There's sometimes misunderstanding as it relates to cash flow waterfall modeling with mixing up of the terms catch-up, clawback and look-back. To be clear, each is completely its own concept. In this... read more →
One of the challenges to both commercial real estate deal sponsors and investors with closing equity joint venture partnerships for individual property transactions is getting accurate information as to how... read more →
The full Cushman & Wakefield report is available here, and past reports going back to 2007 are available here. To subscribe to this monthly report, email Chris Moyer at Cushman &... read more →
The full Cushman & Wakefield report is available here, and past reports going back to 2007 are available here. To subscribe to this monthly report, email Chris Moyer at Cushman &... read more →
When you have a two-player equity joint venture partnership in a commercial real estate deal and there is a promote structure in place, you will likely end up with three... read more →
Real estate entrepreneurs with limited or no personal investment capital are often interested in doing deals using "sweat equity". We discuss this equity partnership tactic below. What is sweat equity? First off, let's define... read more →
Commercial real estate joint ventures are a marriage of necessity: one party has an opportunity under control but needs capital, and another has capital and needs somewhere to place it that fits... read more →
The look-back IRR waterfall can be tough to grasp conceptually if it's not explained intuitively (buy this Self Study tutorial if you have not mastered the concepts already). One of the... read more →
If you're working with equity joint venture partnership structures, you may come across the term pari passu in the operating agreement between the partners. Pari-passu (sometimes you'll see it hyphenated)... read more →
If you've ever asked the question "Where can I find current pricing quotes on equity and debt placements?", we have the answer for you: the Cushman & Wakefield Capital Markets... read more →
