Preferred equity is an investment that sits between the senior mortgage and common equity in a real estate deal's capital stack.
Log in to followI've been building a list of pref opportunities rather than buying anything yet, and I finally have two live term sheets on comparable assets that I can put side by side. Both are…
Working through a pref position on a 140 unit 1980s value-add and I keep landing back on the same problem, which is that the position doesn't cover itself out of operations for th…
Sponsor I've co-invested with twice is recapitalizing a 190 unit garden complex and asked if I'd take the pref piece. My money is usually in land and long holds, so this is new te…