Michael Levy, CEO of Crow Holdings, explains how the firm structures co-investment rights across its multi-billion dollar real estate development pipeline to fairly distribute deals among capital partners.
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“Our development company has what I'd call a rotational structure, so we have a pipeline in any given year. Next year it'll be less than this past year, but nonetheless, a multi-billion dollar pipeline in any given year. It's a lot of capital in any given year, and so we have structured our pipeline on a blind basis into rotational slots.”
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