Free, and free to share
Download, adapt and pass them on to anyone, as long as they stay free. Each model keeps its Version tab and its authors' credits, and both travel with the file.
Development Models
The Excel models we use to price, finance and lease neighborhood retail. Free to download, adapt and share.
A strip center gets built when the numbers work for everyone at the table: the landowner, the tenant, the lender, the contractor and the partners. Those numbers come from a handful of standard models, and we would rather everyone worked from the same ones.
So here they are. These are established industry models, the ones we use on neighborhood centers and drive-thru pads. Retail comes first because it is most of what we build; models for other asset classes will follow.
We would rather everyone worked from the same numbers.
12 items
Underwrite the project
Structure the equity
Finance the build
Lease, hold and sell
Before you download
Built for desktop Excel
The models need Excel 2013 or newer on a computer. Some use macros, which Windows blocks in downloaded files until you unblock them; each page explains how.
For learning, not advice
These are tools and illustrations. They are not investment, legal or tax advice, not appraisals, and not an offer of any investment. Check every assumption against your own deal.
Owners, brokers & representatives with sites
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Have a corner that could carry a center? Run the numbers, then talk to us.