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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated April 2024)

Prior to launching the Accelerator program, Michael and I 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…
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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…
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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…
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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…
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Understanding Untrended vs Trended Returns in Real Estate Analysis

We recently received an intriguing question in the Q&A section of the A.CRE Real Estate Financial Modeling Accelerator regarding the calculation of untrended and trended returns. As such, I’d like to take the opportunity to discuss it. First…
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Limitations of IRR When Evaluating Real Estate Investments

The internal rate of return is one of the most commonly used return metrics to analyze real estate investment opportunities. Simply put, the IRR is the anticipated, project-determined discount rate an investor is expected to earn over the life…
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Single Tenant NNN Lease Valuation Model (Updated Jan 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…
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What to Look for in a 1031 Qualified Intermediary – A Real Estate Investor’s Checklist

With several decades of experience in commercial real estate, we've become adept at navigating the complexities of 1031 exchanges. Recognized as a powerful tool in the United States, 1031 exchanges allow for the compounding of lifetime real…
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1031 Exchange – List of Concepts and Terms

Welcome to our comprehensive list of concepts and terms common to the 1031 Tax-Deferred Exchange. This resource is crafted to help professionals, investors, and others understand the terms used as part of a 1031 exchange in real estate. The…
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LBO vs CRE Acquisition Models and Using LBO Structure to Acquire CRE

In the world of investment and finance, models play an integral role in guiding decision-making processes, evaluating risk, and forecasting returns. Two such influential models are the Leveraged Buyout (LBO) Model and the Commercial Real Estate…
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Introducing Weighted Equity Multiple: An Alternative for Dynamic CRE Investments

Across a 22+ year career in the industry, I've encountered a range of complex scenarios that traditional metrics sometimes struggle to accurately capture. A case in point that has been top of mind for me recently is a weakness in the Equity…
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1031 Exchange – Overview and Analysis Tool

A 1031 Exchange, or Like-kind Exchange, is a strategy in which a real estate investor can defer both capital gains tax and depreciation recapture tax upon the sale of a property and use that money, which has not been taxed, to purchase a like-kind…
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Making the Transition from Employee to Real Estate Entrepreneur

In a recent A.CRE Audio Series episode, we dove into the story of a real estate professional who successfully transitioned from a traditional 9-to-5 role to launching their own venture. This is a common path many A.CRE readers have taken (or…
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Exploring Optionality in Commercial Real Estate (Written by AI)

The term "optionality" may evoke thoughts of financial derivatives, stock options, or complex trading strategies. However, in the context of commercial real estate, optionality is a far more nuanced and potent concept. Simply put, optionality…
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ChatGPT vs Bard vs LLaMa Chat (Aug 2023) – AI Chat for CRE Comparison

If you're an A.CRE reader, you know we're actively exploring the numerous use cases for generative AI in commercial real estate. As part of those efforts, we've used ChatGPT to help us build a custom Excel add-in for CRE professionals, used…
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Calculate Residual Land Value in Excel (Updated Jul 2023)

Here's the scenario. You're a real estate developer. You spot a prime parcel of land that would be perfect for your real estate project. So you approach the owner of the land about selling and she says, "Okay, bring me an offer." How much do…