Real Estate Financial Modeling

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real estate financial modeling courses

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Real Estate Financial Modeling Accelerator (Updated January 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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Single Tenant Net Lease Valuation Model – Custom GPT by A.CRE

At A.CRE, we've built dozens of custom GPTs for internal and external purposes. Some of the GPTs have general application, while others are custom GPTs specifically for commercial real estate. And among those custom GPTs specifically for CRE,…
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Advanced Mortgage Amortization Module (Updated May 2024)

In recent months, I've been working on an advanced real estate investment amortization table with interest-only capability, fixed and variable interest rates, multiple interest calculation methods (i.e. 30/360, Actual/Actual, Actual/365, Actual/360),…
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What are Custom GPTs? Plus a few examples we’ve built. (Updated May 2024)

In the fast-moving world of generative AI (gen AI), staying up to date on the latest advancements in AI is crucial for professionals in every field, but especially in commercial real estate. At A.CRE, we're committed to sharing what we view…
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Real Estate Debt Module in Excel (Updated May 2024)

I thought I'd share the real estate debt module I originally built for the ARGUS alternative in Excel. Most debt modules I've seen in real estate financial models only include the ability to model fully amortizing senior debt. Mike challenged…
iming of Preferred Return vs Return of Capital
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Timing of Preferred Return vs Return of Capital in an Equity Waterfall with IRR Hurdles (Updated May 2024)

Recently, we had an A.CRE reader ask us about the mechanics of Preferred Return distributions in our equity waterfall models with IRR hurdles. Specifically, he questioned the timing of when and how Preferred Return vs Return of Capital were…
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Watch Me Build – Modeling a Rent Schedule in Both Excel and Using AI (Updated May 2024)

In this Watch Me Build video I show you how to build a custom rent schedule module for long-term leases. The foundation of the module is a simple INDEX/MATCH combination that takes a rent schedule and models the rent cash flows across the entire…
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Real Estate Capital Account Tracking Tool (Updated Apr 2024)

I'll be the first to admit that real estate asset management doesn't get the attention it deserves on AdventuresinCRE.com. The real reason for this is that we're not necessarily asset management experts. I spent some time working in asset management…
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Hide and Unhide Tabs using Drop-down Menus in Excel (Updated Apr 2024)

I'd like to share a handy little trick I learned this week for hiding and unhiding tabs in Excel using drop-down menus. Now this method requires you to use some basic VBA code and to save the Workbook as a Macro-Enabled file but don't be intimidated…
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Watch Me Build – American-Style Real Estate Equity Waterfall (Updated Apr 2024)

A few years ago, I recorded my screen as I built a 3-tier real estate equity waterfall model. What I didn't mention in that Watch Me Build video, is that the kind of waterfall I built is colloquially called a European-style equity waterfall.…
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Advanced Mortgage Amortization Schedule – Custom GPT by A.CRE

At A.CRE, we've built dozens of custom GPTs for internal and external purposes. Some of the GPTs have general application, while others are custom GPTs specifically for commercial real estate. One such CRE-specific GPT that we recently built…
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Multifamily Development Model (Updated April 2024)

Not to be confused with Spencer's masterpiece, The A.CRE Apartment Development Model, I decided to build a second option on our website for multifamily development with a different feel. For us true modeling nerds out there, we know that financial…
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Watch Me Build – Industrial Offering Memorandum Analyzer Custom GPT

In this Watch Me Build session, I'll walk you through constructing a custom GPT that near-instantly sifts through Industrial Offering Memorandums to pinpoint whether an investment aligns with your criteria. At the heart of this build is a tailored…
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Commercial Mortgage Loan Analysis Model (Updated Mar 2024)

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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Announcing the Shine Associates Real Estate Financial Modeling Scholarship

We are excited to announce the launch of the Shine Associates Real Estate Financial Modeling Scholarship! Made in partnership with Shine Associates, this scholarship is set to fuel the dreams of the upcoming stars in commercial real estate.…
Sources and Uses
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Construction Draw and Interest Calculation Model (Updated Feb 2024)

I originally uploaded this equity/construction loan draw and interest calculation tool to our library of real estate financial analysis models in 2016. Over the years, I've continued to update it as suggestions, comments, and requests…