Quick Take: Mezzanine debt is a hybrid form of financing that sits between senior debt and equity in a real estate capital stack. It bridges …
Quick Take: Preferred equity and common equity are two ways investors participate in real estate deals, but they come with very different risk and …
Quick Take: Senior debt is the lowest-risk layer in a real estate investment’s capital stack. It is the first to be repaid and is …
Quick Take: A preferred equity real estate investment occupies the middle tier of the capital stack, sitting below debt but above common equity. For accredited …
Quick Take: The capital stack in real estate is the structure that defines how a property is financed, including debt and equity layers. Each …
Thanks to rising interest rates, increasing construction costs and climbing property prices, returns in commercial real estate investments have been harder to generate. To …
Investors who regularly invest in private equity real estate funds understand the problem of managing liquidity. Private real estate investors typically commit a fixed …
Quick Take: Waterfalls, clawbacks and catch-ups are terms used in private investing that define how distributions flow from the investment to the partners, what happens …
When an investor joins one of our real estate funds for the first time, they are usually surprised when we ask them to keep …
The goal of any private investor is to find opportunities that generate the highest returns possible with the least amount of risk. One key …
