Real Estate Financial Modeling

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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated Nov 2020)

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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Commercial Mortgage Loan Analysis Model (Updated Nov 2020)

Over the years, I've received various requests to augment our library of real estate Excel models to include a model for underwriting and analyzing commercial mortgage loans. Specifically, people have asked for a tool to calculate the loan amount…
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Using an IRR Matrix to Determine Hold Period

When building a real estate financial pro forma, it's important to model for and include a summary of various return and risk metrics. Among the different return metrics, the internal rate of return (IRR) - both on an unlevered and levered…
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DateDif: The “Secret” Excel Formula (Updated 11.14.2020)

For one reason or another, there is a perfectly functioning and pretty valuable formula that can be utilized in Excel that Microsoft has chosen to exclude from Excel's list of functions: the DateDif function. This function is a valuable…
bite-sized real estate tutorials
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Bite-Sized CRE Lessons – A.CRE 30 Second Video Tutorials

As we continue to build out our A.CRE 101 series and our Glossary of Commercial Real Estate terms, we've started to supplement these initiatives with short (<30 second) video clips on how to do various CRE calculations and modeling tasks…
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A.CRE Apartment Development Model (Updated Nov 2020)

For several years now, our library of real estate models has been lacking a robust ground-up apartment development model. Sure, our All-in-One (Ai1) model has the capability to model multifamily development deals, but it's more a generalist…
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All-in-One (Ai1) Model for Underwriting Development and Acquisitions (Updated Nov 2020)

As many of you recall, in 2015 I set out to build an Excel alternative to the widely-used (and now discontinued) ARGUS DCF. With career moves and a lot of other A.CRE-related side projects, this undertaking has been slow going. Alas, in 2016…
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Hotel Development Model (Updated 11.4.2020)

Excited to share the new A.CRE Hotel Development Model with everyone. As evidenced by the numerous requests we have gotten for this over the years, this model is long overdue so I'm quite happy to get it out there finally. At the core, the…
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Use the A.CRE Geocoding Excel Add-in to Auto-Populate Latitude and Longitude in Excel

The A.CRE Geocoding Excel Add-in uses the Google Geocoding API to automatically convert a given address to latitude and longitude coordinates, or to convert a given latitude and longitude coordinate to an address. The add-in makes auto-populating…
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A.CRE Value-Add Apartment Acquisition Model (Updated Oct 2020)

We've shared a handful of apartment models over the years. Several of those are capable of analyzing apartment acquisitions (e.g. All-in-One, Apartment Valuation Model), but none was built for the express purpose of modeling value-add apartment…
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Tutorials for A.CRE Value-Add Apartment Acquisition Model

As promised, I'm following up the release of the A.CRE Value-Add Apartment Acquisition model with a series of walk-throughs and tutorials to help you better understand the various elements of the model. The tutorials start with the basics -…
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Real Estate Equity Waterfall Model with Catch Up and Clawback (Updated Oct 2020)

A question came up recently in the A.CRE Accelerator's real estate waterfall modeling course regarding how to model GP Catch Up (i.e. Sponsor Catch Up) and LP Clawback provisions. I put together a quick video tutorial in response to that question,…
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Forecasting After-Tax Cash Flow in Real Estate Analysis

When modeling real estate investments, industry practice is generally to stop at before-tax cash flow. And this makes sense in most instances. No two owners of real estate have the exact same tax situation and no two properties necessarily have…
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Real Estate Equity Waterfall Model – IRR and Equity Multiple Hurdles (Updated Oct 2020)

Over the years, this real estate equity waterfall with annual periods and IRR or Equity Multiple hurdles has been one of the most popular models in our library of real estate Excel models. It's been downloaded thousands of times and we've received…