Wayne Courreges IIIManaging Principal, CREI Partners, CREI Partners, CREI Partners, LLC · Disciplined Passive Real Estate. Transparent Leadership.

Vet Sponsor Track Records Prior to Evaluating Specific Real Estate Investment Opportunities

Name: Vet Sponsor Track Records Prior to Evaluating Specific Real Estate Investment Opportunities
Uploaded: 2023-10-04T00:01:46+00:00
Duration: 13 s
Channel: Wayne Courreges III
Description: Short conversational excerpt (YouTube) advising diligence when evaluating real estate investments: speakers warn that fund-of-funds and private equity…

4 Oct 2023 · 0 min

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Short conversational excerpt (YouTube) advising diligence when evaluating real estate investments: speakers warn that fund-of-funds and private equity firms sometimes enter real estate without prior experience, and they emphasize vetting sponsors, teams, and track records. The dialogue also distinguishes active general partners (who source and manage deals) from passive fund structures.

There are a lot of people that are getting into the space that are doing these fund to fund models or private equity funds that had no experience in real estate investing or, you know, just what all goes involved into day to.
Day. And I look at them, I don't even know you. But the main thing is, is I'm vetting the person, their team, their track record, and then I could quickly go over the deal when it comes in.
And for those that are actively handling the investments or the deal sourcing or asset management, et cetera, they are on the general partner side, they're on the active side. However, they're doing it as a fund. And he is the one that is sourcing and working with sponsors directly to push his investors capital.