Real Estate Analyst

Create flexible real estate financial models in Excel. This financial modelling course shows how to develop rent functions and net operating income. It also shows how to value and appraise property investments and calculate, interpret and analyse the results.
 

On this course, you will…

  • Learn how to structure an investment cash flow from first principles and how to value and appraise property investments
  • Learn how to model lease behaviour and create income forecast
  • Build OPEX and CAPEX into your cash flow
  • Analyse risk using sensitivity tables and charts
  • Employ best practice and find solutions to common modelling problems

 

Who will benefit from this course?

  • Real Estate Analysts and Investors
  • Surveyors
  • Portfolio Analysts
  • Investment Managers
  • Real Estate professionals at any level with exposure to real estate financial models on a frequent basis
  • Mid-level to senior Real Estate Analysts who would like to start building their own real estate models quickly, rather than relying solely on coaching from existing team members
  • Junior or new Real Estate Analysts who would like to start building their own real estate models quickly, rather than relying solely on coaching from existing team members
  • APC candidates who would like the opportunity to consolidate their competencies by understanding how theory and variables interact within the precision context of a financial model.

 

Course Outline


Day One


Day One

Know how to build a property asset cash flow, analyse geared, and un-geared IRRs.

  • Term & Reversion and Layer Method Valuation (Intro to Excel)
  • Equivalent Yield (Solver, Scenario and Goal Seek functions)
  • Single-Let Discounted Cash Flow
  • Cash Flow inputs (Rents, Yields, Growth Rates, Target Returns)
  • Analysis and use of date series
  • Internal Rate of Return (IRR) and Net Present Value (NPV)
  • Comparing Value, Price and Worth
  • Adding borrowing and analysing geared returns
  • Introducing Rent Reviews and other ‘events’ into cash flows
  • The ‘Rent Function’ concept and Logic functions (IF,OR,AND)
  • Sensitivity analysis

Day Two


Day Two

Know how to build a multi-let property cash flow and apply the concepts on a hypothetical case study.

  • The ‘Rent Function’ and Multi-let cash flows
  • The ‘date problem’ and assumptions in property asset cash flows
  • Reducing the rent function, intermediate calculations and modelling theory
  • Modelling lease expiries, break clauses, voids, and upward only covenants
  • Incorporating time-varying rental growth rates
  • Analysing multi-let cash flows to see if the leases are sufficiently diversified
  • Further IRR analysis (XIRR, MIRR)


 

Post-Course Support

We complement all our financial modelling courses with two months’ learning support, to make sure you will fully benefit from our training.

How does it work?
You can contact us at any time and one of our experts will come back to you within two working days. The expert’s time is limited to 10 minutes per inquiry on questions related to the course material only.
 

Need More?

One Year Learning Support

We also offer an exclusive learning support for a whole year to assist you whenever you need us. To use this offer contact Kendal Bahadirgil before or after your financial modelling course and request “one year learning support” for the additional fee of only £500 + VAT.