The Commercial Real Estate Lease Modeling Master Class
What you'll learn
- Learn how to build dynamic, institutional-quality CRE models incorporating reimbursement structures, rent escalation schedules, re-leasing assumptions, and more
- Learn how to replace ARGUS and use Excel to perform the calculations necessary to model commercial leases
- Learn how to create institutional, professionally formatted models for retail, office, and industrial deals to present to investors and partners
- Learn how to create dynamic Excel dashboards showing tenant cash flows over time, capital costs, and reimbursement structures
Requirements
- Access to Microsoft Excel for Mac or PC, Mac Numbers, or Google Sheets
- A basic understanding of real estate finance terms and calculations is recommended
Description
Want to learn how to model complex commercial real estate leases in Microsoft Excel from scratch, even without ARGUS?
This course is a complete, step-by-step guide to modeling commercial leases for retail, office, and industrial real estate. This is a project-based course, meaning you'll start with a blank Excel workbook and walk away with a fully-functional, dynamic, commercial lease model that YOU'VE created - from scratch.
By the end of this course, you'll be able to build a dynamic, professional-quality commercial real estate lease model from scratch, and your first one will be done by the time you finish the last lecture.
This course will teach you how to model things like multiple tenant lease terms and expiration dates, complex reimbursement structures, renewal probability and downtime, tenant improvement allowances, leasing commissions, and much, much more. At the end of this course, you will be able to:
Build an institutional-quality, dynamic commercial real estate lease model from scratch
Learn key Excel shortcuts to double your real estate financial modeling speed
Model multiple lease structures and quickly and easily model complex reimbursement structures (NNN, FSG, MG, & BYS)
Use renewal probability to accurately drive your future cash flows at a commercial property
Build a dynamic lease structure that models irregular rent increases (or decreases) and dynamically changes cash flows with the click of a button
Model dynamic leasing commissions on a commercial deal, even if you have different agreements for different periods of a lease
Build out percentage rent formulas to model percentage rent payments for retail tenants based on net sales
Create easy-to-view annual cash flow roll-ups to quickly review your work and present to investors or colleagues
This course is perfect for you if:
You're a college student or graduate student looking to break into real estate investment after graduation, and you're looking to add the key technical skill sets to your arsenal that will put you head and shoulders above the competition and allow you to land a lucrative career opportunity in the field
You're a professional in a different field, but looking to buy real estate on the side and want to be able to confidently analyze a commercial deal
You're an existing real estate professional looking to advance your career, increase your compensation, and break into the real estate investment industry.
You've bought rental homes or duplexes, and now you're looking to move into bigger commercial properties and want to feel confident in your ability to analyze deals.
Here's what some of our students have had to say:
★★★★★ "Justin really takes a deep dive into crucial concepts that play a huge role in the practical modeling portion of the course. The content is clear and concise, and he makes sure you understand things before moving onto more advanced material. I've taken a few of Justin's courses and every one of them has been indispensable in my REPE analyst intern role."
★★★★★"Brilliant Justin. Each course I do I get more confident and regularly use the skills and formula writing at work. The great think about these courses is that they revolve around the same base. Each time you complete a different course the base knowledge is reinforced and then built upon."
★★★★★"This course I found to be complete in all aspects of Commercial Lease Modeling, combined with Justin's teaching style, really enables me to look at Commercial lease modeling opportunities with a renewed sense of understanding, and confidence."
If you have a basic understanding of real estate finance, and you're looking to apply that knowledge to analyze new commercial real estate investment opportunities, enroll now and let's get started building this model together today. Looking forward to having you in the course!
Who this course is for:
- Real estate investors and professionals who want to learn how to dynamically model commercial real estate properties with complex lease structures without using expensive tools like ARGUS
- Aspiring real estate investment professionals who want to begin a lucrative career in private equity real estate
- Single-family home and duplex investors who are looking to acquire retail, office, and/or industrial properties and want to have the skill set to confidently analyze return projections for new deals
Instructor
- 4.7 Instructor Rating
- 34,025 Reviews
- 88,459 Students
- 20 Courses
Master real estate financial modeling, advance your career, and earn more money.
If you’re an aspiring real estate investment professional looking to break into the real estate investment field, or a current real estate professional looking to advance your career and increase your compensation, you’re in the right place.
My name is Justin Kivel, and I’m a real estate investment professional with a love for teaching. Throughout my career, I’ve worked on over $1.5 billion of closed acquisitions across multifamily, retail, office, and mixed-use properties. I’ve had the opportunity to work with some of the brightest minds in real estate investing and have spent almost a decade in the industry across private equity, finance, and brokerage roles.
Unfortunately, most of what I know today I had to learn on the job. Although great courses exist on Microsoft Excel and financial modeling, I couldn’t find a resource that was specifically tailored toward real estate investment professionals that would actually walk me through exactly what I needed to know to succeed in the real estate investment industry.
These courses are that resource.
After dozens of phone calls and coffee meetings with college students and aspiring real estate investment professionals, I realized that most people were asking exactly what I was asking when I was in their shoes.
“What skills do I actually need to know to break into the real estate investment industry, or advance in my current real estate investment career?”
These courses were created to teach you those skills.
Our students have gone on to land jobs at some of the top real estate investment, development, and brokerage firms across the globe, including Brookfield Asset Management, Hines, Starwood Capital Group, LaSalle Investment Management, Eastdil Secured, JLL, CBRE, and many more.
Over 80,000 current and aspiring real estate investment professionals have used these courses to help them ace real estate financial modeling interview exams to land their dream jobs, secure consulting gigs with top private equity firms, build (and rebuild) entire financial models from scratch, and confidently analyze their own potential real estate investments.
So whatever that next step in your real estate investment career looks like, these courses are here to help you get there as quickly and efficiently as possible.
Looking forward to seeing you in class!