If you’re looking for a technical real estate private equity guide, look no further than this link. Yet if you’re looking to study behaviorals, you’re in the right place. The first installment of this series can be found here, detailing (i) the differences in preparing for technical vs. behavioral questions, and (ii) the specific questions […]
Interviews are Active Conversations, not a Call-and-Response Routine Read More »
Introduction The last blog covered the 1:1 spin-off of AIR from AIV, and the blog before that spoke to creating a dummy NAV build. This blog will attack the first half of the NAV equation – calculating gross asset value. To begin, we’ll model AIV as the pre-spin company. Once we’ve established our pre-spin NAV,
Public REIT Valuation Part 11: Gross Asset Value (GAV) Read More »
Introduction This is part seven of a series focused on Public REIT valuation. The first six posts were more qualitative in nature, contextualizing the information available in Aimco’s public filings. This seventh post begins a new thread where we focus on building our Excel model. If you’re looking for the best real estate private equity
Public REIT Valuation Part Seven: Net Asset Value Read More »
Introduction The previous post described our calculation of the asset management fee and the preferred distributions. This post will focus on our calculation of the catch-up and the profit sharing. Then, we will tie it all together with a concise summary of the LP cash flows. Below is the overview of the waterfall we shared
Catch-Up Waterfall, Part Five: Catch-Up and Profit Sharing Read More »
Introduction This series on interview prep exists to help you excel during interviews and crush any real estate investment case study. To make this the best real estate private equity course possible, respond to these questions as if you’re actually being interviewed. That means look away from your computer, don’t read or memorize the answer,
REPE Interview Prep: Hotel Pro Formas and Retail Leases Read More »
Introduction The interview process is more than just building real estate private equity models. You have to learn to think and speak like a true megafund investor. In addition to providing the best real estate private equity course on the market, we have created this series to help you practice the most common interview questions.
REPE Interview Prep: Efficient Markets, Opportunity Zones, and Same-Store Reporting Read More »