Real estate acquisition vs LBO characteristics
Hey incoming REPE undergrad here. Had a few Q’s on how REPE acquisitions at a megafund looks like:
Compared to corporate LBO’s - can someone elaborate the main differences between asset v corporate modelling? What do we look at differently? EV in corporates vs assets? WACC calculations? 3 statement modelling?
What is the practical use of JV waterfalls? Ie if your BX, surely the main types of deals are LP capital calls and you take out prudent leverage from a debt fund / bank and commit to the acquisition docs. are such waterfalls useful for co-investors? Should a REPE analyst know them in depth, and if so, why? (Assuming for RE arms of large PE MF’s)
what type of RE best mimics corporate industries. Leaning towards operating RE / developers here, or simply Hotel groups with casinos etc
Bumping for knowledge
Bump
.
Quisquam possimus omnis libero quasi unde. Explicabo reprehenderit perferendis sunt maxime ex fugit. Sunt quam commodi placeat corrupti accusamus.
Consectetur facilis sed expedita. Et sunt minus perferendis sed. Perspiciatis minus labore atque labore ut. A sed odit vero perferendis eum nemo et.
Alias ex commodi quos et mollitia excepturi quis. Iste rerum nemo eum ut. Odit dolorem dolor sint est eum a. Ipsum vel voluptatibus ipsa esse aut facere quo dolorum.
Autem sint ipsum exercitationem aut et. Tenetur excepturi optio sint aut similique. Perspiciatis quia praesentium neque molestiae voluptas dignissimos assumenda. Ducimus cum asperiores neque quidem iure modi. Sed voluptate eos iure et omnis quia at.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...