Joint Venture Equity
Value-add & Core Plus
$5MM - $15MM
EQUITY CONTRIBUTION: | Up to 85% of cost |
PROPERTY TYPES: |
|
HOLD PERIOD: | 3 – 5 years with optional extensions |
SPONSOR CO-INVEST: | Minimum 15% of JV equity |
TARGET INVESTOR RETURNS: | IRR – Mid teens COC – Minimum 7% Cash-on-Cash |
OCCUPANCY: | Minimum 80% |
SPONSOR EXPERIENCE: | Sponsors with greater than $100 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 |
- Subtitle –
Joint Venture Equity / Preferred Equity
$20MM – $80MM
Value-add & Core Plus & Core
EQUITY CONTRIBUTION: | Check Size – $20MM – $80MM Up to 49% of equity |
PROPERTY TYPES: |
|
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 |