
Real Estate Financial Modeling Accelerator (Updated June 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…

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.…

Best Practices in Real Estate Financial Modeling (Updated July 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…

Nuevo Contenido en Español (Actualizado Julio 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.

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…

List of A.CRE Accelerator Graduates (Updated Jul 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…

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…

2008 Financial Crisis From the Ground Up: Why We Believed Houses Were Safe
The first in a series examining the 2008 financial crisis from a real estate perspective: where it started, how it spread, and what it left behind for the professionals who underwrite property today.
If you work in real estate, you already…

S-Curve Forecasting in Real Estate Development (Updated June 2026)
One of the reasons Michael and I blog, is to force ourselves to be continually learning. I built the first version of my real estate waterfall model, because I wanted to better understand the mechanics of modeling an equity waterfall with IRR…

IRR vs Discount Rate: Two Sides of the Same Coin (Case Study + Model) (Updated March 2026)
In the discipline of commercial real estate financial modeling, certain principles serve as foundational pillars, essential across all valuation, acquisition, and investment analyses. Few concepts are as omnipresent, yet as frequently misunderstood,…

Watch Me Build A Construction Draw Schedule (Updated Feb 2026)
In the following video, I record my screen and narrative my steps as I build a basic construction draw schedule. I've also included the template and completed worksheets from this Watch Me Build exercise.
Are you an Accelerator member? See…

Vision Reveals Hidden Value in CRE. Math Captures It.
In real estate, value is rarely static. It evolves with income, with execution, with time. Yet most pricing decisions in the market ignore the hidden value in CRE, focusing instead on what's already visible: trailing NOI, current occupancy,…

Create Your First Excel Macro with AI
Most people in commercial real estate still think Excel macros are for “the IT guy down the hall.”
You underwrite, you manage rent rolls, you crank out lender packages in Excel all day… but the moment someone says “VBA,” you are…

Deep Dive: Understanding the Time Value of Money in Commercial Real Estate
In commercial real estate, nearly every investment decision boils down to a key question: What is the present value of uncertain future cash flows? The answer exists because money has a fundamental property: its value changes over time.
The…

Real Estate Tokenization, Part II: From Concept to Execution
In Part I of this series, we unpacked the basic idea of tokenizing commercial real estate: what it is, why it matters, and where hype often exceeds reality.
In this second part, we move from concept to implementation:
How commercial…

