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Real Estate Financial Modeling Accelerator (Updated May 2026)

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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Pro Forma For Multifamily Renovation (Updated June 2026)

I'm excited to share the Pro Forma for Multifamily Renovation model with all of you. This multifamily renovation model is made to analyze value add apartment acquisition opportunities and has a lot of functionality that is meant to provide you…
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Fannie Mae Opens the Door to Crypto-Backed Mortgages: An Intro to How They Work

One topic I've been watching closely over the past year is the intersection of digital assets and real estate finance. I'll admit it's a place everyone needs to be skepticl at first, as blockchain or crypto integrations sometimes feel…
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Deep Dive: Careers in Commercial Real Estate (Updated Nov 2025)

The real estate industry is enormous. In the United States alone, over 2.9 million jobs are tied to commercial real estate, 17% of GDP comes from the real estate industry, and the aggregate value of U.S. commercial real estate is approximately…
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Mixed-Use Development Model: Condo and Retail (Updated July 2025)

In this post, I walk you through the A.CRE Mixed Use Development Model for Condo and Retail projects. The model is basically a reworked and expanded version of the Condo Development Model, so if you are familiar with that, this should feel and…
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A.CRE at the Smart City Expo Bogotá 2024

A year ago, my A.CRE colleague Arturo Parada and I attended our first real estate event in Bogotá, Smart City Expo Bogotá 2023, where we had the opportunity to connect with industry leaders and explore emerging trends in urban development…
Discounted Cash Flow (DCF) Property
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A.CRE 101: How To Use The Discounted Cash Flow (DCF) Method To Value Income Producing Property (Updated Aug 2024)

The Discounted Cash Flow Method is a method to value a project by taking all future projected cash flows of the project and discounting them back to time zero (date of purchase) using a predetermined discount rate (the discount rate when used…
Through The Entitlement Process
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Through The Entitlement Process: Identifying Risks and Strategies For Mitigation (Updated Aug 2024)

Investing in and developing an unentitled site, broadly speaking, is one of the riskiest, yet rewarding, endeavors in the commercial real estate industry. The entitlement process, in particular, is fraught with the potential for setbacks and…
Wordsmithing your Commercial Real Estate Resume
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Wordsmithing your Commercial Real Estate Resume (Updated Aug 2024)

Are you questioning what’s on your commercial real estate resume? Don't overlook the tip I discuss below to help land the interview. The goal of your resume is to get an interview. So, if you are sending a bunch of resumes out, but not…
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LinkedIn Job Search 101 for CRE Professionals (Updated Aug 2024)

Our goal with this post is to help you use LinkedIn most effectively in your job search. It's the first post in a series of a LinkedIn 101 networking series to help you get the most out of this resource. Because commercial real estate is such…
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Tips to Nail Your Next Commercial Real Estate Interview (Updated July 2024)

Recently, our team partnered with the Graduate Real Estate Council at Cornell University where we worked with their students in providing mock interviews with Cornell alumni. Our goal in this effort was to help these students at the beginning…
Desk for with Computer for IPMT & PPMT Excel Functions
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An Overview Of IPMT and PPMT Excel Functions – Uses And Drawbacks (Model + Case Study)

We recently received an intriguing question in the Q&A section of the A.CRE Real Estate Financial Modeling Accelerator regarding the uses of the IPMT and PPMT Excel functions. As such, I’d like to take the opportunity to discuss it. First…
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Understanding Low-Income Housing Tax Credit (LIHTC) Investments

In this article, we explore Low-Income Housing Tax Credit (LIHTC) investments, a key component in the affordable housing sector. Established to encourage private investment, the LIHTC program offers tax credits to developers for creating and…
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Mastering Return Metrics for Strategic Real Estate Investment Decisions

Return metrics are some of the key components for assessing commercial real estate investments. They give professionals an insight into the potential gains and risks associated with various properties. But which return metrics are most useful…
IRR and XIRR are different
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Why Your IRR and XIRR are Different (Updated June 2024)

This post was inspired by a question on our real estate financial modeling Accelerator forum. Additionally, Spencer and I frequently get emails asking about this very issue, which is 'why the IRR (internal rate of return) and XIRR (extended…
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Quick Thoughts on Evaluating Real Estate Investments Without Opening Excel

In our industry (commercial real estate), the ability to quickly evaluate investment opportunities is crucial for staying competitive. I know I've found in my professional career, that having a clear framework for evaluating - and then either…