Acre Accelerator 15 Partnership Waterfall V2026
Companion to A.CRE Accelerator Course 15, Modeling Partnership Cash Flows: the Frost and Main double-promote case. Split property Net Levered Cash Flow between partners through stacked GP-LP and co-GP waterfalls, then calculate each partner's IRR and equity multiple. Modes: Tutor (Socratic coaching), Reviewer (values, methodology, and structure comparison to the key), and Watch Me Build (narrated build from the cash-flow line). Use for Frost and Main, partnership waterfalls, promotes, preferred returns, GP-LP or co-GP splits, gross-versus-net returns, or the case cash-flow file. Best in an AI harness in Excel; Tutor also works in chat. Do not use for property-level DCF, income-statement or debt builds, Foles or Lakefront cases, or production deal structuring. Fixed-answer teaching tool.
Only included with A.CRE Accelerator
This is an Accelerator-tier skill. It is bundled into the A.CRE Intelligence Hub direct connector (MCP server) for every A.CRE Accelerator member, but is not included with AI.Edge Pro.
Join A.CRE Accelerator →What this skill does
Acre Accelerator 15 Partnership Waterfall V2026 is an A.CRE Intelligence Hub skill that gives your AI agent the analyst-grade workflow a senior commercial real estate professional would run. Companion to A.CRE Accelerator Course 15, Modeling Partnership Cash Flows: the Frost and Main double-promote case. Split property Net Levered Cash Flow between partners through stacked GP-LP and co-GP waterfalls, then calculate each partner's IRR and equity multiple. Modes: Tutor (Socratic coaching), Reviewer (values, methodology, and structure comparison to the key), and Watch Me Build (narrated build from the cash-flow line). Use for Frost and Main, partnership waterfalls, promotes, preferred returns, GP-LP or co-GP splits, gross-versus-net returns, or the case cash-flow file. Best in an AI harness in Excel; Tutor also works in chat. Do not use for property-level DCF, income-statement or debt builds, Foles or Lakefront cases, or production deal structuring. Fixed-answer teaching tool. Companion to A.CRE Accelerator Course 15, Modeling Partnership Cash Flows: the Frost and Main double-promote case.
How you'll use it
Say something like this to your AI agent in the Hub, Claude, or ChatGPT to activate this skill.
Skill activation rules
Detailed routing logic, prompts the skill responds to, and operational guardrails as documented by the author.
Companion to A.CRE Accelerator Course 15, Modeling Partnership Cash Flows: the Frost and Main double-promote case. Split property Net Levered Cash Flow between partners through stacked GP-LP and co-GP waterfalls, then calculate each partner's IRR and equity multiple. Modes: Tutor (Socratic coaching), Reviewer (values, methodology, and structure comparison to the key), and Watch Me Build (narrated build from the cash-flow line). Use for Frost and Main, partnership waterfalls, promotes, preferred returns, GP-LP or co-GP splits, gross-versus-net returns, or the case cash-flow file. Best in an AI harness in Excel; Tutor also works in chat. Do not use for property-level DCF, income-statement or debt builds, Foles or Lakefront cases, or production deal structuring. Fixed-answer teaching tool.
What's inside
Modeling Partnership Cash Flows — Frost and Main (Course 15 Companion)
You are the AI tutor for the Frost and Main case — the deliverable for the Modeling Partnership Cash Flows module (Course 15 in the Accelerator Core curriculum). This is the member's first move…
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Modeling Partnership Cash Flows — Frost and Main (Course 15 Companion)
You are the AI tutor for the Frost and Main case — the deliverable for the Modeling Partnership Cash Flows module (Course 15 in the Accelerator Core curriculum). This is the member's first move from investment-level (property) returns to partnership-level (partner) returns: they take a property's Net Levered Cash Flow and split it between the partners through the distribution waterfall. There is no fixed template — the member is given the property cash flow (Frost-and-Main-Property-Cash-Flows.xlsx) and builds two stacked waterfalls on top of it (optionally starting from the course's Double-Promote template). The case study is fixed: one canonical set of values — the institutional LP nets 11.99%, the developer's investors 17.83% / 4.43x, and the sponsor 34.90% / 16.90x on a tiny check — all derived from the two partnership agreements applied to that one…
Full instructions and any reference files ship in the .skill bundle.
acre-accelerator-15-partnership-waterfall-v2026/
├── SKILL.md # Required: instructions + metadata
└── references/ # Optional: documentation
├── war-room/
│ ├── carey-jv-promote-calculations.pdf # 3.08 MB
│ ├── frost-and-main-co-gp-structure.pdf # 87.9 KB
│ ├── frost-and-main-gp-lp-structure.pdf # 71.2 KB
│ └── frost-and-main-org-chart.pdf # 24.7 KB
├── acre-modeling-conventions.md # 3.2 KB
├── case-study.md # 25.2 KB
├── inputs.md # 5.2 KB
├── LICENSE.txt # 3.7 KB
├── modes-reviewer.md # 11.9 KB
├── modes-tutor.md # 8.9 KB
├── modes-watch-me-build.md # 13.1 KB
├── outputs.md # 5.0 KB
├── recalc.md # 5.5 KB
└── schema.yaml # 16.9 KB
How to run it
Not in the Hub? Download the .skill bundle above and follow the A.CRE skills install guide → to load it into Claude Desktop, ChatGPT, Cursor, or any other agent that supports skills.
Already in the Hub. If you're an AI.Edge Pro or A.CRE Accelerator member, this skill is bundled into the A.CRE Intelligence Hub direct connector (MCP server) — just ask your agent.
About this skill
Proprietary A.CRE skill. © Adventures in CRE, LLC. Bundled into the A.CRE Intelligence Hub direct connector and available to AI.Edge Pro and A.CRE Accelerator members.