About This Workshop
A two-day interactive workshop designed for founders, operators, and professionals who want to finally understand how real estate finance actually works — and learn to speak the language of developers, investors, and property owners.
Over two 90-minute live sessions, you’ll learn the ins and outs of real estate economics. The fastest way to lose credibility with developers and investors is to use the wrong financial language, so understanding the industry’s key metrics and terms is essential.
This workshop teaches you the basics of real estate finance — without jargon, and without assuming you’ve ever opened an Excel model.
You’ll walk away knowing how to:
- Understand the players in a deal and how capital flows between them
- Read a property P&L and identify what actually drives value
- Decode key metrics like cap rate, NOI, and IRR — and how they map to business performance
- Grasp how developers and LPs structure deals, waterfalls, and promotes
- Speak fluently with anyone in the real estate ecosystem
Questions about the workshop?
View FAQs on format, access, recordings and more: FAQs
The Workshop Will Cover
The Players, the P&L, and the Language
- Who’s who in a real estate deal: GPs, LPs, lenders, and service providers
- How properties are structured financially (and why every building is its own business)
- The property P&L: revenue, expenses, and the all-important NOI
- Translating startup and corporate finance into real estate terms
- Common misunderstandings founders make — and how to avoid them
Capitalization, IRR, and the Exit
- How projects are capitalized: the debt–equity “capital stack”
- Understanding waterfalls, promotes, and preferred returns
- IRR and yield on cost — what they mean and why timing matters
- How developers get paid: fees, promotes, and refinances
- Exit strategies — from merchant build to long-term holds
- Why focusing on NOI is the key to creating value in real estate
Format & Access:
- Two live sessions: Each 90 minutes, split across two days
- Post-workshop access: Circle community with recorded breakdowns, sample agreements, and template resources