Equity financing structured for the business plan, not the template
Murivest structures and sources equity for U.S. commercial real estate - joint-venture, preferred, and co-investment capital for acquisitions, development, and recapitalizations. We design the terms to serve the asset and the sponsor, then introduce the capital to execute them.
The right form of equity for the right mandate
Equity is not one instrument. We structure the form - JV, preferred, or co-investment - around the business plan, the governance the sponsor needs, and the return the capital seeks.
Joint-Venture Equity
LP/GP and co-investment structures that align sponsor and capital around a defined business plan, waterfall, and governance framework.
Preferred Equity
Structured subordinate capital that bridges a gap in the stack - often used to preserve sponsor control while completing the capitalization.
Co-Investment
Direct, often bilateral equity from institutional partners seeking exposure alongside an operating sponsor, structured for the specific asset.
Independent Structuring
We design the equity terms to serve the asset and the sponsor - without a proprietary fund or balance sheet compelling a particular form.
Waterfalls and governance are where value is won or lost
The economics of an equity partnership are defined by the waterfall, the governance, and the exit mechanics - long before the capital is deployed. We structure these deliberately, ensuring the sponsor retains appropriate control and incentive while delivering the risk and return profile the equity partner requires.
Because we are independent, the structure we recommend is built for the asset - not to place a particular fund's standard terms.
Where equity financing applies
- Acquisition of stabilized or value-add assets.
- Development and ground-up construction.
- Recapitalization of existing positions.
- Bridge to a refinancing or disposition event.
Equity within the capital stack
Equity is typically paired with structuring advice, debt, or recapitalization depending on the mandate.
Structure and source your equity
If you need to capitalize an acquisition, development, or recapitalization, we will design the structure and introduce the right equity.