Real Estate Financial Modeling

9 Courses
20h 1m
76,775 Students
5.0 star rating 229 Reviews

Everything you need to build and interpret real estate finance models. This is the same training program we deliver to the world’s leading real estate private equity firms.

Learn to Build a Real Estate Financial Model Step-By-Step

Get 20+ Hours of Video Content + Reusable Real Estate Excel Model Templates

Get lifetime access to step by step online video training as well as industry-grade reusable real estate excel templates for modeling acquisitions and developments for multifamily, office, retail, industrial properties, including JV & Waterfall Modeling.

Learn From Real Estate Practitioners

Led by real estate private equity expert Aaron Hancock, you’ll not only learn modeling best practices across the different real estate property types, you’ll learn how real estate investors actually evaluate opportunities.

Enhance Your Real Estate Credentials

Designed for professionals and students pursuing careers in real estate private equity as well as operators, developers, lenders, individual investors. Enrollment includes the option of sitting for the Real Estate Financial Modeling Certification. Those who successfully pass the exam can present their achievement on their resumes and LinkedIn (see below).

This program has everything you need to build and interpret real estate finance models. All major real estate “food groups” are covered, including Multifamily, Office, Retail, and Industrial.

Who is This Program For?

This course is designed for individual investors as well as students and professionals pursuing careers in:

Acquisitions
Development
Private Equity
Asset Management
Brokerage
Lending

A 360° Real Estate Financial Modeling Program

This course begins with the foundations of real estate finance and excel best practices, adding complexity piece by piece. By the end of the program, learners will build complete, industrial grade multifamily, office, retail and industrial models, including in depth treatment of the modeling of revenues, operating expenses, capital improvements, debt, and joint venture waterfalls

Real estate financial modeling best practices
Real estate investment and development theory
How to utilize historical financials to build a multifamily acquisition model
How to utilize Argus outputs to build a commercial acquisition model
How to build a real estate development model
How to model a debt schedule
How to model a joint venture waterfall

What’s Included

Each module builds sequentially towards a complete understanding of the Real Estate model building process

12 Lessons

0h 54m

Introduction to Real Estate Modeling

Section 1 of our Real Estate Financial Modeling Program. This course provides an introduction to the function of real estate financial models, the challenges presented by bespoke approaches, and Wall Street Prep’s approach to teaching Real Estate Financial Modeling. We will begin with a review of efficiency and formatting fundamentals that will be …

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67 Lessons

3h 35m

Operating Cash Flow

Section 2 of our Real Estate Financial Modeling Program. Real estate is all about cash flow. This module will cover cash flow builds for multifamily and commercial property types. We will build the foundations of revenues and expenses and finish with a discussion on the importance of net operating income. Each section will begin with the characteri …

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22 Lessons

1h 19m

Non-Operating Cash Flow

Section 3 of our Real Estate Financial Modeling Program. Although real estate is valued based on operating cash flow, non-operating cash flows are integral to business plans. This module will cover leasing costs for commercial properties, capital improvements and costs associated with buying and selling a property. After detailed discussions of the …

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27 Lessons

2h 9m

Debt & Levered Cash Flow

Section 4 of our Real Estate Financial Modeling Program. Real estate is a highly levered asset class and an understanding of leverage is critical for any real estate investor. This module will serve as a primer on real estate debt, covering everything from different ways to finance an acquisition, to key terms in loan documents and how to model an …

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22 Lessons

2h 1m

Joint Ventures & Waterfalls

Section 5 of our Real Estate Financial Modeling Program. The waterfall is infamously part of most real estate interview modeling tests. This module introduces joint ventures and the theory behind waterfalls. After introducing key terminology and reinforcing the underlying theory, considerable time will be spent on a step-by-step walkthrough of how …

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26 Lessons

2h 31m

Summarizing & Analyzing the Model

Section 6 of our Real Estate Financial Modeling Program. Real estate financial models are tools for projecting the cash flows of a potential investment. The cash flow projections alone are not enough to analyze a potential investment. This module will cover how to summarize the outputs of a model to form the basis of an analysis by discussing key m …

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41 Lessons

3h 12m

Development Modeling

Section 7 of our Real Estate Financial Modeling Program. Real estate can be bought or built. Up to this point, the course has been focused on buying property. This module will unpack the differences and similarities in modeling a development and an acquisition. Development specific topics such as construction budgets and lease-up will be covered as …

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14 Lessons

1h 35m

Office Building Acquisition Case Study

Section 8 of our Real Estate Financial Modeling Program. Building well-formatted and extensive models is the name of the game for those working for institutional firms or preparing materials for a potential investor. But, many situations – whether a modeling test or first pass at a potential personal investment – necessitate building a model quickl …

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15 Lessons

2h 45m

Multifamily Building Development Case Study

Section 9 of our Real Estate Financial Modeling Program. Building well-formatted and extensive models is the name of the game for those working for institutional firms or preparing materials for a potential investor. But, many situations – whether a modeling test or first pass at a potential personal investment – necessitate building a model quickl …

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Get the Real Estate Financial Modeling Certification

Learners are eligible to earn Wall Street Prep’s globally recognized Real Estate Financial Modeling Certification. The certification is earned by successfully completing the final exam from the program’s 7 individual courses. (“Case study” courses do not include a final exam). These online assessments can be taken any time after enrollment in the program.