When it comes to real estate financial modeling (REFM), there’s a ton of information out there… …which, ironically, makes it harder to understand. It can be nearly impossible to find one source that clearly explains the key points from start to finish. We have a 222-page guide to the topic in our Real Estate Financial […]

If you want to understand a company, look at its financial statements – and if you want to understand a property, look at its pro-forma. Many websites and textbooks describe the real estate pro-forma as a “cash flow projection” for a property. While that description is accurate, it’s more useful to think of the pro-forma […]

A few years ago, I pointed out that there was very little information about real estate private equity online. But one area has even less information: Real estate debt funds. Part of that is because interview guides and articles focus on equity-related buy-side roles. But it’s also because real estate is specialized, and few people know it […]

So, let me take a wild stab at your future career goals here: You want to make a lot of money… And ideally own a building or 3 with your name on them one day. And while you wouldn’t mind working the killer hours required in investment banking, you’d like to avoid it if at […]