decisions on any model here. Read our Terms and Conditions of Use and Disclaimer.