Don't Go Chasing Equity Waterfalls

Don't Go Chasing Equity Waterfalls, available at $19.99, has an average rating of 5, with 15 lectures, based on 12 reviews, and has 25 subscribers.

You will learn about The Differences Between Waterfalls and Straight Splits Key Terms in Waterfall Structures Why Waterfall Structures are Used How to Understand Waterfalls How to Read the Distribution Section of an LP Agreement with a Waterfall How Hurdles Work in Waterfall Structures This course is ideal for individuals who are Passive Investors and Limited Partners in Commercial Real Estate Projects that Use Waterfall Structures It is particularly useful for Passive Investors and Limited Partners in Commercial Real Estate Projects that Use Waterfall Structures.

Enroll now: Don't Go Chasing Equity Waterfalls

Summary

Title: Don't Go Chasing Equity Waterfalls

Price: $19.99

Average Rating: 5

Number of Lectures: 15

Number of Published Lectures: 15

Number of Curriculum Items: 15

Number of Published Curriculum Objects: 15

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

The Differences Between Waterfalls and Straight Splits
Key Terms in Waterfall Structures
Why Waterfall Structures are Used
How to Understand Waterfalls
How to Read the Distribution Section of an LP Agreement with a Waterfall
How Hurdles Work in Waterfall Structures

Who Should Attend

Passive Investors and Limited Partners in Commercial Real Estate Projects that Use Waterfall Structures

Target Audiences

Passive Investors and Limited Partners in Commercial Real Estate Projects that Use Waterfall Structures

Equity Waterfalls are often mentioned by sponsors, but never explained to passive investors. This course is designed to demystify what waterfalls are and how they work. We will talk through the advantages of waterfalls vs. straight split profit share models. Then we will discuss why waterfall models are advantageous to investors and what to watch out for. Next we will define key terms to allow you to have more certainty when reviewing investor packages. We will deep dive on what preferred returns are and how preferred returns work. We feature an example waterfall, so you can begin to understand how profits flow through the hurdles/tiers and have a better understanding of when you get paid. The class finishes by teaching you how to review the distribution section of an LP agreement to help you verify what the sponsor told you is legally correct.

This course is for you if you are a passive investor looking to up your game in the difficult economic environment. This course will help you to invest at a higher level by gaining an in-depth understanding of waterfall structures. This course was made based on conversations with numerous passive investors who wanted to participate in more exciting deals, but were hesitant due to not understanding the nuances of waterfall structures. My goal for this course is for you to be able to ask educated questions as a sophisticated investor to sponsors whose deals you are considering investing in.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Lecture 2: Straight Split Vs. Waterfalls

Lecture 3: Waterfall Example

Lecture 4: Key Terms

Lecture 5: Capital Stack

Lecture 6: Preferred Returns "Pref"

Lecture 7: Hurdles / Tiers

Lecture 8: Return of Capital

Lecture 9: Promote / Profit Share / Final Split

Lecture 10: Catch Up Provision

Lecture 11: Windfall Provision

Lecture 12: Investor Classes (High Pref(Stability) vs. Lower Pref (Profit Share))

Lecture 13: How to Read Distribution Section of LP Agreements

Lecture 14: Waterfalls Behind the Scenes

Lecture 15: Conclusion

Instructors

Matthew Candler, FMVA, PE, PMP, MBA
Multifamily Real Estate Investor

Rating Distribution

1 stars: 0 votes
2 stars: 0 votes
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4 stars: 0 votes
5 stars: 12 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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