Fee Scorecard for High-Yield Real Estate Funds

http://www.realert.com/

Fee Scorecard for High-Yield Real Estate Funds

High-Yield Debt

Operator	Fund	Equity Goal ($Mil.)	Net Return Goal (%)	Fees	Preferred Return For LPs (%)	Subsequent GP/LP Split Of Profits	IRR Needed For GP to Get 20% of Profits (%)
BlackRock	Carbon Capital Fund 5	400	13-15	1.5% management	8	20/80 to 13%, then 35/65	23.7
C-III Capital	C-III High Yield Real Estate Debt Fund 1	250	10-13	1.25% management	8	50/50 to 20%, then 80/20	13.3
G4 Capital	G4 Capital Partners 2	250	14-16	2% management	8	20/80	Never
Invesco Real Estate	Invesco Real Estate Debt Fund 3	300	12	1% management	8	20/80	Never
LEM Partners	LEM R.E. High-Yield Debt and Pref. Equity 3	300	11-14	1.75% management	8	20/80	Never
RCG Longview	RCG Longview Debt Fund 5	500	12.5-14.5	1.5% management	8	50/50 to 20%, then 20/80	13.3
Talmage	Talmage Total Return Partners	500	10-15	1% invested	10	10/90	Never
Tyndaris	Tyndaris European Commercial R.E. Finance	752	12	2% management	8	20/80	Never

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