Real Estate Pro Forma Software

Model Every Deal
Decide With Confidence

Model deal assumptions, run sensitivity analysis, and forecast cashflow on one platform built on Acumatica, then carry the same numbers straight into execution. What used to take days to assemble for a draw request now takes about an hour.

Used by Developers, Controllers & CFOs at 1000s of firms


New Book

Stop managing projects through the rearview mirror.

Looking Through the Windshield — the ultimate guide to real estate development accounting software. By Greg Daniele, CPA.

Acumatica gold certified partner

Trusted by Development Teams

“We have visibility across our entire portfolio now. Draw requests that used to take days are down to almost an hour.” 

CFO,
Real Estate Development Firm

“We used to hunt for answers. Now they’re just there. Real-time lot tracking and cost control mean we see issues coming before they become problems.” 

VP of Finance,
Land Development Company 

“We consolidated three systems into one and cut our month-end close time in half. Everything’s in one place: property management, CAM recovery and tenant improvements. It’s been a game changer for our operations.” 

Controller,
Property Management Company

1000+

real estate firms

100%

Acumatica-native

8-12wks

typical implementation

Unlimited

users — no per-seat fees

Powerful Modeling for Every Deal

Everything you need to underwrite, model, and track every deal accurately.

Pro Forma Structure & Scenario Modeling

Build a real estate development pro forma once, then adjust it as the deal changes, instead of rebuilding the spreadsheet every time a lender asks “what if.”

Model acquisition cost, hard and soft costs, financing structure, and disposition assumptions in one structured template built around how development deals actually get underwritten.

Compare scenarios side by side to find the highest and best use for a site before you commit capital. When a broker sends a revised rent roll or a lender changes a loan term, update one assumption and every downstream number, from cashflow to equity multiple, recalculates automatically. No formulas to rebuild, no version to lose track of.

Cashflow Forecasting

Forecast project-level cashflow across the full development timeline, from acquisition through stabilization, and see exactly when the deal needs capital and when it returns it. 

Sensitivity Analysis, IRR & Equity Multiple Outputs

Stress-test a deal before you’re locked into it, not after. Adjust exit cap rate, construction cost, absorption timing, or interest rate and see the effect on IRR and equity multiple update instantly, without rebuilding the model.

Dual-variable sensitivity tables show which two assumptions actually move your returns, so you know which risks are worth negotiating around and which ones barely matter.

This is where most Excel-based pro formas break down: change one input three tabs deep, and there’s no way to know what else silently shifted. The platform recalculates the full model from any changed assumption, every time, so the IRR and equity multiple on your screen always reflect the deal you’re actually looking at, not a stale version from two revisions ago. Present a defensible number to your investment committee, not a guess.

Everything Else You Need to Model
With Confidence

Feature

What It Is

The technical capability

What It Means to You

The real-world impact

Scenario & Deal Comparison

Model multiple deal scenarios side by side with shared assumptions across each version.

Know which scenario actually pencils before you spend another hour on the one that doesn’t.

Waterfall & Distribution Modeling

Model any equity waterfall, from a simple split to multi-tier promote structures.

Show every capital partner exactly what they receive at each return threshold, without a separate spreadsheet.

Stakeholder Reports & Pro Forma Memos

Generate investor-ready pro forma memos and deal reports directly from your model.

Bring a polished, consistent package to your investment committee instead of a screenshot of a spreadsheet.

Assumption & Version Library

Store every version of a deal’s pro forma in a searchable, linked history.

Find exactly which assumption changed between the version you pitched and the one you’re now questioning.

Actuals-to-Budget Reforecasting

Once a deal closes, roll the approved pro forma directly into your live project budget and reforecast against actuals in real time.

Stop re-entering the deal in a second system. The numbers you underwrote with become the numbers you manage the project against, automatically.

Land & Acquisition Underwriting

Track acquisition opportunities and pre-development costs from initial prospect through entitlements, before a deal is even funded.

Underwrite with real pre-development cost data instead of a rough estimate, so your pro forma holds up once the deal closes.

Get Started in Three Steps

Load your deal assumptions

Bring existing pro formas or start from a structured template built around acquisition, financing, and disposition assumptions.

Model and stress-test scenarios

Compare deal versions, run sensitivity analysis on the assumptions that actually move returns, and settle on the numbers you'll take to your investment committee.

Roll the deal into execution

Once a deal closes, carry the approved pro forma directly into your live project budget instead of starting over in a second system.

Ready to Model Every Deal With Confidence?

Stop rebuilding pro formas from scratch. Model every deal, stress-test every assumption, and move from underwriting to execution in one platform.

Frequently Asked Questions

Everything you need to know about our real estate development software

What is real estate pro forma software, and why do developers need it?

Real estate pro forma software is a structured platform for modeling a development deal’s financial feasibility: acquisition cost, financing structure, cashflow, and projected returns, before capital is committed. Developers evaluating multiple sites or deal structures at once need more than a spreadsheet that breaks the moment two people edit it. Purpose-built pro forma software keeps every assumption, scenario, and version connected in one auditable model instead of scattered across files.

What is the difference between real estate pro forma software and construction management software?

Real estate pro forma software covers deal underwriting: acquisition assumptions, financing structure, cashflow forecasting, and return modeling before a project is funded. Construction management software covers execution after the deal closes: scheduling, subcontractor coordination, and field operations. Our platform connects both, so the pro forma you underwrote a deal with becomes the live project budget once it’s funded, instead of two disconnected systems.

How does real estate pro forma software help with sensitivity analysis?

The platform lets you adjust exit cap rate, construction cost, absorption timing, or interest rate and see the effect on IRR and equity multiple instantly, without rebuilding the model. Dual-variable sensitivity tables show which two assumptions actually move your returns, so you can tell which risks are worth negotiating around and which barely matter to the deal.

Can the software handle multiple deal scenarios?

Yes. Model unlimited scenarios per deal with shared assumptions across each version, and compare them side by side to see which one actually pencils. Every scenario is stored with a complete version history, so you can see exactly what changed between the version you pitched and the one you’re now reconsidering.

How does real estate forecasting software help with cash flow projections?

Our real estate forecasting software models project-level cashflow across the full development timeline, from acquisition through stabilization, based on your current assumptions and financing structure. The system shows exactly when a deal needs capital and when it returns it, and recalculates automatically as assumptions change, so your cashflow projection reflects the deal you’re actually looking at rather than a version built weeks earlier.

How does the software support waterfall and capital partner distribution modeling?

Model any equity waterfall structure, from a simple pari-passu split to multi-tier promote structures with catch-up provisions, directly inside the deal model. Generate a clear breakdown of what each capital partner receives at every return threshold, so a distribution question doesn’t require a separate spreadsheet built outside the platform.

How does the platform connect pro forma underwriting with construction execution?

Once a deal closes, the approved pro forma rolls directly into a live project budget instead of being re-entered in a separate execution system. The assumptions you underwrote with, cost categories, financing structure, and projected cashflow, become the baseline your project accountants track actuals against, so there’s one continuous record from underwriting through completion rather than a handoff between two disconnected tools.

How does Elevate compare to spreadsheet-based pro forma models or standalone financial modeling tools?

Spreadsheet-based models and standalone financial modeling tools work for a single deal, but they break down across a growing pipeline: version control gets difficult, assumptions drift between copies, and there’s no connection to what happens after a deal closes. Elevate replaces that patchwork with one platform covering deal underwriting through project execution, so the model doesn’t stop being useful the moment a deal is funded.

See Acumatica in action

Book a discovery call in under 60 seconds. We’ll show you what it looks like to run your development and portfolio operations through the windshield, not the rearview mirror.