About REIT Modeling.
A self-paced course built around how listed real estate is actually modeled on the desk — not a generalist 3-statement course with a real-estate chapter bolted on.
What we do.
One course. Real estate financial modeling, taught from the basics. Built around Alstria, a listed German REIT, with five Excel exercises that grade your work as you go — each paired with a step-by-step expert-solution video.
What’s distinct: we teach the 3-statement modeling fundamentals any generalist course covers (P&L projection, balance-sheet roll-forwards, cash-flow construction, iterative interest-expense calculation) and the REIT-specific divergences in the same lessons. Cleaning published financials. The FFO bridge. Investment property at fair value. Equity-method joint ventures with the model-in-a-model build-up. Two layers, paired in each module — you don’t need a separate generalist course first.
The course is self-paced. There are no cohorts, no live Zooms, no scheduled office hours. You buy when ready, finish at your own pace, take the final exam (Pro tier), and earn a verifiable Certificate of Completion via Accredible (Pro tier).
Why this niche.
REIT modeling has its own line items and accounting choices that don’t show up in generic corporate models: the FFO bridge, fair-value-accounted investment property, equity-method joint ventures, lease-revenue build-ups, the iterative cash-and-debt schedule extended with an excess-cash switch.
A purely generalist 3-statement course doesn’t dwell on these because most companies don’t have them. A REIT-only course can teach the specifics — but only if you’ve already done the generalist groundwork. We took a different approach: both layers in the same lessons, taught against Alstria’s actual annual report, so the general modeling craft and the RE-specific judgements develop together rather than as a “translate later” exercise.
An analyst opening a half-built REIT model on Monday morning doesn’t get to choose which layer to apply — both are needed at once. That’s how we teach.
What we don’t do.
We’re not a credential mill. We don’t offer fifteen certifications, thirty mini-courses, or a “Complete Bundle” that covers everything from accounting basics to LBO modeling. We do one thing — real estate financial modeling — and we keep doing it well.
If you want a generalist financial modeling course, we’re not the right fit. If you want property-level acquisition or disposition modeling, M&A, or LBO modeling for RE, we’re not the right fit either.
If you want to model a listed REIT properly, this is what we built.
How we teach.
- By construction, not narration. Each lesson builds the model line by line. You see the cell, the formula, the result. Then you build it yourself in the Excel exercise — and the file tells you whether you got it right.
- From real disclosures, not stylized examples. The case study is Alstria’s actual annual report. Real footnotes, real fair-value adjustments, real JV vehicles. Not “Acme Corp.”
- On camera, not just narrated. The instructor is visible. Multiple alumni describe it as “feels like a live class rather than a standard online recording.”
- Self-paced, by design. No live cohorts. No weekly Zooms. The structure is the curriculum and the exercises — not a calendar.
The voice behind the course.
The course materials, voiceovers, and on-camera teaching are delivered by the instructor team. The brand voice is “we” — the curriculum is the product, not any one personality. We deliberately keep it that way: this is a course about modeling, not a personal brand.
For specific buyer questions about the curriculum, refunds, billing, or technical issues, email info@reitmodeling.com — we respond within 1 business day.