Real Estate Financial Modeling provides financial analysis, training and data solutions for the multi-trillion dollar global commercial real estate business.
    “After completing the REFM class, I developed a clear and ... [read more] - Rob Quarton
    "REFM packs an amazing amount of information into the seminar. ... [read more] - CY
    "From feeling like Zero Excel expertise to almost 100 in ... [read more] - Anonymous
    "REFM's courses are a must for students/professionals who wish to ... [read more] - Darius Thornton
    "Our workshop was two days of first-rate instruction with a ... [read more] - Kris Garin
    "I was immediately able to incorporate techniques and methods taught ... [read more] - David Todd
    "Employers know that the REFM Certification isn’t a cakewalk, so ... [read more] - W. Brett Flanders
    "Thanks for a great workshop. Your Excel modeling skills ... [read more] - George R. Farish, II
    "As a graduate of a liberal arts program, REFM Certification ... [read more] - Zachary Wenner, Analyst
    “REFM’s training gave me the edge I needed to get ... [read more] - Dinos C.
    "REFM has assisted Kiddar on multiple occasions in the difficult ... [read more] - Todd Hitt
    "REFM provided PrimeMark with valuable insight and a competitive advantage ... [read more] - Wayne Slavitt
    "I have gotten so many compliments on our REFM Models ... [read more] - Will Lansing
    "I've been taught several of the same concepts before in ... [read more] - Matthew Legge
    "REFM’s outstanding technical grasp and capabilities are matched by their ... [read more] - Thomas Henriksson, LEED AP

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.


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

  • CBRE Strategic Investors
  • 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
  • Alvarez & Marsal
  • A Middle East Sovereign Wealth Fund


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


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See our full brochure

Our brochure of current training offerings is embedded in the page below (If you can't see it, click here). Custom-tailored programs and testing are available upon request. Email with inquiries.

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