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#285 - Gabe Bodhi - CEO of Tekton Group - Expert in Sub-Institutional Multi-family investments

The Fort

CHAPTER

The Importance of Recursive Equity Partners

You want recourse equity partners. It brings a level of focus, concentration, grit to the table that you can have if you don't know who you're dealing with. The way I structure it is that my base case promote on every deal should be multiples of what my base case fees are. My ups, my benefit, I'll come from promote and promote is purely aligned with investors. 100%. You talked about you, your partner. Obviously, on our end, Jason and I, we have lots of our employees now that are in the promote. They're also putting up LP dollars.

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