Tag Archive for: Land

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Real Estate Financial Modeling Accelerator (Updated September 2023)

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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Ground Lease Valuation Model (Updated Aug 2023)

The topic of ground leases has come up several times in the past few weeks. Numerous A.CRE readers have emailed to ask for a purpose-built Ground Lease Valuation Model. And I'm in the process of creating an Advanced Concepts Module for our real…
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Calculate Residual Land Value in Excel (Updated Jul 2023)

Here's the scenario. You're a real estate developer. You spot a prime parcel of land that would be perfect for your real estate project. So you approach the owner of the land about selling and she says, "Okay, bring me an offer." How much do…
land aggregation fund for development

How This Land Aggregation Strategy Helps Developers Raise More Debt and Scale Up Fast

Let's talk land aggregation strategy. Consider this, you have put together a portfolio of some great opportunistic development deals, each with immense upside potential. All you need is the initial big chunk of investment in land to get started.…
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Residential Land Development Pro Forma (Updated Dec 2022)

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…

How to draw-up 3-part Financial Statements from your CRE Financial Model

Sometimes, your investors will want to see financial statements. Though this is usually something left to accounting, it's not a difficult thing for you to draft up on your own. It actually just takes the simple steps of familiarizing yourself…
Finance Project Structure Guide

Why CRE Deals May be Better Off Following a Project Finance Structure

In this article, we discuss the anatomy of two business structures - Project Finance and Corporate Finance - and why a Project Finance Structure is best suited for CRE deals by making the fund management process more investor friendly. How…
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Modelo de Adquisición de Apartamento de Valor Agregado

Todo comenzó a finales del año pasado cuando Spencer Burton me contactó y entendí en un primer momento que la principal función de A.CRE es la de educar en la elaboración de modelos financieros inmobiliarios, confieso que era imposible…
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Using Geometric Mean (or CAGR) as an Alternative to IRR

The internal rate of return (IRR) and compound annual growth rate (CAGR) are both metrics used to analyze investment returns. They're both commonly used in commercial real estate financial modeling, but what's the difference? When should you…
Real estate land development project
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Land Equity – Collaborative Development Strategies with the Landowner

In this article, we'll talk about land equity development strategies where the landowner contributes their land to the partnership. In these situations, land ownership is either immediately conveyed or deferred until development is complete.…
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Deep Dive – Land Acquisition and Assemblage

This is a topic I'm all too familiar with. You see, I cut my teeth in real estate largely sourcing and negotiating residential and mixed-use land acquisition opportunities.  I've put land deals together both as a fiduciary and as a principal,…
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Watch Me Build a Residential Land Development Model

Over the years, we've created a sizable library of Watch Me Build videos covering Excel models for various real estate investment and property types. However, we've yet to create a Watch Me Build involving for-sale product. So this weekend,…