Hope you enjoy and find it useful! Download the Real Estate Development Tracker Tool Everything is open in the model for you to analyze. I would encourage you to open the hidden columns between columns H and N to see the formulas and then look at the conditional formatting of any cell in the tracker field for a better understanding. This tracker functions with a combination of using variations of two formulas – If and Index/Match, conditional formatting, and macros. The only thing you may want to do is select pages to print in the print options if you are not using the entire tracker. Please watch it to get a full understanding.Īlso, you will find a second sheet entitled ‘Print’ that has been preformatted for the user to simply print the results so that the sheet is clean and legible for the end user. There are also a few fail safes built in to the model that are explained in the video as well. A more detailed explanation of how to use this tracker and interpret the tracker field is in the video. Upon filling in the last input in cell H11 you will see the start and finish dates show up to the right and the corresponding cells turn color in the tracker field (columns O to BV). Start by simply entering the first task into cell C11 and follow the headers in row 8. It gives you the ability to link tasks together clearly identify independent tasks, dependent tasks, and milestones insert or delete rows as needed and evaluate a timeline of up to 60 months. This model is built to handle all the basic functionality you may need when trying to understand the path towards a successful development project. You can download the model and follow along with the short video at the bottom of this post. It is a great tool to use both internally and to present to potential investors. This tracker is a simple, easy to use excel model that allows anyone to create a clear and streamlined visual graphic to help map out and evaluate the development process for a project. It is with that in mind that I have created this real estate development tracker, or what I jokingly refer to as the poor man’s MS Project. The more a development team takes the time to understand and map out the processes, the better chance there is of the project being successful. One of the many challenges of both analyzing real estate development deals and managing development projects is understanding and tracking the numerous differing but intertwining work streams.
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