Fund management means operating a pooled real estate investment fund that deploys capital across multiple deals rather than a single property, raising committed capital from investors and investing it according to a defined strategy (value-add multifamily, opportunistic development, debt, or a...
Log in to followWorking through a first-time debt fund from a shop that's been doing equity deals for years. Loans are bridge, first position, quoted at SOFR plus 450 to 500 with floors, so call…
Talking to a manager about a value-add fund and the paperwork keeps saying commitment rather than investment. The minimum commitment is $250,000. My understanding is I sign the su…
Diligencing a first-time value-add multifamily fund. Terms are 2% on committed capital during a three-year investment period, stepping to 1.5% on invested capital after, 8% pref,…
I've been doing single-asset syndications, four investors to twelve investors, new PPM every time, and the legal bill each round is starting to feel stupid. Someone at a meetup to…
Reading an LPA for an opportunistic fund and two clauses sit next to each other in a way I don't love. The reinvestment section lets the GP recycle disposition proceeds and return…