Real Estate Investment School (Investment Cash Flow Modelling)

Real Estate Analyst

Real Estate Modelling Masterclass

Understanding Key Principles of Real Estate Financial Modelling

Construct Investment Financial Models starting from foundational principles

Learn how to value an appraise property investments.

Gain a comprehensive understanding of modelling tenancy schedules, including lease structures, rental income projections, lease expiry analysis, and lease renewal

Develop proficiency in creating robust models.

Understand how the application and use structure finance products in Real Estate

Learn advanced modelling techniques to analyse underlying asset risk

Appreciate the importance of data in investment cash flow modelling.

Gain a deep comprehension of the interrelationship between the metrics used in investment cash flow modelling

Real Estate professionals at any level with exposure to real estate financial models on a frequent basis

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

Mid-level to senior Real Estate Analysts

Real Estate Managers who would like to gain an understanding of the dynamics of debt and financial return fluctuations in more detail

Property industry modellers who would like to be fully proficient in building complex financial models

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

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)

Mezzanine debt modelling

Joint Venture structures between developers and lender/equity partners

Promote and profit share structure calculations

Advance project cash flows with mezzanine debts

Key Real Estate and investment risks, risk adjustment of exit yields

Sensitivity and Scenario Analysis

Monte Carlo Analysis

Time Value of Money

Net Present Value (NPV)

Internal Rare of Return (IRR)

Growth

What Discount Rate?

Certainty of a cash flow

Liquidity

Comparing Price, Value and Worth

Conventional Valuation Methods

Term and Reversion, Layer Method

Property Yields and Capitalisation Method

Exit calculations across Europe

Investment Appraisal Models

Cash flow inputs: Rents, Yields, Growth Rates, Target Returns

Cash-on-Cash and Equity Multiple

Discount Rates & Exit Cap Rate

Operating Assumptions

Adding borrowing and analysing geared returns

Sensitivity analysis and scenario analysis

Growth and inflation

Performance measures

Contemporary issues for analysis (such as the rise in interest rates

CPD Accredited Certificate & LinkedIn Proficiency Badge

Course Manual - In-Person Course attendees will receive a Physical Copy, Virtual Course attendees will receive a Virtual Copy and have the option to purchase a Hard Copy at an additional fee

Course Files

Online Learning Platform access - Further Learning Resources (Reading, Files and Videos)

Post Course Support - Two Months of Questions & Answers, and One year of support is available for an additional fee