Back in the Saddle

I’m pleased to say that I’ll be teaching Real Estate Finance 1 again at Columbia University’s MS in Real Estate Development program this Summer. I’ve taught there since 2005 every year as an Adjunct Associate Professor and in that time...

Months and Days of Foolishness

I’ve been teaching real estate finance for years, and as a result, people like to send me things that are screwed up and then ask me for my opinion. See below. It’s an example of how not to write a waterfall structure. Depending on how you read it, you’re either...

Two More Times, but With Feeling

In addition to my regular Excel for real estate analysis class that I do in New York City, I’ll be doing a 1/2 day basic class for non-financial professionals at two locations in March and April. Both are sponsored by the Urban Land Institute. I do this for them...

Complexity and Excel

I’ve been teaching Excel for real estate financial modeling for years. Periodically, someone will say something to me like, “I can do everything I need to do on a napkin. Why would I need to take a class?” In concept, I agree. There’s nothing...