Posts

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Real Estate Financial Modeling Accelerator (Updated Aug 2021)

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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Self Storage Acquisition Model (Updated Sep 2021)

I've spent the past few weekends working on a purpose-built Self Storage Acquisition Model, and I'm now happy to share the result of that work with you. This is a model that's been requested by quite a few A.CRE readers over the past few years.…
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A.CRE Apartment Development Model (Updated Sep 2021)

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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Land Development Model – Multi-Scenario (Updated Aug 2021)

Over the years, we've shared eight development-focused real estate financial models and numerous development-specific tools to the A.CRE Library of Excel Models. Nevertheless, there's been a hole in the development offerings in our library.…
Sources and Uses
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Construction Draw and Interest Calculation Model (Updated Aug 2021)

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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Hotel Development Model (Updated 8.16.2021)

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 Self Storage Development Model (Updated Jul 2021)

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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Industrial Real Estate Development Model (Updated Jun 2021)

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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Residential Land Development Pro Forma (Updated Apr 2021)

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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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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Real Estate Development Due Diligence Checklist

Last year, I shared a Real Estate Acquisition Due Diligence Checklist that was quite popular. Soon after its release, we began getting requests for a similar tool, but for development deals. So allow me to share a Real Estate Development Due…
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S-Curve Forecasting in Real Estate Development (Updated Dec 2020)

One of the reasons Michael 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 IRR…
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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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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…