Real Estate Equity Waterfall Calculator
Partnership-Level Returns with IRR & Equity Multiple Hurdles
Waterfall Configuration
Determines how preferred returns are calculated
Number of promote tiers in the waterfall
Allow GP to catch up after LP receives preferred return
Method for returning capital to partners
Equity Contribution Split
✓ Total: 100%
Waterfall Tier Structure
| Tier | Equity Multiple Hurdle | IRR Hurdle | GP Promote % |
|---|---|---|---|
| Tier 1 (Pref + RoC) | N/A | N/A | 0% |
| Tier 2 | 1.5x | 10% | 15% |
| Tier 3 | 1.75x | 12% | 25% |
| Tier 4 | 2.0x | 15% | 30% |
| Tier 5 | 2.5x | 20% | 40% |
Note: Tier values are defaults from the Excel model. Future versions will allow customization.
Based on the Adventures in CRE Waterfall Model v1.951
Disclaimer: This calculator may contain errors. Verify all calculations before using for investment decisions.