Real Estate Finance: Private Equity REFI-0040

SPRING 2024
Sec. 1: Online (self-paced). Mar. 26-Apr. 30 (6 sessions). Hovsepian

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As with mortgage debt financing, private equity (PE) is usually a key component of most commercial real estate transactions. Explore the sources of PE, from groups of wealthy investors to larger, institutional entities. Learn their respective motivations, private structures, counterparties/stakeholders, funds and life cycle. Analyze the capital stack of a private structure. Topics include fund strategies; private equity investment vehicles; joint ventures; j-curve; waterfalls; governance issues; risk and return; alignment of interests; and documentation. For those looking for additional equity modeling techniques, consider taking Real Estate Financial Modeling: Equity Structures after the completion of this course.