Real estate financial modeling & analysis
Welcome to AREA. [the Academy of Real Estate Analytics.]
Practical courses in real estate financial modeling and investment analysis. Learn to build the model, question the assumptions, and explain what makes a deal work.
Practical skills. Informed decisions.
Go beyond filling in the spreadsheet.
Learn how the assumptions connect, what drives the returns, and where a deal can go wrong.
Build the model.
Turn rent rolls, operating statements, and investment assumptions into a working real estate pro forma.
Test the deal.
Evaluate financing, run scenarios, and see how changes in rents, costs, and timing affect returns.
Explain the investment.
Present the key drivers, risks, and trade-offs behind your analysis with clarity.
Explore the curriculum
Find your starting point.
Start with the foundations, work through more complex deals, or focus on a specific skill. Choose the series that fits your experience and goals.
Build your foundation
Fundamentals
Build your foundation in Excel, real estate finance, and property modeling.
Explore series
Go deeper into the deal
Intermediate
Go deeper into debt, equity waterfalls, and property pro formas.
Explore series
Build from the ground up
Advanced
Build acquisition and development models from the ground up.
Explore series
Strengthen your skill set
Analyst Skills
Sharpen your scenarios, presentations, market analysis, and interview preparation.
Explore seriesCourses are in development. Explore each series to preview the planned curriculum.
Meet your instructor
Serious skills.
A refreshingly human approach.
Hi, I’m Andrew. I’ve spent more than a decade analyzing real estate investments and building the models behind them. AREA brings that experience into lessons designed to make complex concepts click.
We’ll work through the numbers, question the assumptions, and connect what’s happening in Excel to what’s happening in the deal. Expect practical examples, straightforward explanations, and a little humor along the way.
Learning something valuable should feel challenging, rewarding, and enjoyable.
Andrew Yelich
Founder, Academy of Real Estate Analytics
Who it’s for
Different backgrounds. A shared ambition.
For people who want to understand real estate investments and build the skills to analyze them.
Aspiring analysts
Build the Excel and underwriting skills you can demonstrate in interviews and put to work in your first role.
Real estate professionals
Take on more complex models, pressure-test your assumptions, and explain your recommendations with confidence.
Brokers & investors
Look beyond the asking price. Evaluate cash flow, financing, and return assumptions to better understand the opportunity.
Career changers
Connect your existing experience to real estate through practical modeling, investment concepts, and industry terminology.
From people I’ve trained
Skills that made a difference.
These experiences come from professionals I’ve trained directly. That same practical approach is at the heart of AREA.
Breaking into the industry.
After moving from England to the United States, David put his training to work in interviews and landed a role with a leading real estate private equity fund manager. He described the training as more helpful than any class he took at university.
Taking the next step.
Joseph strengthened his finance skills and deepened his understanding of pro formas. He credits the tools he learned with helping him stand out and earn a promotion from Development Associate to Project Manager at a national developer.
Building confidence on the job.
As a first-year analyst, Brett was working to keep up with a demanding workload. He reported that the training helped him work faster, take greater ownership of his pro formas, and improve both the quality and speed of his analysis.
Summaries of feedback from professionals trained directly by Andrew, prior to the launch of AREA’s upcoming courses.
Your first lesson is in the works.
A free preview of learning with AREA.
Free lesson preview
Get a feel for the classroom.
See how we turn a spreadsheet into an investment decision. Watch a free lesson, then practice with the accompanying Excel workbook.
Put the lesson to work.
When the lesson goes live, you’ll be able to sign up for the accompanying Excel workbook to follow along and practice.
Lesson + workbook coming soon