How to Evaluate a Private Real Estate Fund Before Investing
There’s no ticker for a private real estate fund — just documents, a track record, and a structure. A five-part due diligence framework accredited investors can apply to any fund under consideration, before capital becomes illiquid for years.
Understanding Preferred Returns, IRR and Equity Multiple
Preferred return, IRR, and equity multiple appear in nearly every private real estate offering — but they measure three different things. A structural, plain-language guide to how these terms work, illustrated with clearly hypothetical examples