{"product_id":"foundations-of-real-estate-financial-modelling-9781032454597","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\u003cstrong\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\/strong\u003e\u003c\/p\u003e\u003cp\u003eNow in its third edition, \u003ci\u003eFoundations of Real Estate Financial Modelling \u003c\/i\u003eequips 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 developments. 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, and (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 US 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\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cstrong\u003eRoger Staiger\u003c\/strong\u003e is an investor, author, and philanthropist. He is the owner of P(Gain), LLC, an international real estate investment and advisory firm that develops, owns, and manages real estate and operating businesses in the Washington DC metropolitan area and the Caribbean. His previous roles include Managing Director for a Fortune 500 Energy Company's commodity division, CFO for America's Best Mid-Sized Builder 2006, and a Senior Portfolio Manager for a large, commingled pension fund in New York. Mr. Staiger currently holds faculty positions in the real estate departments at John Hopkins University, University of Notre Dame, and Auburn University. He is also a faculty member in the MS Finance Program at The George Washington University. In addition, he provides expert witness testimony on issues related to Real Estate in US legal cases. \u003c\/p\u003e\u003cbr\u003e","brand":"Routledge","offers":[{"title":"Default Title","offer_id":50865662558482,"sku":"9781032454597","price":106.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_05800454-c830-4663-9ba2-00443a2a2fbf.jpg?v=1737682678","url":"https:\/\/surprise-castle.myshopify.com\/products\/foundations-of-real-estate-financial-modelling-9781032454597","provider":"Surprise Castle","version":"1.0","type":"link"}