Deal Cash Flows & the Levered IRR
This lesson is part of the course
In this lesson
You build the equity cash flows of the fictional Cedar Row Apartments joint venture, including the sale, and measure the levered IRR and equity multiple that the waterfall will later split.
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Lessons in this course
- Deal Cash Flows & the Levered IRR Locked
- Return of Capital & the Compounding Preferred Return Locked
- Tier 1 to an 8 % IRR Hurdle: the Hurdle Balance Locked
- Tiers 2 & 3: the Promote at 12 % and 15 % IRR Hurdles Locked
- IRR Hurdles vs Equity Multiple Hurdles Locked
- GP Promote Value & the Effective GP Share Locked
- Promote Sensitivity to the Exit Cap Rate Locked
- American vs European Waterfall Timing (Simplified) Locked