Capital Stocks in Real Estate: Tiers, Tradeoffs & Costs

course

COURSE INFO

  • Presentation Date 11/5/2025
  • Next Class Time 11:00 AM MT
  • Duration 60 min.
  • Format Audio Webcast
  • Program Code 11052025


Course Price: $89.00

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COURSE DESCRIPTION

Real estate capital structures have evolved into sophisticated financing mechanisms that can make or break investment deals. This intensive program demystifies the complex world of equity tiers, preferred returns, and capital stack optimization for real estate transactions. Attorneys will gain practical insights into structuring deals that balance investor expectations with project feasibility.

 

  • · Analyze different capital stack structures and their legal implications
  • · Understand waterfall distributions and preferred return mechanisms
  • · Navigate investor agreements and capital contribution requirements
  • · Examine case studies of successful and failed capital structures
  • · Master the documentation necessary for complex real estate financing

 

Speaker:

Anthony Licata is a partner in the Chicago office of Taft Stettinius & Hollister LLP, where he formerly chaired the firm’s real estate practice.  He has an extensive practice focusing on major commercial real estate transactions, including finance, development, leasing, and land use.  He formerly served as an adjunct professor at the Kellogg Graduate School of Management at Northwestern University and at the Illinois Institute of Technology.