The Real Estate Pro Forma Modeling Master Class

The Complete Guide To Building Dynamic Real Estate Equity Waterfall Models In Microsoft Excel

Everything you need to know about real estate equity waterfalls, all in one place.

This course will teach you everything need to know about how an equity waterfall works in real estate transactions, from the underlying mechanisms behind a waterfall, to how an equity waterfall is structured, to how to build an equity waterfall financial model in Excel. Whether you’re syndicating a real estate deal on your own, investing as a Limited Partner in a real estate syndication, or you’re a current real estate professional looking to add a lucrative skill set to your arsenal, this is a one-stop shop for everything real estate equity waterfall-related.

This course was designed for people from all parts of the real estate spectrum, including:

Current or aspiring real estate syndicators who want to earn outsize returns on their investments – Being aligned with investor interests is critical when structuring a real estate transaction, and a clear waterfall structure with incentives based on investment performance is the most direct way to create a win-win relationship for your team and your capital partners. Understanding the mechanisms behind an equity waterfall and having a dynamic waterfall model in your toolkit will allow you to structure your deals in the most advantageous way for both yourself and your investors.
Passive real estate investors involved as LPs in real estate syndications who want to invest passively with confidence – The Limited Partner position in real estate investing is a great role – no work involved, an inflation-protected, tax-shielded investment, and experienced management – but do you know how much you’re paying in fees? Understanding how a waterfall structure functions and having a dynamic Excel model to calculate true net returns can be the difference between a sound investment and being locked into a watered-down deal for years to come.
Current real estate professionals who want to earn more money – Equity waterfall modeling is one of the most desired skill-sets in all of real estate finance, with professionals proficient in this topic earning more than 8.1% above their peers according to national real estate recruiting firm RETS Associates. If you are a current or aspiring real estate professional, understanding the mechanics of an equity waterfall functions and how to build an equity waterfall in Microsoft Excel will put you head and shoulders ahead of your peers and add a rare and lucrative skill-set to your real estate investing arsenal.

Understanding equity waterfalls will put you miles ahead of the game, whether you’re looking to do your first deal or trying to land a job in commercial real estate finance. Looking forward to seeing you in the course!