Special Commercial Real Estate Topics - Adventures in CRE https://www.adventuresincre.com/re-education/special-topics/ Real Estate: AI, Financial Modeling, Careers, Education Mon, 25 Aug 2025 23:37:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 https://www.adventuresincre.com/wp-content/uploads/2021/09/green-background-36x36.png Special Commercial Real Estate Topics - Adventures in CRE https://www.adventuresincre.com/re-education/special-topics/ 32 32 The Real Estate Site Visit Checklist: What to Look For and Other Thoughts https://www.adventuresincre.com/quick-site-visit-checklist-real-estate/ Mon, 25 Aug 2025 20:48:38 +0000 https://www.adventuresincre.com/?p=1177901 In our business, initial assessments are most often made from a distance. We rely on Google Maps satellite images, broker packages, demographic reports, street view, and more to evaluate a multi-million-dollar property. And these assessments generally come before we ever step foot on site. Which is why that the in-person site visit is so crucial. […]

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]]> Understanding Stabilization Through The Lens Of Operating Expense Ratio https://www.adventuresincre.com/understanding-stabilization-through-lens-operating-expense-ratio/ Thu, 07 Aug 2025 21:58:52 +0000 https://www.adventuresincre.com/?p=1169633 The term “stabilized” is deeply embedded in the language of real estate. It shows up frequently in financial models, offering memoranda, development strategies, and underwriting assumptions. So frequently, in fact, that its meaning is often taken for granted. Yet when examined more closely, the concept reveals itself to be far more nuanced than it first […]

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]]> 30/360, Actual/365, and Actual/360 – How Lenders Calculate Interest on CRE Loans – Some Important Insights (Updated July 2025) https://www.adventuresincre.com/lenders-calcs/ Mon, 21 Jul 2025 12:00:05 +0000 https://www.adventuresincre.com/?p=2650 (Updated August 7, 2019 to include a Watch Me Build video and Downloadable file) Commercial real estate lenders commonly calculate loans in three ways: 30/360, Actual/365 (aka 365/365), and Actual/360 (aka 365/360). Real estate professionals should be aware of these methods if they want to understand the real interest rate as well as the total amount of interest […]

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]]> Deep Dive: One Company’s Bold Bet on Solving the Housing Crisis https://www.adventuresincre.com/cuby-solving-housing-crisis/ Fri, 27 Jun 2025 18:41:18 +0000 https://www.adventuresincre.com/?p=1140727 Back in 2022, we sat down with Aleks Gampel for an episode of the A.CRE Audio Series to talk about an audacious new venture he was co-founding called Cuby Technologies. A long-time follower of A.CRE, Aleks laid out a bold vision for a world where we could build cities in days instead of years. You […]

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]]> Single Tenant NNN Lease Valuation Model (Updated May 2025) https://www.adventuresincre.com/single-tenant-nnn-lease-valuation-model/ Tue, 20 May 2025 00:59:12 +0000 https://www.adventuresincre.com/?p=3205 I originally built this single tenant net lease (NNN) valuation Excel model back in 2016. Based on some feedback from a few of our readers, I’ve since made quite a few updates (see v2.0 updates video below). This model is an attempt to re-think how the industry underwrites single-tenant net lease investments. The model is […]

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]]> From Data Grind to Deal Time: Spencer Burton Talks AI in CRE on the CRE Exchange Podcast https://www.adventuresincre.com/from-data-grind-to-deal-time/ Fri, 25 Apr 2025 19:59:22 +0000 https://www.adventuresincre.com/?p=1098543 Earlier this month, our own Spencer Burton had the chance to join Omar Eltorai on Altus Group’s (the company behind ARGUS) CRE Exchange podcast to talk about what he’s building at CRE Agents and explore one of the most exciting shifts happening in commercial real estate today—the real-world impact of AI on our industry. It […]

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]]> From Risk-Free To IRR: Unlocking The Relationship Behind Real Estate Rates And Spreads https://www.adventuresincre.com/from-risk-free-to-irr/ Tue, 07 Jan 2025 15:00:17 +0000 https://www.adventuresincre.com/?p=1020887 Recently, an insightful question was raised in the Q&A section of the A.CRE Real Estate Financial Modeling Accelerator about how real estate rates and spreads influence investment decisions. This inspired me to explore the intricate relationship between financial metrics like the risk-free rate, cap rate, discount rate (IRR), and spreads, and their impact on real […]

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]]> Deep Dive – Land Acquisition and Assemblage (Updated September 2024) https://www.adventuresincre.com/deep-dive-land-acquisition/ Mon, 23 Sep 2024 18:45:43 +0000 https://www.adventuresincre.com/?p=17064 This is a topic I’m all too familiar with. You see, I cut my teeth in real estate largely sourcing and negotiating residential and mixed-use land acquisition opportunities.  I’ve put land deals together both as a fiduciary and as a principal, both in the United States and abroad. In this deep dive on land acquisition […]

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]]> Exploring Tokenization in Commercial Real Estate https://www.adventuresincre.com/real-estate-tokenization/ Tue, 27 Aug 2024 13:00:37 +0000 https://www.adventuresincre.com/gpt-4-financial-prediction-study-copy/ I have always been interested in developing technology trends, and, in the spirit of exploring future possibilities in our industry, I wanted to discuss a developing trend of tokenization in commercial real estate. If you’re not yet familiar with terms like tokenization, cryptocurrencies, or blockchain, this article will introduce these concepts in a straightforward way, […]

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]]> A.CRE 101: How To Use The Discounted Cash Flow (DCF) Method To Value Income Producing Property (Updated Aug 2024) https://www.adventuresincre.com/discounted-cash-flow-method-dcf/ Fri, 23 Aug 2024 13:00:22 +0000 https://www.adventuresincre.com/?p=7957 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 in a DCF to look at an investment can be looked at as […]

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]]> Through The Entitlement Process: Identifying Risks and Strategies For Mitigation (Updated Aug 2024) https://www.adventuresincre.com/entitlement/ Sat, 17 Aug 2024 18:45:44 +0000 https://www.adventuresincre.com/?p=47686 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 even failure, all while significant money needs to be spent and put at risk long before any revenue can […]

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]]> Analyzing Value-Add Investments in Real Estate Using Yield-on-Cost (Updated Aug 2024) https://www.adventuresincre.com/value-add-yield-on-cost-real-estate-analysis/ Wed, 07 Aug 2024 18:00:25 +0000 https://www.adventuresincre.com/?p=220115 So a question recently came in around why a commercial real estate investor would use the Yield-on-Cost metric to assess a value-add real estate investment. This question came on the heals of several other questions also related to development spread (i.e. investment spread) and market cap rate. So I thought I’d put a post together […]

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]]> Using the Cash-on-Cash Return in Real Estate Investment Analysis (Updated Aug 2024) https://www.adventuresincre.com/cash-on-cash-return/ Sat, 03 Aug 2024 14:30:35 +0000 https://www.adventuresincre.com/?p=8577 I’ve fielded a handful of Cash-on-Cash (CoC) return questions of late. So, I thought it would be worthwhile to write a post on what the Cash-on-Cash return metric tells me about a potential real estate investment. This article is a primer, if you will, on when this metric is helpful to use in your analysis […]

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]]> How to Use Debt Yield to Calculate Loan Amount (Updated July 2024) https://www.adventuresincre.com/use-debt-yield-calculate-loan-amount/ Thu, 18 Jul 2024 13:00:05 +0000 https://www.adventuresincre.com/?p=7622 In our glossary of commercial real estate terms, we recently answered the question: what is debt yield? As a follow up to that entry, I thought I’d expand on the concept of debt yield by showing you how lenders use debt yield to come up with the appropriate mortgage loan amount. Lenders and Sensitivity to Loan […]

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]]> Deep Dive – Sources of Capital: Real Estate Private Equity (Updated July 2024) https://www.adventuresincre.com/deep-dive-real-estate-private-equity/ Thu, 11 Jul 2024 16:00:54 +0000 https://www.adventuresincre.com/?p=13608 Capital for commercial real estate investments is generally sourced from one or more of the following buckets: public equity, public debt, private equity, or private debt. In my experience, few people fully understand these four buckets of capital, let alone how the various capital sources work together to get a real estate deal done. In […]

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