- Haas, Ryan J. (Ryan Joseph)
- Massachusetts Institute of Technology. Dept. of Architecture. Lynn Fisher and David Geltner. Massachusetts Institute of Technology. Dept. of
- 52 leaves
- Massachusetts Institute of Technology
- M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See
provided URL for inquiries about permission.
- It has been estimated that over 150 real estate
opportunity fund sponsors have emerged since the advent of the so
called "Real Estate Opportunity Fund" industry. The industry, now
more than 15 years old, has experienced significant growth since
its inception. As the real estate private equity industry continues
to mature and becomes more competitive, fund sponsors must ensure
that they are best in class in all facets of their business, and
the structuring of their investment vehicle is a perfect place to
start. The purpose of this paper is to identify the most important
fund level structuring issues facing real estate opportunity fund
sponsors when raising a new fund. It begins by reviewing the
history of the real estate private equity industry, specifically
real estate opportunity funds. The study follows with a recounting
of the industry's standard legal, financial, and tax structures for
these funds. Finally, utilizing the results of a comprehensive
industry survey and interview process, the paper gives an update of
the current industry practices. After a thorough study, it is clear
that a fund's structure will largely be determined by the investor
makeup and the respective fund strategy.
- (cont.) This fact implies that there can truly be
no "one-size-fits-all" best practice. While no particular new best
practices were uncovered, the results were very interesting, and
they provide general guidelines for fund sponsors to follow given a
variety of different circumstances.
- by Ryan J. Haas.
- Thesis (S.M.)--Massachusetts Institute of
Technology, Dept. of Architecture, 2006.
- This electronic version was submitted by the
student author. The certified thesis is available in the Institute
Archives and Special Collections.
- Includes bibliographical references (leaf
- M.I.T. theses are protected by copyright. They may be
viewed from this source for any purpose, but reproduction or
distribution in any format is prohibited without written
permission. See provided URL for inquiries about
- Instructions in case access is denied
Site powered by: