Curious if anyone is seeing this happen. I suppose it could be structured as an incentive management type of arrangement given the fact that it's hard to justify a promote on a core low IRR deal. Even if the operator sources the deal off market, would an LP be willing to do this?
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See the article on the Kushners on Bloomberg yesterday, pretty interesting. It seems they are junior partners (sometimes less than 2%) on most of their deals.
I know it's not all Core but it looks like quite a bit is.
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