Backshop CRE 101
When a borrower defaults and the bank repossesses the property, it becomes part of this category.
What is REO (Real Estate Owned)?
This teammate may have more woodworking tools than you have pens.
Who is Tracy?
This tool is where tickets go to live… and never die, even when everyone forgets about them.
What is Jira?
This AI suggests code faster than you can Google it… sometimes even before you know what you need.
What is GitHub Copilot?
ACORE Capital expanded its footprint with its newest office in this city.
Where is Miami?
This process of evaluating the borrower and property to decide if a loan should be approved.
What is underwriting?
Warning: start a conversation about plants with this teammate, and you may not emerge for hours.
Who is Sidney?
A magical document where dreams, priorities, and vague promises live together in perfect harmony.
What is a product roadmap?
In Git, this command is your panic button when you need to undo everything and start over… but use with caution.
What is git reset --hard?
Four alumni of this major commercial real estate firm joined forces to establish ACORE.
What is Starwood?
This Latin term means two or more lenders share equal priority in repayment and collateral.
What is pari passu?
This teammate had a cameo in a Clint Eastwood movie: In the Line of Fire.
Who is Jason?
This analysis identifies tasks that could delay project completion if delayed themselves.
What is critical path analysis?
This SQL clause filters rows after aggregation has occurred.
What is HAVING?
By late 2025, ACORE Capital managed roughly this amount in assets under management.
What is about $18 billion?
This ratio compares a property’s net operating income to its annual debt service.
What is Debt Service Coverage Ratio (DSCR)?
This teammate has only 5 icons on their desktop.
Who is Riya?
This document summarizes a project, product, or proposal on a single page for quick review by stakeholders.
What is a one-pager?
A query works fine on your small local database but crashes in production. The culprit is probably this missing feature.
What is an index?
This global insurance group’s subsidiary agreed to acquire a majority stake in ACORE.
Who is Tokio Marine’s Delphi Financial Group?
Office, retail, and mixed-use properties fall under this broad classification.
What is commercial real estate?
This teammate's dream occupation is a comedian.
Who is Ron?
This role convinces everyone your idea is brilliant… then spends months figuring out how to build it.
What is a Product Manager?
This C# keyword prevents a method from being overridden in a subclass. Many developers pretend they understand it.
What is sealed?
The year ACORE Capital was founded.
What is 2015?
This loan metric represents the percentage of a property’s value that is financed.
What is LTV (loan to value)?
This teammate's biggest fear is forgetting to get off the escalator and getting sucked in at the end.
Who is Scott?
This person gets blamed when the schedule slips, even if the printer broke.
What is a Project Manager?
You spend 2 hours trying to fix a null reference exception in C#, only to realize you forgot to initialize this.
What is the object?
ACORE’s name stands for this phrase reflecting it's business focus.
What is Alpha Commercial Real Estate?
There have been more versions and variations of this report than any other Backshop report.
What is the pipeline report?
The teammate most likely to invite you to their home and cook homemade meals and desserts for you.
Who is Jalpan?
No matter how many issues you complete, this list always seems to grow instead of shrink.
What is the backlog?
Developers submit these to merge their code and then nervously wait for someone to yell, “Conflicts!”
What are pull requests?
Many legendary companies, including Apple and Amazon, famously got their start in humble places. Where did ACORE get its start?
A garage.
This teammate's biggest celebrity sighting was Dirk Nowitski at an ACORE office.
Who is Ella?
These are short descriptions of features written from the perspective of the person who actually uses the product.
What are user stories?
This technique involves explaining your code to an inanimate object to magically find your mistakes.
What is rubber duck debugging?
I have crazy glued myself, and other people, back together a few times.
Who is Sami?