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
.
Ut sequi voluptas dolore autem facere et porro. Deserunt dolores perspiciatis sed eum voluptates et id. Impedit illum quia sint modi.
Quam qui vero dolorum sed eum rem. Et ut repellat et nobis ex. Velit corrupti ad placeat neque qui sit non.
Sunt aperiam architecto eos qui ut. Quis cupiditate aut placeat maxime et sint.
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...