Greystar Equity Partners XI (May-23)
SUMMARY OF PROPOSED TERMS
GREYSTAR EQUITY PARTNERS XI, LP (THE "FUND")
TARGET SIZE
HARD CAP
GREYSTAR CO-INVESTMENT
MANAGEMENT FEE
PERFORMANCE FEES
INVESTMENT PERIOD
FUND TERM
$2.5bn of equity commitments
$3.0bn of equity commitments
3% of total commitments
1.50% on committed capital during investment period; 1.50% on invested capital thereafter
20% over an 8% preferred return hurdle; 50/50 catchup
3 years from the initial closing, plus a one-year extension subject to advisory committee approval
8 years from the initial closing, plus two, one-year extensions subject to advisory committee approval
This summary is neither complete nor exact and is qualified in its entirety by reference to the partnership agreement, which will be provided to qualified investors upon request and should be reviewed carefully before an investment decision is made.
PREPARED FOR EMPLOYEES' RETIREMENT SYSTEM OF RHODE
GREYSTAR™ 15
ISLAND ONLY. THIS IS NOT A PUBLIC OFFER OF DISTRIBUTION.View entire presentation