Pro Forma II: Investment Waterfalls

Welcome to the Course!

Before you begin...

Before your first live class... (PLEASE READ)

March 15, 2023 12-1pm ET - Join Zoom here!

Session 1 Slides

March 22, 2023 12-1pm ET - Join Zoom here!

Session 2 Quarterly Waterfall Model

March 24, 2023 12-1pm ET - Join Zoom here!

Session 3 Waterfall Model

Part 1: Distributing Operating Cashflow

Part 2: Waterfall Distribution of Terminal

Excel Modeling: Financial Performance for Each Partner

Modifying Basic Model for More Flexibility

Separating Tier One and Tier Two Cashflows

Modeling Unpaid Preferred Return that is Not Compounded

Modeling for Flexibility Based on Hurdle Rate

Different Approaches to Modeling with a Hurdle Rate Requirement

Permitting the Promote Before the Property is Sold

Multiple Tier Waterfall Structure

When GP and LP Do Not Receive Cashflow Simultaneously

Up Next: Test Your Knowledge

Pro Forma II: Investment Waterfalls Quiz

Before you go...