Tag Archive for: Acquisition

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Real Estate Financial Modeling Accelerator (Updated June 2025)

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 NNN Lease Valuation Model (Updated May 2025)

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 quite a few updates (see v2.0 updates video below). This model is an attempt to re-think…
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Short-Term Rental Acquisition Model

In today’s real estate landscape, short-term rentals (STRs) stand out as one of the most dynamic and potentially high-yield asset classes. From compact urban units serving business travelers to luxury vacation homes attracting high-net-worth…
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Multifamily (Apartment) Acquisition Model (Updated Apr 2025)

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 2024)

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 updates,…
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All About Careers in Real Estate Acquisitions (Updated May 2024)

In acquisitions jobs, professionals typically source, analyze, conduct due diligence on, and negotiate the purchase of new equity investments for their real estate investment firms. It's important to note that acquisitions professionals generally…
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Real Estate Portfolio Valuation Model (Updated Aug 2022)

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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Real Estate Acquisition Due Diligence Checklist

Most of the Excel tools we share on Adventures in CRE are real estate financial models, but occasionally we'll venture into building other CRE-related tools. Over the past several months, I've been working on a real estate acquisition checklist…
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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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3-Tiered Acquisition Debt Module

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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Deep Dive: Understanding Acquisitions: The Letter of Intent (LOI)

The Letter of Intent - Legal Issues The letter of intent is a critical document that is written up at the beginning of a potential real estate transaction between either a prospective buyer and seller or a prospective tenant and landlord.…
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Update to Portfolio Acquisition Model

I've updated my Portfolio Acquisition Model to include the following changes: - Added an "Investor Level Returns" tab to the model, which uses my Real Estate Equity Waterfall Model to calculate the equity returns of the sponsor (GP) and the…