Key Takeaways
- • EisnerAmper and DLA Piper launched a multi-part webinar series addressing the complete real estate fund lifecycle, from structural formation through operations and wind-down, designed for both first-time and experienced fund managers.
- • Part 2 of the series focuses on operational and legal execution steps required to launch a real estate fund, building on foundational structuring decisions covered in Part 1.
- • The webinar panel includes Michael Torhan (tax partner, EisnerAmper real estate group) and Yoni Tuchman (partner, DLA Piper), specialists in fund formation and tax structuring across the real estate private equity fund lifecycle.
- • Core topics addressed include fund versus deal-by-deal syndication structures, GP and management company organization, tax considerations embedded in early formation, LP base strategy, side letters, and carried interest arrangements.
- • The series acknowledges that operational and compliance execution—including administration, tax reporting, and regulatory requirements—represents the critical intermediate phase between fund design and fund maturation.
Summary
EisnerAmper and DLA Piper jointly presented Part 2 of their Real Estate Fund Lifecycle Webinar Series on June 11, 2026, addressing the operational mechanics required to execute a real estate fund after strategic and structural decisions have been made. The webinar series is designed as a comprehensive educational track that walks fund managers through the complete lifecycle from initial formation through capital raising, operations, and eventual wind-down.
The foundational Part 1 session established the critical early-stage decisions that shape fund structure, strategy, and long-term success. Part 2 shifts focus to the real-world operational and legal steps necessary to bring a designed fund to life and position it for growth. The curriculum explicitly addresses the intermediate phase between fund design and fund maturation, emphasizing administration, compliance, and tax reporting as core operational pillars.
The panel features specialized expertise in fund formation and real estate private equity. Michael Torhan, a tax partner in EisnerAmper's real estate group, anchors discussions on tax structuring across the fund lifecycle, advising sponsors from early formation decisions through operations and investor reporting. Yoni Tuchman, a partner at DLA Piper, brings recognized expertise in representing real estate fund sponsors through fundraising, fund structuring, and ongoing operations. Together, they address foundational questions that all real estate managers face: fund versus deal-by-deal syndication structures, GP and management company organization, embedded tax considerations, LP base composition, side letter negotiations, and carried interest frameworks.
The webinar series targets both first-time fund managers launching their initial vehicle and experienced sponsors refining established practices. By segmenting the fund lifecycle into discrete phases—formation, operation, and wind-down—the series provides targeted guidance at each critical juncture, reducing the risk of structural or operational missteps that could undermine fund performance or investor relationships.
The foundational Part 1 session established the critical early-stage decisions that shape fund structure, strategy, and long-term success. Part 2 shifts focus to the real-world operational and legal steps necessary to bring a designed fund to life and position it for growth. The curriculum explicitly addresses the intermediate phase between fund design and fund maturation, emphasizing administration, compliance, and tax reporting as core operational pillars.
The panel features specialized expertise in fund formation and real estate private equity. Michael Torhan, a tax partner in EisnerAmper's real estate group, anchors discussions on tax structuring across the fund lifecycle, advising sponsors from early formation decisions through operations and investor reporting. Yoni Tuchman, a partner at DLA Piper, brings recognized expertise in representing real estate fund sponsors through fundraising, fund structuring, and ongoing operations. Together, they address foundational questions that all real estate managers face: fund versus deal-by-deal syndication structures, GP and management company organization, embedded tax considerations, LP base composition, side letter negotiations, and carried interest frameworks.
The webinar series targets both first-time fund managers launching their initial vehicle and experienced sponsors refining established practices. By segmenting the fund lifecycle into discrete phases—formation, operation, and wind-down—the series provides targeted guidance at each critical juncture, reducing the risk of structural or operational missteps that could undermine fund performance or investor relationships.
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