CRE Private Equity Ventures
Trying to learn more about CRE private equity..specifically how ventures are set up. Between typical number of steps in a waterfall, jargon, capital partners and structure, anything and everything. Was wondering if anyone had a solid resource suggestion specific to CRE. Any help is much appreciated 
[{"id": "cy2n76k", "text": "Are you looking to be an investor or are you looking for investment?\n\nHere is a basic waterfall you can reference - https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=2&amp;ved=0ahUKEwiE9JKM5ePJAhWFZCYKHU0KABQQFggjMAE&amp;url=http%3A%2F%2Fwww.exinfm.com%2Fexcel%2520files%2FCash%2520Flow%2520Waterfall.xls&amp;usg=AFQjCNFgIgsiQXDY0rfieEfIaEOBd2RFxQ&amp;sig2=SYEmuJNIpdUeKnoVBQ-l1Q&amp;bvm=bv.110151844,d.eWE\n\nThe only commonality between private equity deals is that they are all different.  Range in 8% to 12% returns.  Its all over the board.  ", "replies": [], "depth": 1}, {"id": "cy2p8zv", "text": "There is no typical, really (aside from some basic elements). Deals are set up to the satisfaction of participating parties. What are you trying to figure out exactly?", "replies": [{"id": "cy2z4ue", "text": "Thank you for your response. I'm trying to learn about the capital stack specifically with useful terms and definitions ", "replies": [{"id": "cy8vlvu", "text": "http://www.klehr.com/C7756B/assets/files/lawarticles/December%204%202008%20Real%20Estate%20Joint%20Venture%20Agreements.pdf", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "cy2q8vs", "text": "- REFM.com for underwriting and bootcamps for valuations\n- ULI has case studies\n- Breaking into Wall Street has some great videos / case studies with downloadable models - https://www.youtube.com/channel/UC4LeewYWZ3ruS3Bc64ldXuw\n\nI'm pushing to learn more about the same and couldn't find much. There is a lot of useless stuff out there, but these should help you get started. ", "replies": [{"id": "cy2zf5s", "text": "Will do thanks man ", "replies": [], "depth": 2}], "depth": 1}, {"id": "cy2qdia", "text": "If you come across anything else you'd recommend let me know. ", "replies": [], "depth": 1}, {"id": "cy2zvfk", "text": "CRE is so nuanced and niche that there really are very few \"norms\" mostly needs to be learned via experience/apprenticeship. I would however recommend these books if you don't have access to the aforementioned: \n\nhttp://www.amazon.com/Commercial-Estate-Analysis-Investments-CDROM/dp/1133108822/ref=sr_1_3?ie=UTF8&amp;qid=1375917474&amp;sr=8-3&amp;keywords=Commercial+Real+Estate+Analysis+and+Investments\n\nhttp://www.amazon.com/Professional-Real-Estate-Development-Business/dp/0874201632/ref=sr_1_1?ie=UTF8&amp;qid=1375917559&amp;sr=8-1&amp;keywords=Professional+Real+Estate+Development+peiser\n", "replies": [], "depth": 1}, {"id": "cy3g5rb", "text": "This has been posted on this sub before, but you should read this:\n\nhttp://www.pircher.com/media/publication/50_SACArticle.pdf\n", "replies": [{"id": "cy6csn6", "text": "This is great. Thanks man", "replies": [], "depth": 2}], "depth": 1}]