{"product_id":"foundations-of-real-estate-financial-modelling","title":"Foundations of Real Estate Financial Modelling","description":"\u003cp\u003eNAMED ONE OF THE BEST COMMERCIAL REAL ESTATE BOOKS BY \u003ci\u003eTHE MOTLEY FOOL\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Staiger gives us the technical tools needed to build robust pro forma modeling around our real estate assets.\" -\u003ci\u003eMillionAcres\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eNow in its third edition, \u003ci\u003eFoundations of Real Estate Financial Modelling\u003c\/i\u003e equips a new generation of students and professionals with a resource \u003ci\u003eMillionAcres\u003c\/i\u003e guarantees they'll \"use throughout [their] commercial investing career[s]\". Designed to provide increased scalable basis of pro forma modelling for real estate projects, this complete update and revision of the classic text offers a step-by-step introduction to building and understanding the models underlying investments in properties from single family rentals to large-scale development. Case studies drawn from the author's storied investment career put models into real world context while problem sets at the end of each chapter provide hands-on practice for learners at any stage of their real estate careers. This edition employs the innovative financial metric P(Gain) to quantify the probability of a Return of Capital, ensuring readers' ability to answer the most fundamental question of investing--\u003ci\u003eWhat is the probability I'll get my money back?\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThe fully revised and enhanced third edition is organized in three functional units: (1) Real Estate Valuation Basics, Theory and Skills, (2) Real Estate Pro Forma Modelling, (3) Real Estate Pro Forma (Enhancements). Chapters cover:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eInterest Rates (Prime, Libor, Sofr)\u003c\/li\u003e \u003cli\u003eAmortization (Cash-Out Refinance modelling)\u003c\/li\u003e \u003cli\u003eADC (Acquisition, Development, Construction) Module\u003c\/li\u003e \u003cli\u003eRent Roll Module (including seasonality)\u003c\/li\u003e \u003cli\u003eWaterfall\u003c\/li\u003e \u003cli\u003eHotel Consolidation\u003c\/li\u003e \u003cli\u003eStochastic Modelling and Optimization\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAdditional chapters are dedicated to risk quantification and include scenario, stochastic and Monte Carlo simulations, equity waterfalls, and integration of U.S. GAAP financial statements. A companion website provides the real estate pro forma models to readers as a reference for their own constructed models, www.pgainllc.com.\u003c\/p\u003e \u003cp\u003eAn ideal companion in the classroom and the boardroom, this new edition of \u003ci\u003eFoundations of Real Estate Financial Modelling\u003c\/i\u003e will make even novices the \"experts in the room on [their] chosen asset class\" (\u003ci\u003eMillionAcres\u003c\/i\u003e).\u003c\/p\u003e","brand":"Routledge","offers":[{"title":"Default Title","offer_id":55700112048419,"sku":"9781032454597","price":47.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0982\/7336\/2211\/files\/16152523482555.jpg?v=1791029991","url":"https:\/\/agourabookcellar.com\/products\/foundations-of-real-estate-financial-modelling","provider":"Agoura Book Cellar","version":"1.0","type":"link"}