Leveraged Breakdowns

Introduction The work cycle of a real estate private equity investment team is to screen as many investment opportunities as possible. Most investments aren’t worth the time it takes to analyze them, but occasionally a few of them will catch your eye . For those opportunities, you will need to create a real estate private equity model and investment memo. This post will teach you how a real REPE investor would structure the executive summary of such a first-round investment memo. Structure An investment memo typically has three levels to its structure. First, the executive summary . The executive summary should explain the entire investment . It’s like the table of contents for the whole idea, but with sentences instead of page titles. The executive summary should present the investment’s conclusions, not necessarily the entire rationale. The pages after the executive summary will answer the “why” in greater detail, whereas the executive summary should just quickly explain the “...

Introduction Leveraged Breakdowns offers the best real estate private equity course . We are megafund insiders who know a thing or two about the investments process. With over $10B of closed acquisitions, we have experience with everything ranging from asset-level purchases to public company take-privates. If you’re looking to understand the real estate private equity game, there is no better place to start than with Leveraged Breakdowns. This post in particular will focus on some core Excel tips to boost your own real estate private equity skills. These are some basic things but are helpful for any beginner to master, especially since you’ll be spending hundreds of hours each month in Excel. Don’t Touch that Mouse! You should learn to model in Excel with every shortcut available. If you have to touch the mouse to do anything, you’re probably doing it wrong. You should be able to navigate excel entirely with your keyboard. Below are some helpful navigational tips, but the list go...