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On the completed quiz worksheet the model has 40% GP promote to the GP. On the Frost and Main GP LLC term sheet,
however, the term sheet has “30% to the GP Partner as a promote”. Shouldn’t the worksheet have 30%? i.e. cells (F11:F13) of CO GP returns.
Thank you for your assistance.
You are correct – thanks for spotting the error!
I’ve gone ahead and updated the ‘Frost and Main GP, LLC summary partnership structure’ PDF to reflect a 40% promote to A.CRE Development Partners.
Sorry for the mistake!