Build investment-ready real estate financial models for acquisitions, developments, funds, REITs and portfolio reporting.
FAB Analytics builds bespoke Excel-based real estate financial models that help developers, investors, fund managers and REITs evaluate opportunities, structure funding, forecast returns and monitor performance. Our models are designed to be transparent, flexible and commercially useful, from early-stage feasibility to transaction execution and ongoing asset or portfolio reporting.
FAB Analytics helps clients build models that provide clear answers to critical commercial questions:
We build detailed real estate development models for residential, commercial, mixed-use, hospitality, industrial and other property development projects. These models help developers, landowners, investors and joint venture partners evaluate project feasibility, funding requirements and expected returns.
Our development models can support both build-to-sell and build-to-lease / build-to-hold strategies. They typically include project timelines, land acquisition costs, hard and soft costs, construction phasing, sales or leasing assumptions, operating costs, debt funding, equity funding, tax assumptions, valuation and investor returns.
We build acquisition and disposition models for investors evaluating existing income-generating real estate assets. These models help assess purchase price, rental income, operating expenses, capex, debt financing, exit value and investor returns over the hold period.
For acquisitions, the model helps determine whether the asset meets the investor’s return thresholds. For dispositions, the model can evaluate expected exit proceeds, debt repayment, distribution waterfall and investor-level returns.
We build real estate private equity fund models for fund managers, sponsors and investment teams. These models help evaluate acquisitions, consolidate asset-level cash flows, model fund-level returns and structure distributions between LPs and GPs.
These models are particularly useful where the investment structure includes multiple assets, investor classes, capital calls, management fees, preferred returns, promote mechanics or complex distribution waterfalls.
We build REIT financial models to support asset-level forecasting, portfolio consolidation, investor reporting and valuation. These models help REITs and investment teams monitor income, occupancy, debt, distributions and key performance metrics.
We help real estate investors, developers, family offices and funds build portfolio reporting models that consolidate performance across multiple assets, projects or investment vehicles.
These models are useful for monthly or quarterly reporting, budget vs actual analysis, rolling forecasts, covenant monitoring and investor communication.
Our real estate modelling experience spans multiple asset classes and investment strategies, including:
| Model Module | What It Covers |
|---|---|
| Assumptions | Timeline, property stats, revenue drivers, cost assumptions, financing terms and exit assumptions |
| Revenue Forecast | Sales, leasing, rental income, occupancy, renewals and escalations |
| Expense Forecast | Land, construction, soft costs, operating expenses, tenant improvements and contingencies |
| Financing | Debt sizing, drawdowns, repayments, interest, refinancing and covenants |
| Valuation & Analysis | Cap rate, NAV, exit value and sensitivity analysis |
| Returns | Project IRR, equity IRR, MOIC, NPV, and cash-on-cash return |
| Waterfall | Preferred return, return of capital, catch-up, promote and investor distributions |
| Dashboard | Executive summary, key KPIs, charts, scenarios and investment decision outputs |
| Quality Checks | Error checks, balance checks, source tracking and model integrity checks |
Real estate models are not generic spreadsheets. They need to reflect the commercial structure of the transaction, the timing of cash flows, the funding strategy, the asset class, the investor return requirements and the way decisions are actually made.
FAB Analytics combines financial modelling expertise with real estate transaction experience to build models that are technically robust and commercially practical.
Our models are built using clear structure, consistent formulas, transparent calculations and easy-to-follow logic. This makes the model easier to review, update and use across multiple stakeholders.
We do not simply force your transaction into a generic template. We design the model around the specific project, asset, capital structure, investor terms and reporting requirements.
We support developers, real estate PE funds, REITs, family offices and investment teams across appraisal, acquisition, development, waterfall, portfolio and reporting models.
Real estate models often continue beyond the transaction stage. We can help maintain, update and evolve the model for actual performance tracking, investor reporting, refinancing, asset management and future acquisitions.
Where a full rebuild is not required, we can also review, and retrofit existing models to improve structure, accuracy, usability and reporting outputs.
We start by understanding the purpose of the model, the stakeholders who will use it, the transaction context, the business model and the outputs required.
Where an existing model is available, we use it as a reference for the required assumptions, structure and outputs. Otherwise, we request the relevant development, leasing, sales, operating, financing, tax and investment information.
We agree the forecast period, level of detail, development phases, revenue and cost drivers, financing structure, valuation approach, return metrics, scenarios and reporting outputs.
We develop the model in Excel using a clear and transparent structure. Where the model is being rebuilt, we align the key outputs with the existing model or other agreed reference information.
Where applicable, we prepare a log of potential errors, inconsistencies and areas requiring clarification in the existing model. These are discussed with the client before agreed changes are incorporated.
We test the model under different development, sales, leasing, cost, financing, valuation and exit scenarios. The model is also subject to structured quality-control checks before delivery.
We provide a walkthrough and handover to the relevant client team. Ongoing support can include actual-data updates, revised sales or leasing forecasts, financing changes, refinancing analysis and recurring asset or portfolio reporting.
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