Real Estate Financial Modeling

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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated May 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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Multifamily (Apartment) Acquisition Model (Updated May 2026)

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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Industrial Real Estate Development Model (Updated May 2026)

Allow me to share my Industrial Development Model in Excel. Over the past few years, I've been working to add more specialty real estate models to our library. While our All-in-One model certainly has its place, oftentimes really digging into…
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Ground Lease Valuation Model (Updated May 2026)

The topic of ground leases has come up several times in the past few weeks. Numerous A.CRE readers have emailed to ask for a purpose-built Ground Lease Valuation Model. And I'm in the process of creating an Advanced Concepts Module for our real…
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Back-of-the-Envelope Office, Retail, Industrial Acquisition Model (Updated Apr 2026)

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…
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Real Estate Acquisitions Model #2 for Office, Retail, Industrial (Updated Apr 2026)

I've decided to do a major overhaul of my last acquisitions model for office, industrial, and retail properties. There were a lot of things I wanted to change as well as add to the model and finally had a weekend to do it. This new and improved…
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Hotel Acquisition Model – The Basic Model (Updated April 2026)

The initial goal for the original Hotel Acquisition Model was to design a hotel proforma that would enable users to get deep into the weeds of practically every line item in their hotel analysis. Although I am super happy with how that hotel…
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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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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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All-in-One (Ai1) Model for Underwriting Development and Acquisitions (Updated Jan 2026)

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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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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Condominium Development Model (Updated Dec 2025)

After posting the construction draw module that demonstrates how to calculate the true LTC of a development loan, I decided that since we have yet to publish a condo development model, to build upon that module to create one. This condominium…
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Office Real Estate Development Model (Updated Nov 2025)

I'm excited to share my Office 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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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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A.CRE Apartment Development Model (Updated Sept 2025)

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…