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Real Estate Financial Modeling Accelerator (Updated July 2026)

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…
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3-Tiered Acquisition Debt Module (Updated Apr 2026)

This is a 3-tiered debt module that will allow the user to add one to three tiers of debt to his or her real estate DCF model. Includes the option to layer in senior debt, secondary debt, and mezzanine debt; calculate interest on either…
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Multifamily Redevelopment Model (Updated March 2026)

This is an Excel model I originally built from scratch back in 2015 for quickly assessing multifamily redevelopment opportunities. It was designed to work best for scenarios where individual units will be rehabbed over the hold at varying times.…
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Cell Tower Valuation Model (Updated March 2026)

In today’s hyperconnected world, the steel and spectrum behind our phone calls, streaming, and cloud access are becoming just as valuable as the properties we live and work in, growing the need for a cell tower valuation model. Cell towers,…
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Student Housing Acquisition Model (Updated Feb 2026)

I've spent a fair amount of my career analyzing privately-owned student housing investments. Nevertheless, I've yet to share a purpose-built, institutional-quality student housing acquisition model. So, I thought I'd take some time and build…
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Commercial Real Estate Lease Analysis Tool (Updated Feb 2026)

The topic of analyzing commercial real estate leases from the perspective of the landlord and/or tenant has come up several times over the years. And while I generally respond to requests for new models or tools at A.CRE, I've been hesitant…
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New Web App: Short-term Rentals Acquisition Model

I'm continuing to explore how real estate financial models can go beyond traditional Excel without losing rigor, flexibility, or control. Today, I'm introducing a new web application built around our short-term rentals acquisition model, designed…
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Watch Me Build A Construction Draw Schedule (Updated Feb 2026)

In the following video, I record my screen and narrative my steps as I build a basic construction draw schedule. I've also included the template and completed worksheets from this Watch Me Build exercise. Are you an Accelerator member? See…
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Vision Reveals Hidden Value in CRE. Math Captures It.

In real estate, value is rarely static. It evolves with income, with execution, with time. Yet most pricing decisions in the market ignore the hidden value in CRE, focusing instead on what's already visible: trailing NOI, current occupancy,…
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Self Storage Acquisition Model (Updated Jan 2026)

I've spent the past few weekends working on a purpose-built Self Storage Acquisition Model, and I'm now happy to share the result of that work with you. This is a model that's been requested by quite a few A.CRE readers over the past few years.…
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Supercharge Excel with the ‘Excel 4 CRE’ Add-In – Now with AI (Updated Jan 2026)

Today, we're thrilled to share with the A.CRE community a new timesaving (and free) Excel tool: the 'Excel 4 CRE' Add-in! Over the past few years, we at A.CRE (together with various AI coding tools) have been developing and sharing this Excel…
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The First Dollars In: Modeling Pursuit Capital In Real Estate Deals

At the outset of every compelling real estate venture, before architects sketch their visions and contractors pour concrete, there's a quiet but powerful player setting the stage: pursuit capital. This early-stage funding powers the riskiest…
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Retail Real Estate Development Model (Updated Oct 2025)

I'm excited to share my Retail Development Model in Excel. This pro forma analysis tool comes as I've continued to build and share specialty real estate models, tailor-made for specific investment scenarios and property types. This model…
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Excel Pro Forma for Flipping Houses (Updated Sept 2025)

Before moving to the principal side of the business, I began my career as a self-described real estate investment specialist, largely working as a land broker but dabbling in other areas including the popular "single-family flip" space. In all…
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Watch Me Solve a REPE Technical Interview Modeling Test (Updated Sept 2025)

What better way to spend some free time over the Thanksgiving holiday, than to record myself completing a real estate private equity technical interview exercise! While I've offered help with the real estate technical interview in the past,…
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Land Development Model – Multi-Scenario (Updated Aug 2025)

Over the years, we've shared eight development-focused real estate financial models and numerous development-specific tools to the A.CRE Library of Excel Models. Nevertheless, there's been a hole in the development offerings in our library.…