Pro Forma Modeling with Excel Part I: The Investment Pro Forma

« Back to Events
April 3 @ 1:30 pm
April 12 @ 3:30 pm
David Mulvihill, Vice President, Professional Development


Non-netforum Registration URL
Display registration button above event description?
Display attendees list link?

April 3, 5, 10, and 12, 2017
1:30 to 3:30 p.m. ET

This introductory course is a four-part workshop that guides students through the construction and manipulation of a basic multifamily investment pro forma.

The program is geared toward individuals who have never completed a pro forma from scratch. Starting from a blank spreadsheet, students will receive step-by-step direction in the creation of this investment pro forma. At the conclusion of the last session, participants will have completed their own investment pro forma and will have gained a new appreciation for how valuation and investment decisions are made.

Each session of the workshop is designed to build on the previous one, and each participant will have a completed pro-forma model at the conclusion. Participants are expected to use learned skills to independently build individual sections of the model. However, the completed stages will be distributed at the end of each session.

Can’t make a session live? No problem. Registrants will have access to the archive recording of each session for 60 days!

Students Will Learn

  • How to identify the relevant project data required to begin crafting a pro forma
  • Basic to intermediate Excel skills needed to model an industry-accepted pro forma
  • Basic components of an investment pro forma:
    • Inputs
    • Amortization
    • Pro-forma income cash flows
    • Valuation
  • How to construct an amortization table to accommodate different loan types:
    • Constant
    • Payment Mortgage (CPM)
    • Interest only (IO)
    • Custom amortization
  • How to properly format a pro forma for an investment template

InstructorRoger Staiger

Roger Staiger
Managing Director
Stage Capital, LLC

Roger Staiger is managing director for Stage Capital LLC, an international real estate advisory firm providing expertise to clients in areas of global portfolio management and asset repositioning. Staiger, through Stage Capital, has successfully repositioned over $500 million in distressed and inefficient real estate projects globally.

During his 20-year career, Staiger has worked in a number of industries at senior levels. He was managing director for Constellation Energy’s retail commodity division, CFO for Caruso Homes, and a portfolio manager for a large commingled pension fund in New York.

Staiger holds multiple degrees, including a BS in electrical engineering, an MBA in investments, an MA in international transactions, and an MS in finance. Currently, he holds faculty positions in the real estate departments at Georgetown University and Johns Hopkins University.

Staiger makes numerous capital market and economic presentations to organizations internationally. He also appears regularly on television and is often quoted in national periodicals and local newspapers.


ULI Members: $375
Nonmembers: $495
Govt./nonprofit ULI member: $350
Govt./nonprofit nonmember: $465

Earn an online ULI Certificate in Pro forma Modeling

Now you can earn a ULI specialty certificate while taking online pro forma courses. This course is the first of three required to earn the ULI Certificate in Commercial Real Estate Pro forma Fundamentals.

ULI’s online pro-forma certificate program is designed to provide real estate
development professionals with the set of technical skills necessary to make
better-informed development, investment, and valuation decisions. All from the comfort of your desktop.

An online workshop exam following the conclusion of each program will ensure your content comprehension.

Email for more information.