Does This Qualify As REPE: Open-Ended, Develop-to-Core Fund?
The profile of the fund is as follows:
*Open-ended fund *Core-Plus (60% Leverage) Acquisitions and Develop-to-Core Developments *Objective is to acquire/develop and hold properties basically forever *Dozens of different equity partners and institutional investors *Target markets are middle-income countries with underdeveloped industrial real estate
The fund series calls itself "Private Equity Real Estate" on the application and I do believe that it fits the profile despite being open-ended and not having an opportunistic return profile. What thinks WSO?
Im just a student but I think working in developing/middle income countries would be cool as hell. Thatd be my dream
god who cares what you call it
Well if it doesn't qualify as REPE and OP doesn't find out until after they accept the job offer, they will have to commit seppuku in order to restore preftige to their family name.
Finds out I don't work in REPE
Why god, why me?
Personally I consider REPE as closed end funds with value add (rehab / heavy roll / lease up component) or opportunistic (development and distressed debt). Who gives a shit though it sounds like a good opportunity.
I'm just curious as to where the idea came from that REPE is supposed to be closed-end and value-add. I'm not really wondering for the sake of measuring my own prestige. It's a dope job and pays muchos pesos so I'm thrilled about it regardless. For what it's worth their SEC filing explicitly lists the fund as a Private Equity Fund.
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