Real Estate Financial Modeling Accelerator (Updated Jan 2025)
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…
Single Tenant NNN Lease Valuation Model (Updated May 2024)
I originally built this single tenant net lease (NNN) valuation Excel model back in 2016. Based on some feedback from a few of our readers, I've since made quite a few updates (see v2.0 updates video below). This model is an attempt to re-think…
Entry-Level Position in Real Estate: Breaking Through the No Experience Barrier
Recruiting for an entry-level position in real estate can be daunting, particularly for those entering this highly competitive field where experience is often prized above all. How does one 'break through' when traditional pathways seem blocked…
Timing of Preferred Return vs Return of Capital in an Equity Waterfall with IRR Hurdles (Updated May 2024)
Recently, we had an A.CRE reader ask us about the mechanics of Preferred Return distributions in our equity waterfall models with IRR hurdles. Specifically, he questioned the timing of when and how Preferred Return vs Return of Capital were…
Deep Dive: Careers in Commercial Real Estate (Updated May 2024)
The real estate industry is enormous. In the United States alone, over 2.9 million jobs are tied to commercial real estate, 17% of GDP comes from the real estate industry, and the aggregate value of U.S. commercial real estate is approximately…
Watch Me Build – Modeling a Rent Schedule in Both Excel and Using AI (Updated May 2024)
In this Watch Me Build video I show you how to build a custom rent schedule module for long-term leases. The foundation of the module is a simple INDEX/MATCH combination that takes a rent schedule and models the rent cash flows across the entire…
Watch Me Build – American-Style Real Estate Equity Waterfall (Updated Apr 2024)
A few years ago, I recorded my screen as I built a 3-tier real estate equity waterfall model. What I didn't mention in that Watch Me Build video, is that the kind of waterfall I built is colloquially called a European-style equity waterfall.…
The Definitive Guide to Microsoft Excel for Real Estate (Updated Apr 2024)
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.…
Insights from Spencer’s Cornell Real Estate Distinguished Speaker Series Interview
Recently, our own Spencer Burton was invited to participate in the Cornell Real Estate Distinguished Speaker Series, a platform renowned for hosting leading voices in the real estate industry. During this prestigious event, Spencer had the opportunity…
How to Prepare for the Real Estate Technical Interview (Updated Apr 2024)
So you've made it past the HR screening interview. You have the education and experience the company is looking for, but now they want to be sure you possess the real estate financial modeling skills necessary to do the job. They've asked…
Terminology Guide for Build-to-Rent Investment
We recently released a Build-to-Rent (BTR) Development model to help students and developers better analyze this emerging investment type in commercial real estate. As we explored this type of analysis, it became clear that terminology is often…
Glossary of Commercial Real Estate Terms (Updated Apr 2024)
Glossary of Commercial Real Estate Terms
Welcome to the A.CRE Glossary of Commercial Real Estate Terms, a practitioner's guide to the most common terms in CRE. This is an ever-growing list of commercial real estate terms and definitions that…
Watch Me Build – Industrial Offering Memorandum Analyzer Custom GPT
In this Watch Me Build session, I'll walk you through constructing a custom GPT that near-instantly sifts through Industrial Offering Memorandums to pinpoint whether an investment aligns with your criteria. At the heart of this build is a tailored…
Introducing the New A.CRE University Profiles Page: Your Comprehensive Guide to Real Estate Education
We here at A.CRE are excited to announce the launch of our new A.CRE University Profiles Page. This enhancement is part of our commitment to providing a comprehensive resource for exploring real estate programs not only across the United States…
Announcing the Shine Associates Real Estate Financial Modeling Scholarship
We are excited to announce the launch of the Shine Associates Real Estate Financial Modeling Scholarship! Made in partnership with Shine Associates, this scholarship is set to fuel the dreams of the upcoming stars in commercial real estate.…
Modeling a Property Tax Abatement in Real Estate (Updated Jan 2024)
We often field questions about how to model property tax abatements. It's a concept we cover in our the 'Advanced Modeling - Property and Portfolio' endorsement in our Accelerator real estate financial modeling training program and something…