Launching and operating a fund can be a daunting task for even the most seasoned real estate professional. That’s why Anchin, a leading accounting and advisory firm, put together a team to support pros through this challenging transition.
TRD’s Hannah Kramer sat down with Anchin’s Kevin McHale and Zurab Moshashvili to learn how clients can leverage the company’s services to ensure fund success from launch through operation.
Take waterfalls as an example of a process that may seem familiar to real estate pros at first glance, but which means something totally different when applied to a fund.
“Syndicators are typically accustomed to taking a promote or carried interest provision once a deal is sold,” explains Moshashvili. “With a fund, the landscape changes.”
From deciding when and where to outsource tasks to securing funding sources from overseas to ensuring compliance at every step of the way, Anchin guides clients through the complex fund launch and management process. Watch the video for a look behind the scenes at how fund management actually gets done.