View
50
Download
1
Category
Preview:
DESCRIPTION
Rankings of real estate funds
Citation preview
To start your FREE trial subscription, return to REAlert.com and click on Free Trial.Or call 201-659-1700. You can also complete the Free Trial Coupon on the last page of this newsletter and fax it to 201-659-4141.
REAL ESTATE ALERT: June 11, 2014, 5 Marine View Plaza, Suite 400, Hoboken NJ 07030. 201-659-1700
Fees Charged by High-Yield Real Estate Funds For vehicles that have raised less than half of their targeted equity
Opportunity
Operator/Fund
Equity
Goal ($Mil.)
Net Return
Goal (%)
Fees
Preferred Return
For LPs (%)
Subsequent GP/LP split
of profits
IRR Needed For GP to
Get 20% of Profits (%)
Activum SG Capital Activum Fund 3
$528 20 1.5% management 8 20/80 Never
Blackstone Blackstone Real Estate Partners Asia
5,000 16+ 1.5% management (1.25% for pledges over $200 million)
8 80/20 to 20%, then 20/80
10.7
Blue Vista Capital Blue Vista Sponsor Equity Fund 3
173 18 1.5% management 8 100/0 to 20%, then 20/80
10.0
China Everbright, RQSI International Everbright Ashmore China Real Estate Fund 2
300 20 2% management 10 20/80 Never
Dune Real Estate Dune Real Estate Fund 3
850 20 1.5% management 9 60/40 to 20%, then 20/80
13.5
Fowler Property Acquisitions FPA Apartment Opportunity Fund 4
360 16-20 1.5% management 10 50/50 to 20%, then 20/80
16.7
Garrison Investment Garrison Real Estate Fund 3
625 17 1.5% management 8 50/50 to 20%, then 20/80
13.3
GreenOak Real Estate GreenOak U.S. Fund 2
500 15-18 0.5% committed, 1.75% invested
9 20/80 to LP 12%, then 50/50 to GP 20%,
then 20/80
18.8
GTIS Partners GTIS U.S. Residential Strategies
716 18 1.5% management 10 60/40 to 20%, then 20/80
15.0
Hammes Co. Hammes Partners 2
430 16+ 1.4% management 9 20/80 Never
Hungerford Properties Hungerford Western Canada Opportunities
108 17 1.5% management 10 50/50 to 20%, then 20/80
16.7
JEN Partners JEN 4
180 20 1.5% management 8 50/50 to 20%, then 20/80
13.3
Kimpton Hotel & Restaurant KHP Fund 3
203 18 1.25% management 6 20/80 Never
Moonbridge Capital Moonbridge Greater China Development
400 18-20 2% management 9 20/80 Never
Patria Investimentos Patria Brazil Real Estate Fund 2
569 25 2% management 9 50/50 to 20%, then 20/80
15.0
FEE SCORECARD FOR FUNDS
To start your FREE trial subscription, return to REAlert.com and click on Free Trial.Or call 201-659-1700. You can also complete the Free Trial Coupon on the last page of this newsletter and fax it to 201-659-4141.
June 11, 2014 2Real EstateALERT
Fees Charged by High-Yield Real Estate Funds For vehicles that have raised less than half of their targeted equity
Opportunity
Operator/Fund
Equity
Goal ($Mil.)
Net Return
Goal (%)
Fees
Preferred Return
For LPs (%)
Subsequent GP/LP split
of profits
IRR Needed For GP to
Get 20% of Profits (%)
Peakside Capital Peakside Real Estate Fund 2
414 16-18 1.5% management 9 60/40 to 20%, then 20/80
13.5
Redwood Real Estate Redwood-Kairos Real Estate Value Fund 4
150 15-20 1.5% management 8 100/0 to 20%, then 20/80
10.0
TerraCap Management TerraCap Partners 3
250 15-20 2% management 8 50/50 to 20%, then 20/80
13.3
Xander Group Xander Master Fund 4
230 16+ 2% management 9 100/0 to 20%, then 20/80
11.3
FEE SCORECARD FOR FUNDS
To start your FREE trial subscription, return to REAlert.com and click on Free Trial.Or call 201-659-1700. You can also complete the Free Trial Coupon on the last page of this newsletter and fax it to 201-659-4141.
June 11, 2014 3Real EstateALERT
Value-Added
Operator/Fund
Equity
Goal ($Mil.)
Net Return
Goal (%)
Fees
Preferred Return
For LPs (%)
Subsequent GP/LP split
of profits
IRR Needed For GP to
Get 20% of Profits (%)
American Real Estate Partners American Real Estate Strategic Office Fund
$75 14-16 1.5% management 9 50/50 to 20%, then 20/80
15.0
Astrum Investment Astrum Fund 1
50 15+ 1.5% management. 0.25% loan fee
9 35/65 21.0
Brookfield Asset Management Brookfield Fairfield U.S. MF Value Add Fund 2
700 13 1.5% management 9 20/80 to 11%, then 50/50 to 20%,
then 20/80
26.0
CBRE Global Investors CBRE Strategic Partners U.S. Value Fund 7
2,130 13+ 1.25% management, 0.5% acquisition
9 80/20 to 13%, then 50/50 to 20%,
then 20/80
13.3
Columbia Pacific Advisors Columbia Pacific Real Estate Fund 1
130 13-16 1% management (0.75% after 5 years)
6 100/0 to 25%, then 25/75
7.5
Cypress Equities Cypress Acquisition Partners Retail Fund 1
350 14-16 1.35%-1.5% management
9 80/20 to 12%, then 50/50 to 20%,
then 20/80
12.0
DRA Advisors DRA Growth & Income Fund 8
1,350 13-15 0.9% management (committed), then 0.6%
8 15/85 Never
Equity Global Management EGM Income & Growth Fund 5
250 15 1.5% management 9 50/50 to 20%, then 20/80
15.0
Ethika Investments Ethika Diversified Opportunity Real Estate
200 14-17 2% management 10 100/0 to 20%, then 20/80
12.5
InfraRed Capital InfraRed Capital Active Real Estate Fund 3
670 15 1.5% management 9 50/50 to 20%, then 20/80
15.0
Invesco Real Estate Invesco Real Estate Fund 3
343 14 1.5% management 10 50/50 to 20%, then 20/80
16.7
Ivy Equities Ivy Realty Fund 3
250 15+ 1.75% management 8 80/20 to 20%, then 20/80
10.7
Kennedy Wilson Kennedy Wilson Real Estate Fund 4
303 13-17 1.5% management, 1% acquisition
9 50/50 to 20%, then 20/80
15.0
LaSalle Investment LaSalle Income & Growth Fund 6
325 15 1.5% management 9 20/80 Never
Rialto Capital Rialto Real Estate Fund 2
1,305 14-17 1.5% management 10 50/50 to 12%, then 20/80
Never
Unico Properties Unico Partners 1
300 13-15 1.5% management 9 20/80 Never
Waterton Associates Waterton Residential Property Venture 12
500 13 1.25% management (committed), 1.5% (invested)
8 20/80 Never
Westport Capital WCP Real Estate Fund 4
500 15 1.5% management 8 60/40 to 20%, then 20/80
12.0
FEE SCORECARD FOR FUNDS
To start your FREE trial subscription, return to REAlert.com and click on Free Trial.Or call 201-659-1700. You can also complete the Free Trial Coupon on the last page of this newsletter and fax it to 201-659-4141.
June 11, 2014 4Real EstateALERT
Core-Plus
Operator/Fund
Equity
Goal ($Mil.)
Net Return
Goal (%)
Fees
Preferred Return
For LPs (%)
Subsequent GP/LP split
of profits
IRR Needed For GP to
Get 20% of Profits (%)
AXA Real Estate Pan European Value Added Fund
$690 12-13 1.1-1.5% management (invested)
9 20/80 Never
Niam AB Niam Nordic Core-Plus Fund
414 10-12 1.5% management (invested), 0.75% (uninvested)
9 80/20 to 12%, then 50/50 to 20%,
then 20/80
13.4
Western National Group Western National Realty Fund 3
300 12+ 1.25% management (committed), 1% (invested)
9 50/50 to 20%, then 20/80
15.0
High-Yield Debt
Operator/Fund
Equity
Goal ($Mil.)
Net Return
Goal (%)
Fees
Preferred Return
For LPs (%)
Subsequent GP/LP split
of profits
IRR Needed For GP to
Get 20% of Profits (%)
C-III Capital C-III High Yield Real Estate Debt Fund 3
$159 10-13 1.25% management 8 50/50 to 20%, then 80/20
13.3
M&G Investments M&G Real Estate Debt Fund 2
1,013 12-15 1.5% management (invested)
8 50/50 to 20%, then 20/80
13.3
Pimco Pimco Bravo Fund 2
5,500 15-20 1.8% management 8 20/80 Never
RCG Longview RCG Longview Debt Fund 5
250 12.5-14.5
1.5% management 8 50/50 to 20%, then 20/80
13.3
Talmage Talmage Total Return Partners
500 10-15 1% management (invested)
10 10/90 Never
Tyndaris Tyndaris European Commercial R.E. Finance
837 12-15 2% management 8 20/80 Never
Fund of Funds
Operator/Fund
Equity
Goal ($Mil.)
Net Return
Goal (%)
Fees
Preferred Return
For LPs (%)
Subsequent GP/LP split
of profits
IRR Needed For GP to
Get 20% of Profits (%)
Penn Square Real Estate, Townsend Group TownSquare Real Estate Alpha Fund
$358 15+ 1% management 9 60/40 to 20%, then 20/80
13.5
FEE SCORECARD FOR FUNDS
FREE TRIAL COUPON
R YES! Start my 3-issue free trial subscription to Real Estate Alert. There are no strings attached: You wont receive an invoice unless you choose to subscribe.
DELIVERY (check one): q E-mail q Mail
DELIVERY ADDRESS:Name:Company:Address:
City/State/Zip:Country:Phone:E-mail:
Fax this order form to: 201-659-4141.
06/11/14
Recommended