We are often asked to build partnership models for real estate funds. Typically, the client either has a need for a model that is more complex than they are able to construct with in-house skills, or the client has a working model but wants an outside party to double-check the structure, the alternative outcomes, and the math.
In this case, the client had already made substantial progress in raising the capital, but they had not allocated the needed resources to develop a partnership model and with sufficient assurance that it would work.
Thankfully, since we have experience in developing these models for real estate funds, we were able to act quickly and build the model using nothing more than the original subscription documents.
If needed, we can also maintain and update the model throughout the life of the fund.