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The Real Estate Financial Modeling Accelerator

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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All-in-One (Ai1) Model for Underwriting Development and Acquisitions (Updated 1.9.19)

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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A.CRE Hotel Valuation Model in Excel (Updated 01.03.19)

I am excited to introduce our new Hotel Valuation (Acquisition) Model to underwrite both stabilized and value-add hotel opportunities. This hotel pro forma is designed to allow users to do everything from a quick back of the envelope exercise…
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Simple Acquisition Model for Office, Retail, Industrial Properties (Updated 12.18.2018)

A few years back, on a sleep Saturday afternoon while my kids were busy eating Halloween candy, I decided to create a simple real estate acquisition model in Excel for office, retail, and industrial deals. Since then, I've made various…
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Real Estate Portfolio Valuation Model (Updated 11.24.2018)

I built, and would like to share, a real estate portfolio model for valuing a portfolio of up to 30 properties. This is a "roll-up" model, meaning you will need to model your unlevered (before financing) property-level cash flows in a separate…
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Apartment Acquisition Model with Monte Carlo Simulation Module (Updated 11.13.2018)

We have a few stochastic modeling tools for real estate on the website, but none as robust as this Apartment Acquisition Model with Monte Carlo Simulation Module. I originally built the model in 2016 by taking my standard apartment acquisition…
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Multifamily (Apartment) Acquisition Model

Our library of real estate Excel models has a variety of decent apartment models, including our All-in-One model and our Apartment Development Model - both robust models in their own right. However, if you're looking for a straight multifamily…
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Back-of-the-Envelope Office, Retail, Industrial Acquisition Model (Updated 10.1.2018)

I’ve built a new acquisition model that I am excited to share with our readers. This is a back-of-the-envelope (BOE) valuation model that can be used for retail, office, and industrial properties. The goal was to create a sleek and clean look…
vintage Walgreens on corner of two busy california streets
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Single Tenant NNN Lease Valuation Model (Updated 9.18.2018)

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 a few updates. This model is an attempt to re-think how the industry underwrites single-tenant…
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Single Family Residential Investment Analysis Model (Updated 9.1.2018)

Pre-2008, I bought and sold my fair share of single family homes - both for investment purposes (rental or flips) and to live in. In those days, almost everyone was "investing" in residential real estate - hence the market crash. I personally…