Learning Path

Real Estate Developer

Entitle, budget, finance, and deliver ground-up projects.

For the ground-up side of the business: market and capital markets analysis to underwrite a site, the full capital stack from senior construction debt to preferred equity, construction/development finance mechanics, and the public incentive programs (LIHTC, TIF, PILOTs, Opportunity Zones) that can make or break a project's returns.

The Path, In Order

Module 1Part 0 — Foundations & Prerequisites

Zero-knowledge starting point: time value of money, reading financial statements, Excel modeling, statistics, macroeconomics, contracts, how financial markets work, professional writing, professional tools, and ethics. Complete this before anything else on the platform.

  1. 1Simple vs. Compound Interest
  2. 2Present Value & Future Value
  3. 3Annuities & Perpetuities
  4. 4Nominal vs. Effective Interest Rates
  5. 5The Income Statement
  6. 6The Balance Sheet
  7. 7The Cash Flow Statement (and How the Three Connect)
  8. 8Core Excel Skills for Financial Modeling
  9. 9Model Hygiene, Scenarios & Sensitivity Tooling
  10. 10Descriptive Statistics & Distributions
  11. 11Correlation & Regression
  12. 12Monte Carlo Simulation Intuition
  13. 13GDP, Inflation & Employment
  14. 14The Federal Reserve & Interest Rates
  15. 15Credit Cycles and Why They Matter to CRE
  16. 16What Makes a Contract Enforceable
  17. 17Negotiating, Breaching & Remedying Agreements
  18. 18Debt vs. Equity as Capital
  19. 19Bonds & Fixed-Income Basics
  20. 20Securitization Intuition: From Loan to Bond
  21. 21Writing Memos, Emails & Decks That Get Read
  22. 22Speaking With Authority in Meetings and Calls
  23. 23Email, Calendar & Project-Management Discipline
  24. 24Data Rooms, E-Signature & CRM Basics
  25. 25Fiduciary Duty & Conflicts of Interest
  26. 26Confidentiality & Professional Standards

Module 2Foundations & the CRE Ecosystem

What CRE loan origination is, who's involved, and how the business works.

  1. 1What a CRE Loan Originator Actually Does
  2. 2How CRE Loan Originators Get Paid
  3. 3Professional Designations & Career Credentials in CRE

Module 3Property Types & Asset Fundamentals

How each major commercial property type makes money, and what makes it unique to finance.

  1. 1Commercial Real Estate Property Types
  2. 2Multifamily Properties
  3. 3Office Properties
  4. 4Retail Properties
  5. 5Industrial & Logistics Properties
  6. 6Hospitality Properties
  7. 7Self-Storage Properties
  8. 8Medical Office & Healthcare Properties
  9. 9Senior Housing Properties
  10. 10Student Housing Properties
  11. 11Manufactured Housing Communities
  12. 12Data Center Properties
  13. 13Life Sciences Properties
  14. 14Mixed-Use Properties
  15. 15Land & Development Sites
  16. 16Special-Purpose Properties
  17. 17Alternative Land Income: Cell Towers, Billboards & Renewable Energy Ground Leases
  18. 18Industrial Outdoor Storage (IOS)
  19. 19Multifamily: Sub-Asset Classes, Financing & Underwriting Metrics
  20. 20Office: Sub-Asset Classes, Financing & Underwriting Metrics
  21. 21Industrial & Logistics: Sub-Asset Classes, Financing & Underwriting Metrics
  22. 22Retail Deep Dive: Sub-Asset Classes, Financing & Underwriting Metrics
  23. 23Hospitality: Sub-Asset Classes, Financing & Underwriting Metrics
  24. 24Healthcare & Senior Housing: Sub-Asset Classes, Financing & Underwriting Metrics
  25. 25Self-Storage: Sub-Asset Classes, Financing & Underwriting Metrics
  26. 26Data Centers: Sub-Asset Classes, Financing & Underwriting Metrics
  27. 27Land & Ground Leases: Sub-Asset Classes, Financing & Underwriting Metrics
  28. 28Manufactured Housing Communities: Sub-Asset Classes, Financing & Underwriting Metrics
  29. 29Mixed-Use & Master-Planned: Sub-Asset Classes, Financing & Underwriting Metrics
  30. 30Special-Purpose & Niche Assets: Sub-Asset Classes, Financing & Underwriting Metrics
  31. 31Life Sciences & Lab Space: Sub-Asset Classes, Financing & Underwriting Metrics
  32. 32Senior Housing Deep Dive: Levels of Care, Financing & Underwriting Metrics
  33. 33Student Housing: Sub-Asset Classes, Financing & Underwriting Metrics

Module 4Income, Value & Return Fundamentals

GPR, NOI, cap rates, and the return metrics investors use to compare deals.

  1. 1Net Operating Income (NOI)
  2. 2Cap Rate (Capitalization Rate)

Module 5Sourcing & Qualifying Deals

Finding real deals and spotting red flags before you invest your time.

  1. 1Sourcing & Qualifying a CRE Deal
  2. 2Sourcing Acquisitions: The Buyer's Playbook