They Asked You To Do What?

Author(s): John H. Kuhl, Amy H. Wells

Source: The Institutional Real Estate Letter - North America

July 2009

John Kuhl and Amy Wells co-authored an article discussing some common issues investors should consider when evaluating a fund sponsors proposed modifications to fund terms and also what investors should ask for in return.

Executive Summary:

  • Because investment capital is becoming increasingly scarce, fund sponsors may seek several changes to fund terms.
  • Many of these changes may prove to be favorable to investors, but each should be reviewed on an individual basis.
  • As fund sponsors seek changes to documents, LPs may find more room for negotiation.

 

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