CAPITAL STRUCTURE: JV EQUITY

Long dated joint venture equity for development and value-add for various asset classes
CAPITAL STRUCTURE: JV EQUITY
Private equity firm providing joint venture equity for development and value-add investments in the majority of coastal states.
 Check Size: $5-12MM per transaction
LTV: 40-60% Term: 3 to 25+ years
Target: Minimum 8% current cash yield and 18% IRR (5-year hold)
Debt Structure: Prefer non-recourse wit standard carve-outs
Use: Development and Value-add
Property Types: Hospitality, retail, multi-family, office, industrial
Geography: WA, OR, CA, AZ, TX, MS, AL, GA, TV, FL, SC, NC, VA, MA, DE, PA, NJ, NY
JV Equity for development, value-add and blend extend net lease properties nationwide
CAPITAL STRUCTURE: JV EQUITY
Private equity firm providing joint venture equity to net lease real estate developers.
Deal Size: $1-$50MM 
Check Size: $500,000-6MM 
Target: 50%+ pre-leased properties
Use: Development, blend-extend, and major value add.
Property Types: Healthcare, medical office, retail single tenant.
Geography: Nationwide
JV equity for office, industrial, retail, multifamily and data centers properties located in top MSAs
CAPITAL STRUCTURE: JV EQUITY
Fund manager providing equity focusing on value-add investment opportunities
Check Size: $10-30MM
Leverage: LTV 50-60%
Target Leverage: Unleveraged IRR: 7% to 10%. Leveraged IRR: 10% to 15%
Use: Ground-up to Rehab/Renovate to Lease Roll-over/Roll-up
Term: Deal based Asset Sector: Office, industrial, retail, multifamily, and data centers (Prioritization: Industrial and multifamily)
Geography: Top 20 MSAs with an emphasis for non-gateway markets
JV equity, preferred equity and mezzanine for development, conversion and existing assets
CAPITAL STRUCTURE: JV EQUITY / PREFERRED EQUITY / MEZZANINE DEBT
Investment management firm providing structured capital targeting consumer-oriented needs-based assets classes
Target Equity: $5-50MM
Leverage: Deal Based
Target: Opportunistic IRR +15% over 3-year to 5-year hold period
Use: Development, conversion and existing assets
Other target investment types: Direct Acquisitions, recapitalization and non-performing or sub-perfroming loans
Asset Sector: MF, SF, Student Housing, Self-Storage, Flex Storage, Light Industrial, Parking
Geography: National footprint with a focus on the Southeast, Texas and Florida.
JV Equity for value-add transactions in a variety of classes including multi-family, industrial, retail and office.
CAPITAL STRUCTURE: JV EQUITY
Fund manager seeking value-add opportunities as well as undervalued deals or opportunistic investments.
Deal Size: $5-$75MM
Check Size: $2MM-$25MM
Sponsor Equity: 10-50%
Hold Period: 2 to 10 years
Targeted returns: 16%+ IRR, 8.5% avg, cash on cash
Debt Target: 65%
Property Types: Multifamily, Industrial, Retail, Office
Use: value-add opportunities, undervalued deals or opportunistic investments
Geography: FL, AL, GA, SC, NC, TN, KY, IL, IN, OH, MI, PA, WI, MN, IA, MO, KS, CO, AZ, NM, TX.
JV equity, preferred equity and mezzanine debt for value-add transactions in all asset sectors
CAPITAL STRUCTURE: JV EQUITY/PREFERRED EQUITY / MEZZANINE DEBT
Investment management firm providing structured capital focused on primary and select secondary transitional real estate across the US
Total Capitalization: $15-$60MM
Target Equity: $5MM-25MM
Leverage: Up to 65%; 70% on Multifamily
Hold Period: 2 to 5 years
Typical Structures: Pari Passu or structured
Levered IRR: >16%
Use: Shovel ready and ground-up development projects
Asset Sector: All asset sectors
Geography: Primary and select secondary U.S.
Experienced fund manager structuring JV equity partnerships in the LP position and providing GP equity across all property types and all geographic regions
CAPITAL STRUCTURE: JV or GP Equity
JV Equity and GP Equity for commercial real estate in need of redevelopment or repositioning, and non-performing loans backed by commercial real estate.
Check Size: $3MM-15MM
LTV/LTC: 75% LTV maximum at investment level
Origination Fee: 1-2%
Recourse: Recourse & non-recourse options
Target returns: 15-20%+ / 1.5 to 2.0x
Property Types: Suburban office, retail, hotels, multifamily
Use: Diversified (all asset types)
Geography: All regions
Pari passu capital for acquisitions and developments
CAPITAL STRUCTURE: JV EQUITY
Fund manager providing flexible capital solutions for developers and operators nationwide
Check Size: $5MM-$25MM+
Term: Up to 5 years
Pricing: 16-20%
Property Types: All Asset classes excluding assisted living
Risk: Value add to opportunistic (including: repositioning, lease-up, entitlement and development)
Use: Pari passu capital for acquisitions and developments
Geography: Texas and Western US


Joint Venture Equity (majority or minority stake)
CAPITAL STRUCTURE: JV Equity
QOZ Fund Manager Seeking to Immediately Deploy Joint Venture Equity
Check Size: $10-20MM+
Property Type: Multifamily (with light street level retail), Industrial, Manufactured Housing
Geography: High-growth markets
Target Returns: Net returns of high single digits to low teens.
Timeline: Can start cutting checks by July 2021; All monies must be deployed by July 2022
Use: Shovel-ready construction (construction loan ready to fund); Purchase at completion before C/O

JV Equity for value-add transactions
CAPITAL STRUCTURE: JV Equity 
Fund manager seeking local operating partners to execute value add operating business plans.
Check Size: $2MM-$25MM
Sponsor Co-Invest: 10%-50%
Target returns: 15-20% Property Level IRR; 8.5% avg. cash on cash
Hold Period: 2-10 years
Property Types: Multifamily, Industrial, Retail, Office
Use: Acquisition, Recapitalization
Geography: Nationwide
Joint Venture Equity for heads in beds strategies in the continental US
CAPITAL STRUCTURE: JV Equity
Fully integrated, internally managed investment and asset management platform seeking to deploy capital into heads in beds strategies.
Check size: $15 million - $75 million
Co-Invest: 90%/10%
Target returns: 8% annual cash yield with targeted growth returns in upper mid-teens.
Hold period: 1-7 years
Property type: Multifamily, Student & Senior Housing
Use: Acquisition, Recapitalization, Development
Geography: US
Joint Venture Equity for middle market value add transactions
CAPITAL STRUCTURE: JV Equity
Closed-end fund offering a longer-term hold period is seeking to deploy discretionary funds into pari-passu promotable LP positions
Check size: $1 million - $10 million
Co-Invest: 95%/5% to 50%/50%
Target returns: 5% to 8% annual cash yield with targeted growth returns in upper mid-teens.
Hold Period: 5 - 10 years
Property type: Multifamily, retail, office and industrial
Use: Acquisition and/or recapitalization
Geography: Midwest, Southeast and Southwest
Lower middle market Joint Venture Equity program
CAPITAL STRUCTURE: JV EQUITY
A private equity firm is seeking to co-invest with local operating partners targeting value add opportunities.
Check size: $2-20MM
Co-Invest: 90%/10% to 50%/50% Return
Target: 9% current return in years 2-4. Overall 16% gross IRR
Term: 3-7 years Property type: Multifamily (Class C+ to A-), Industrial, Office, Retail.
Uses: Acquisitions and/or development
Geography: Nationwide