Real Estate Financial Modeling provides financial analysis, training and data solutions for the multi-trillion dollar global commercial real estate business.
    "Thank you REFM! This is the single most productive day ... [read more] - Masters Student
    " excellent training system for Real Estate novices and professionals ... [read more] - Masters Student
    "REFM simplifies an otherwise complex process." [read more] - Jim Shirey, Realtor
    "The REFM seminar... took me through the nuts and bolts ... [read more] - Evette Houston
    "The [Real Estate Finance Bootcamp] course is abstract enough to ... [read more] - Antoine Tyler - Georgetown U.
    "The videos and spreadsheet will be invaluable going forward..." [read more] - Alok Chanani, Wharton MBA Student
    "REFM’s training provided me with invaluable insight into the apartment ... [read more] - Martha Hastings, Associate
    "REFM's customizable and transparent proforma is an excellent tool to ... [read more] - Frank Caico, Principal
    "I attended REFM's recent Atlanta training session in hopes that ... [read more] - John Hicks, Asst. Professor
    "This training seminar is clear and concise, adding the videos ... [read more] - Tony Williams - Managing Partner
    "REFM has clearly taken what most finance executives dread creating ... [read more] - Matt Pace - Consultant
    "The RE Finance Bootcamp REFM held was a great opportunity ... [read more] - Erica Gordy
    "Bruce is a knowledgeable, great instructor who can take difficult ... [read more] - Masters Student - Georgetown U.
    "I would recommend this course [Real Estate Finance Bootcamp] to ... [read more] - Jonathan Price
    "REFM walks you through real-world scenarios, and then through an ... [read more] - JAA

Corporate In-House Training


Set up your employees for success by teaching them how to make fewer mistakes and be more productive in Excel

REFM Training enables employees to accurately and efficiently solve problems with Excel by teaching basic and advanced principles, stepping through Excel models line-by-line, and performing skills exercises.  REFM also offers testing of employees and employee prospects.



 "A high-impact, A+ training session for our analysts; worth every penny." 

- Matthew Casper, Managing Director, Park Hill (affiliate of The Blackstone Group)



Training content authorship

Training content is created by REFM founder Bruce Kirsch, who is an Editor of the Third Edition of the top graduate-level real estate finance textbook, Real Estate Finance and Investments: Risks and Opportunities by The Wharton School’s Emeritus Professor of Real Estate, Dr. Peter Linneman.

Mr. Kirsch was previously an Adjunct Faculty member in Real Estate at Georgetown University, and he holds an MBA in Real Estate from The Wharton School and a BA in Communication from Stanford University.  Prior to founding REFM, Mr. Kirsch worked in analytical roles for two top real estate platforms and a global mutual fund manager.


Learn more below, and then contact us

Email with inquiries 


REFM has performed customized in-house trainings for businesses, organizations and institutions including:

  • Abu Dhabi Investment Authority
  • CBRE Strategic Investors
  • Jamestown Properties
  • PN Hoffman
  • Park Hill Group
  • JPMorgan Global Real Estate
  • Canada Pension Plan Investment Board
  • Paul Hastings
  • Lubert-Adler Partners
  • Capital One Bank
  • Vornado Realty Trust
  • Fannie Mae
  • Cantor Commercial Real Estate
  • The JBG Companies
  • Hodes Weill & Associates
  • Prudential Real Estate Investors
  • Prometheus Realty
  • Skanska USA Commercial Development
  • Clark Enterprises
  • Crescent Communities
  • LNR Property
  • Peterson Companies
  • GTIS Partners
  • The McKee Group
  • Alvarez & Marsal


Benefits of REFM Corporate In-House Training Include:

  • Higher Return On Investment than sending multiple individuals to public trainings
  • Improved Excel-based problem-solving and analysis skills, quicker work turnaround and fewer mistakes
  • Stronger performance on projects
  • Increased confidence in advanced sensitivity analysis abilities
  • Improved financial modeling knowledge, understanding and customization capabilities
  • Sharpened presentation of transaction financials
  • Heightened credibility with potential partners, lenders, investors and internal stakeholders


Popular training delivery formats include:


Popular courses include:

  • REFM's Level 1 through 3 Bootcamps (Excel For Real Estate, Real Estate Finance, and JV Waterfall Modeling)
  • Individual asset transaction modeling (e.g., Apartment Building Acquisition, Mixed-Use Condominium Development)
  • Private Equity Fund Modeling


"REFM hands-on skills training improved our employees’ ability to leverage Microsoft Excel to the benefit of our clients. The Virtual format was superb in that it allowed us to simultaneously deploy the training across multiple office locations in a seamless fashion."

Paul Myslinski, Director
Alvarez & Marsal Real Estate Group



See our full brochure

Our brochure of current training offerings is embedded in the page below (click here to download it). Custom-tailored programs and testing are available upon request. Email with inquiries.