Posts

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Real Estate Financial Modeling Accelerator (Updated September 2019)

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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A.CRE Apartment Development Model (Updated 8.10.2019)

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…
Sources and Uses
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Construction Draw and Interest Calculation Model (Updated 8.20.2019)

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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Residential Land Development Pro Forma (Updated 6.28.2019)

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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A.CRE Self Storage Development Model (Updated 5.8.2019)

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…
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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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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…
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Multifamily Redevelopment Model

This is an excel model built from scratch for value-add, opportunistic, and core multifamily properties. It was designed to work best for scenarios where individual units will be rehabbed over the hold at varying times. It can work for properties…
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Multifamily Development Model

This is the first in a series of Excel models on adventuresincre.comHere 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…