Hard Preferred Equity
Preferred equity position with a required distribution
Key attributes:
- Typically behind Agency lenders
- Defined required distribution
- Typically co-terminus w/ senior loan
Preferred equity position with a required distribution
Preferred equity position without a required distribution
Preferred equity position for construction projects
Investment Focus
| Property Types | Market Rate | Student Housing | Age-Restricted |
| Investment Strategy | Stabilized | Value Add | Opportunistic | Ground Up |
| Geographic Focus | Markets throughout the United States |
| Senior Lenders | Agency | CMBS | Insurance | Bank |
