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Real Estate Financial Modeling Accelerator (Enrollment Open)

Since starting A.CRE, Michael and I have 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 topics in our blog,…
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Careers in Real Estate - Part III: Job Functions

The actual job functions performed by real estate professionals vary by sector and field. The amount and type of experience and education required varies for the function performed and the field the job is in. This post is not meant to be…
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Careers in Real Estate - Part IV: Compensation

The typical compensation (salary + bonus) in real estate depends on the function you perform and the field and sector you work in. It also varies based on your depth of experience, level/quality of education, where you're located, and other…
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Could You Be Exiting Too Early? Don’t Forget to Analyze Your Reinvestment Rate

When attempting to maximize the value of your money invested in real estate, the timing of your exit is key to maximize your return. As an example, let’s take a look at the base case from my Multifamily Model posted earlier for 123 Fake…
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NYC Office Building Brings 2nd Highest Price Ever

If there's one thing I remember from my pre-2008 days, it was seeing a lot of stories like this. Are we in bubble territory yet?SL Green Realty has agreed to buy CIM Group's 11 Madison Ave. The 29-story office tower in Manhattan,…
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Prologis to Acquire KTR Capital in JV with Norges

It was announced last week that Prologis, the world's largest industrial REIT, has agreed to buy KTR Capital Partners for $5.9 billion. KTR owns and operates 70 million square feet of real estate across the U.S.I think the deal is interesting…
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The Fourth Major Asset Class

David Funk, a professor of mine and the former director of the Baker Program in Real Estate at Cornell University, recently published some interesting research into asset reallocation by institutional investors that more heavily favors commercial…
vintage Walgreens on corner of two busy california streets
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GE Capital to Sell RE Assets to Blackstone, Wells Fargo

GE is unwinding its financial companies, and as a consequence, is selling off its real estate assets. Blackstone and Wells Fargo have reportedly agreed to buy GE Capital's real estate assets for $23bn. This is the largest deal of its kind since…
vintage Walgreens on corner of two busy california streets
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Blackstone to Buy 2nd Tallest Building in U.S.

At $1.3bn, The Blackstone Group is set to become the next owner of the iconic Willis Tower (formerly the Sears Tower) in Chicago, IL. The group selling the building, bought it for $841mm in 2004.A few links with deal specifics:http://www.bloomberg.com/news/articles/2015-03-16/blackstone-group-agrees-to-buy-chicago-s-willis-towerhttp://www.benzinga.com/trading-ideas/long-ideas/15/03/5331305/blackstones-willis-tower-purchase-set-a-record-but-is-it-a-bahttp://www.chicagobusiness.com/article/20150306/NEWS12/150309828/blackstone-in-talks-to-buy-willis-tower-for-1-5-billion 
vintage Walgreens on corner of two busy california streets
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S&P: Real Estate to Become its Own Sector

As further evidence that real estate is fast becoming the fourth major institutional asset class, S&P has announced that it will create a new sector for the industry."S&P Dow Jones Indices, a leading provider of financial market…
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Summer 2014 Internship

Two years of formal real estate instruction is best complemented by real world application. By putting into practice the principles taught in the classroom, we as students truly internalize the concepts. The summer internship experience is one…
vintage Walgreens on corner of two busy california streets
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Net Lease the Fifth Major Commercial Real Estate Type?

I read an interesting article in Globest.com this week talking about how demand for single tenant net lease properties is likely to remain high. That point is nothing new to those who've been watching net lease recently.However, what caught…