
Real Estate Financial Modeling Accelerator (Updated September 2026)
Before launching the Accelerator program, Michael and I received countless emails requesting a more structured, step-by-step real estate financial modeling training program.
Over the years, we've covered hundreds of real estate modeling…

When Prices Stopped Rising: 2008 Crisis, Part 5
Part 5 of my series working through the 2008 financial crisis from a real estate perspective, and the part where the assumption everything rested on finally gets tested. If you're new to the series, in Part 1 I looked at why the mortgage was…

Nuevo Contenido en Español (Actualizado Septiembre 2026)
Ver y leer nuevo contenido en español. Este contenido ha sido creado por el equipo A.CRE para profesionales en la inversion inmobiliaria. Tutoriales, modelos financieros, educación, y mucho más.

List of A.CRE Accelerator Graduates (Updated Sept 2026)
This certifies that the following individuals have successfully completed the 17-course, A.CRE real estate financial modeling Accelerator. Having shown a proficiency in all aspects of real estate financial modeling and having demonstrated an…

Ask Me Anything with A.CRE (Next Host – James Nelson)
James Nelson is back for another A.CRE Ask Me Anything, and if you missed the last one, this is your chance to make up for it.
James is a Principal at Avison Young, where he leads the firm's U.S. Investment Sales practice in New York City.…

Watch Me Solve a Real Estate Technical Interview Modeling Test: Case Study #17, Windsor Crossing
A decade ago, I recorded myself completing a real estate technical interview modeling exercise, start to finish, so our readers could watch over my shoulder and pick up on my process. That video, and the companion blog post, is still one of…

The Road to Stabilized NOI – Loss to Lease in Multifamily Property Underwriting (Updated Sept 2026)
The calculation of stabilized Net Operating Income for a property is synonymous with building a stabilized proforma. This modeling process starts by estimating revenues and then the expenses, which means we must adjust the anticipated revenues…

The Definitive Guide to Microsoft Excel for Real Estate (Updated Aug 2026)
Microsoft Excel is the primary tool used by real estate financial modeling professionals. Even while numerous non-Excel alternatives have attempted to de-throne Excel, the 35+ year-old software has shown to be surprisingly resilient to competition.…

How the Bets Outgrew the Market: 2008 Crisis, Part 4
Part 4 of my series working through the 2008 financial crisis from a real estate perspective, and the part where credit default swaps enter the story. If you're new to the series, in Part 1 I looked at why the mortgage was trusted, in Part 2…

There Has Never Been an Easier Time to Stand Out in CRE
A student reached out to me a couple weeks ago with a question I get some version of almost every week.
He is a rising junior, interning at a firm any of you would recognize, attends a good school, and has already done the work to become…

Best Practices in Real Estate Financial Modeling (Updated August 2026)
Before you use one of our real estate financial models (i.e. Excel templates), or before you set out to build your own real estate analysis tool in Excel, it's important to keep in mind a few real estate financial modeling best practices. This…

How the Tower Was Built: 2008 Crisis, Part 3
Part 3 of my series working through the 2008 financial crisis from a real estate perspective. If you're new to the series, Part 1 I looked at why the mortgage was trusted, and in Part 2 I followed a single mortgage payment down the chain and…

AI Tools for Commercial Real Estate (Summer 2026 Edition)
If you haven't noticed, we've been exploring use cases, training, and tools related to AI in commercial real estate a lot lately! The reason is that Artificial intelligence (AI) is poised to revolutionize the commercial real estate industry…

A.CRE Hotel Valuation Model in Excel (Updated July 2026)
I am excited to introduce our new Hotel Valuation (Acquisition) Model to underwrite both stabilized and value-add hotel opportunities. This hotel pro forma is designed to allow users to do everything from a quick back of the envelope exercise…

How the Chain Began to Rot: 2008 Crisis, Part 2
Part 2 of my series working through the 2008 financial crisis from a real estate perspective. In Part 1, I looked at why the mortgage was trusted for so long. Here I want to trace how mortgage securitization worked in the years leading up to…

