5 articles in this category
The Challenge of Multi-Tranche Promote Triggers in JV SpreadsheetsJoint venture (JV) structures in commercial real estate often include promote waterf...
Phased master plans—large-scale developments that roll out in sequential stages—present a distinct challenge for joint venture waterfall modeling. Unl...
Joint venture (JV) waterfall models have long relied on fixed thresholds—once an IRR hurdle is met, the promote flips. But real estate development is ...
The Problem: Deterministic Waterfalls Fail Under Entitlement UncertaintyJoint venture waterfall models for phased entitlement deals are notoriously br...
The Challenge of Aligning Developer Promotes with Bondholder ProtectionsJoint ventures for land-secured infrastructure projects often involve a develo...