In the context of a real estate development transaction, Land Equity is non-cash equity credit given to a land owner if the land owner elects to contribute the land as equity instead of selling the land for cash to the developer. The “credit” is given by both the developer (project Sponsor) to the land owner, [...]

Three Frequently Asked Questions About IRR (Internal Rate of Return) And NPV (Net Present Value) In Real Estate Transactions

A monthly-based IRR is imperative for a development analysis, but how useful is it for calculating a longer-term hold? If you have made monthly projections, then on the margin, a monthly-based IRR is always the better one to [...]

                       
Acquiring Mortgage Notes is a less obvious way to make a play in real estate, but the financial analysis is complex. Would you like to learn how to model Note Acquisitions and get a robust Excel Template with which to do so? Attend our 2-Day Intensive in person or virtually on 4/21-4/22.
Acquiring a Mortgage Note [...]

 
High Rise, published in the early 90s, is a fascinating read about the development and unfortunate timing of the delivery of a Manhattan office building into the incredibly weak early 1990s market. The central character is New York developer Bruce Eichner, and the building in question is the now Bertelsmann Building, located at 1540 Broadway, [...]

Over 200 joined us for last week’s webinars on the 2011 Annual Report on the Real Deals Joint Venture Equity Partnership Database! If you missed learning about how deals got done in 2011, included here is a video replay of the webinar, and the accompanying slides as well. Click below to learn about 5 Surprise [...]

I was working with a client the other day and while reviewing a modified version of one of our Excel Model Templates, I noticed that they had done something dangerous. They customized a row’s formula in a single cell to apply to an exception that was unique to the time period associated with that one column. [...]

Overview
The three Levels of REFM’s Certification Program In Excel For Real Estate measure proficiency in operating skillfully and efficiently in Microsoft Excel for the specific purpose of real estate transaction and partnership modeling analysis. Holding each subsequent Level of REFM Certification further validates your skills and demonstrates your seriousness about being an expert.
The rigorous Certification [...]

Here is another tip for modeling real estate transactions in excel!

Benefit from the tremendous amount of time that we have spent modeling in excel with the information we have condensed into our blog!

Washington, DC is now joining the group of jurisdictions where parking ratios for new developments are going from required minimum ratios to maximum allowable ratios. This is being done to reduce the car-centricity of District residents and those who work there. Developers are collectively breathing a sigh of relief and celebrating, as the cost to [...]