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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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Multifamily (Apartment) Acquisition Model (Updated Dec 2020)

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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Simple Acquisition Model for Office, Retail, Industrial Properties (Updated Dec 2020)

A few years back, on a sleepy 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 Acquisitions Model #2 for Office, Retail, Industrial (Updated Aug 2020)

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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Multifamily Redevelopment Model (Updated June 2020)

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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Watch Me Build a Multifamily Real Estate Model (Updated Feb 2020)

One way to become a better real estate financial modeling professional, is to watch other professionals model. I know in my career being able to physically see how others tackle different modeling problems has shaped my methods and made me better…
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Hotel Acquisition Model – The Basic Model (Updated 10.9.2019)

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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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…
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3 Tiered Waterfall Module Added to the Condo Development Model

After receiving a few requests, I've finally gotten around to adding an equity waterfall module to the Condominium Development Model. This module allows you to model partnership splits up to three tiers using either equity multiple hurdles or…
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Hotel Value-Add Assignment Example

I built this multi-scenario , value-add hotel investment model from scratch in Excel for an assignment in one of my real estate finance courses at Cornell. Keep in mind, this model is not plug-and-chug ready. However, with a few tweaks it works…
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Multifamily Development Model

This is the first in a series of Excel models on adventuresincre.com Here is a basic multifamily development model that I put together. I didn't build this model from scratch, but rather pieced together several other models to arrive at…