Real Estate Investment Fund – Development Properties

Commercial Real Estate Properties, Development, Financial Model, Investment, Real Estate, Residential Properties

Cap Rate (Capitalization Rate), Cash Flow Analysis, Cash Flow Projections, Cash-on-Cash Multiple, Excel, Financial Analysis, Financial Model, Financial Modeling, Financial Projections, Investor Cash Flows, Investors, IRR (Internal Rate of Return), NPV (Net Present Value), Private Equity Waterfall Distribution Models, Pro-Forma, Property Valuation, Real Estate Valuation, Return on Investment (ROI)

This model projects monthly future cash flows from development properties in a Real Estate Investment Fund from the purchase of the land through the sale of units. This covers development costs, financing, levered free cash flow, and a cash waterfall for investors. The tabs included are:

• Fund Summary
• Inputs
• Project Schedule
• Monthly Cash Flows through the purchase of the land, construction, and sale of properties

The Fund Summary tab provides a snapshot of the overall fund proforma and key metrics. The Inputs tab contains all of the inputs used in the model. Inputs for the properties in the fund, such as the construction schedule, development costs, and finance and investor terms, are entered in this tab and flow into the Monthly Cash Flows tab and Project Schedule tabs.

The Monthly Cash Flow is a proforma projecting the revenue build-up of the properties from pre-construction to after the sale of the properties. This also includes important aspects such as development costs, financing, levered free cash flow, and a cash flow waterfall for investors.

All cells in blue font are input cells where custom information can be entered. All cells in black font are formulas set to streamline the model.