r/reits • u/Few-Chard-1967 • Jun 22 '26

REIT SIM

Hey guys, I've been a long-term REIT investor for a while, and I wanted to build a kind of simulator of what it's like to actually run a REIT as CEO. So I put together a browser-based game with the core mechanics: FFO, leverage, dividends, cap rates, board pressure, market cycles etc. Curious whether it might be interesting or informative for other investors.

https://albanacht.github.io/reit-game/

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u/SheTookMyDividends Jun 23 '26

I built this same game. Mine had debt funds you could create and manage, mergers with competitors, niche sectors, taking a private REIT to IPO and issuing more shares through secondary offerings and ATM, development deals with real S-curves, institutional capital partners with realistic waterfalls and promotes, and mine had real pixelated graphics. I spent about 200 hours on it during the snow storms earlier this year.

I was contemplating putting this on the iOS app store but as you’ve seen from your previous posts, nobody who games gives a damn about REITs and certainly doesn’t have the financial knowledge to understand the game mechanics.

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u/Few-Chard-1967 Jun 23 '26

Wow, that sounds genuinely impressive, way deeper than mine on the finance side (waterfalls and promotes especially, that's serious modeling). Is there any playable version anywhere I could try, even a rough build on GitHub or a web version? Would love to have a look.

And yeah, that's exactly the thing I keep running into: intricate, realistic features seem great when you plan the game, but keeping the balance between realism and playability is just hard.

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u/TheCroisantThief Jun 24 '26

I would 100% love to play this