Based on the most helpful WSO content, here's what you need to know:
TPG Real Estate Finance has been facing liquidity issues, which were highlighted in their earnings call. They mentioned that liquidity constraints raise substantial doubt about their ability to continue as a going concern. This situation has not been reported for other major mREITs like Blackstone, Apollo, or KKR, which seem to be in a more stable position.
For case studies and modeling, you might find the following resources useful:
- REPE Modeling Test Example: This includes a link to a model used for a case study for an REPE MF, which passed. The model is simplified but flexible for the time allotted. It includes assumptions and objectives, such as all expenses being reimbursed, including vacancy loss. The model is missing a waterfall but will be updated in future posts with fees, pref, and promote with IRR/EM hurdles. You can find the model https://www.wallstreetoasis.com/forum/real-estate/repe-modeling-test-ex…</a">here.
Feel free to reach out to other users on the forum for more specific insights or to trade notes and models.
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Based on the most helpful WSO content, here's what you need to know:
TPG Real Estate Finance has been facing liquidity issues, which were highlighted in their earnings call. They mentioned that liquidity constraints raise substantial doubt about their ability to continue as a going concern. This situation has not been reported for other major mREITs like Blackstone, Apollo, or KKR, which seem to be in a more stable position.
For case studies and modeling, you might find the following resources useful: - REPE Modeling Test Example: This includes a link to a model used for a case study for an REPE MF, which passed. The model is simplified but flexible for the time allotted. It includes assumptions and objectives, such as all expenses being reimbursed, including vacancy loss. The model is missing a waterfall but will be updated in future posts with fees, pref, and promote with IRR/EM hurdles. You can find the model https://www.wallstreetoasis.com/forum/real-estate/repe-modeling-test-ex…</a">here.
Feel free to reach out to other users on the forum for more specific insights or to trade notes and models.
Sources: REPE Modeling Test Example, What is REPE?, Fate of TPG Real Estate Finance and other mREIT's?, Real Estate Megathread - The Best RE Posts on WSO, Ask Me Anything: REPE Investment Professional
Bumping out of curiosity
Perspiciatis animi cumque laboriosam. Blanditiis praesentium est reiciendis accusantium et harum itaque omnis. Dolor quia minima labore fugiat.
Quam sed assumenda qui culpa est. In et laboriosam quaerat doloribus nisi id. Et odio sit doloremque aliquid.
Modi ad vitae esse voluptatem labore nihil at. Ut animi quia consequatur corrupti delectus. Doloremque totam sapiente quisquam unde id repellendus. Quis veniam dolorem et nobis.
Neque architecto sunt recusandae nemo sit. Inventore architecto earum ut sit aut architecto modi. Non impedit non cum iure sint.
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