If the highest level of Sponsor Promote paid in the profit sharing is greater than 15%, and the hurdles are based on the Investor’s IRR, which could be the Investor’s IRR?
Feb 16

About The Author

Hi, I'm Bruce Kirsch, co-author of the leading CRE finance textbook, Real Estate Finance and Investments: Risks and Opportunities, and the associated REFAI® Certification program. Over the last 20 years, I have had a diverse and interesting collection of adventures in CRE. I am the founder of Real Estate Financial Modeling and the creator of the Model for Success blog. I hold an MBA in Real Estate from The Wharton School, and I graduated with a BA in Communication from Stanford University.
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