Posts

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Real Estate Financial Modeling Accelerator (Updated Feb 2020)

Since starting A.CRE, Michael and I have fielded email after email requesting a more structured real estate financial modeling training program on the site. Important Note: We're updating and adding to the Accelerator every week. Since launch,…
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Tutorials for the A.CRE Apartment Development Model

As promised, I'm following up the release of the A.CRE Apartment Development model with a series of walk-throughs and tutorials to help you better understand the various elements of the model. The tutorials start with the basics - a guide to…
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Hotel Development Model (Updated 2.03.2020)

Excited to share the new A.CRE Hotel Development Model with everyone. As evidenced by the numerous requests we have gotten for this over the years, this model is long overdue so I'm quite happy to get it out there finally. At the core, the…
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A.CRE Apartment Development Model (Updated Jan. 2020)

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…
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Residential Land Development Pro Forma (Updated 12.18.2019)

As many of you know, I started my career in residential land development first as a broker and later as a principal. During that time I built my fair share of residential land development Excel pro formas, modeling returns and forecasting cash…
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Industrial Real Estate Development Model

Allow me to share my Industrial Development Model in Excel. Over the past year, 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 the…
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A.CRE Self Storage Development Model (Updated 10.30.2019)

We've received numerous requests over the years for a Self Storage Development Model in Excel. With strong investment and development activity in this niche property type, I recognize a self storage model on A.CRE is long overdue. But with so…
Sources and Uses
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Construction Draw and Interest Calculation Model (Updated 10.14.2019)

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…
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Development Draw Schedule - Visually Customize Each Line Item

Working a lot with development draw schedules, I have always been looking for a catch all solution as to how one could easily model all the unique ways cash actually flows over time during the process. The norm for many is to model cash flows…
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All About Careers in Real Estate Development

Real estate development professionals, either working for themselves or their employer, create new places for people to live, work, shop, and play. This person typically is involved with the transaction from land sourcing through lease-up and…
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Construction Draw Schedule: Accounting For True LTC

When lenders provide debt for a development project, they lend based on a Loan-to-Cost ratio (LTC), which is simply the percent of the total budget the lender will agree to lend to the borrower. So, if a project costs $10MM, and a lender loans…
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San Francisco Development Explosion! - Interactive Map & Side Project

San Francisco's downtown area is currently going through an unprecedented, skyline redefining transformation. So many incredible developers and architects are in the process of leaving their mark on this city and it's all happening or will…
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Real Estate Development Tracker

One of the many challenges of both analyzing real estate development deals and managing development projects is understanding and tracking the numerous differing but intertwining work streams. The more a development team takes the time…
a gantt chart for real estate built in Excel
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Bonus Content - Gantt Chart and Weighted Average with Multiple Conditions

I have two updates/improvements to previous posts I thought I'd share with our readers today; call it, bonus content! The first, is a dynamic Gantt Chart tool I recently added to my Construction Draw and Interest Calculation Model. The second,…
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How to Use the Construction Draw and Interest Calculation Model

As promised, I've recorded a tutorial on how to use my construction draw and interest calculation model. The 20 minute tutorial walks you through how to use the model to forecast construction cash flows during your development period. The model…
Normal Distribution in Real Estate Forecasting
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S-Curve Forecasting in Real Estate Development

One of the reasons Mike and I blog, is to force ourselves to be continually learning. I built the first version of my real estate waterfall model, because I wanted to better understand the mechanics of modeling an equity waterfall with…