Joint Venture Equity / Preferred Equity

EQUITY CONTRIBUTION:

Check Size – $20MM – $80MM

Up to 49% of equity

PROPERTY TYPES:

• Office
• Industrial
• Multifamily
• Student Housing
• Senior Housing

HOLD PERIOD:

5 – 7  years or more

SPONSOR CO-INVEST:

Minimum 15% of JV equity

TARGET INVESTOR RETURNS:

IRR – Low/Mid teens

COC – Minimum 7% Cash-on-Cash

OCCUPANCY:

Minimum 80%

SPONSOR EXPERIENCE:

Sponsors with greater than $500 million in acquisitions experience. (However, Sponsors are evaluated on a case-by-case basis.)

TIMING:

45 – 60 days

STRUCTURE:

Single consolidate entity: one K-1, one distribution, one report