It’s 2020 and YYY’s value-add fund is in acquisition mode. The target return is set at 13%, and the manager presents a deal; a three-year business plan with 60% leverage and a CapEx budget of 40% of the capital value. The location? An emerging area in Hamburg, with a yield offering a 25bps premium...
The Fund Manager
The art of measuring risk in real estate investment
The art of measuring risk in real estate investment
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