Client Alert

Real Estate Fund Documentation and Operations May Be Impacted By SEC Risk Alert

November 20, 2020

By Larry Hass, Max Rosenberg & Josh Sternoff

On June 23, 2020, the US Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examinations issued a Risk Alert, identifying a series of deficiencies it regularly encountered in recent examinations of private fund advisers, including real estate fund managers.

This article focuses on two conflict of interest items highlighted in the Risk Alert that may have a notable impact on real estate fund documentation and operations going forward, particularly in light of the COVID-19 pandemic: (1) multiple clients investing in the same asset and (2) allocation of co-investments.

Click here for a PDF of the full text

Practice Areas

Real Estate


For More Information

Image: Joshua H. Sternoff
Joshua H. Sternoff

Partner, Corporate Department

Image: Max J. Rosenberg
Max J. Rosenberg

Partner, Corporate Department

Get In Touch With Us

Contact Us